About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $16.5 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $36 billion alternative investment management firm with more than 40 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors.
The depth and diversity of Kayne Anderson Real Estate’s development and operational expertise gives the Firm credibility in dealing with sellers, intermediaries, and operating partners. With more than 100 professionals, Kayne Anderson Real Estate has consistently demonstrated its ability to bring more to an opportunity than equity capital, enhancing a project’s overall performance and quality by incorporating best practices and effective alternatives in the design, construction, documentation, financing, and operation of investments. This credibility and value-add, combined with a reputation for quick response, firm commitment, and timely execution, has solidified Kayne Anderson Real Estate’s favorable reputation and resulted in solid relationships with developers, owners, operators, financing sources, and other intermediaries.
Position Overview:
Kayne Anderson Real Estate is searching for a Vice President/Director of Asset Management of Student Housing. This position will oversee a portfolio of multifamily and student housing assets, which includes stabilized assets, repositioning, ground-up development, and/or redevelopment projects. The position reports to the Senior Managing Director and Managing Director of Asset Management, who oversees the Student Housing and Multifamily sector vertical. This position will be based in the firm’s Boca Raton, Florida office.
General Position Responsibilities:
- Monitor and report on the financial and operating performance of various assets against business plans and original underwriting.
- Travel to portfolio properties to assess the overall condition of the real estate, the status of capital plans, the property manager on site, joint-venture partner engagement, and the performance of the market (expected travel is ~2 days per week).
- Manage operating partner relationships and maintain constant communication with operating partners and other third parties.
- Update revenue, expense, and overall strategy in real-time to maximize property performance.
- Track property-specific critical dates and deliverables such as tax management, annual audits, accounting deliverables, debt maturities, and covenant compliance.
- Provide significant property-level engagement and guidance to property management teams.
- Engage in property branding, programming, lease-up strategy, and manage marketing firms in conjunction with the management company and/or JV partner.
- Project asset performance through refinancing, renovations, and redevelopments.
- Supervise development and renovation projects with the support of the internal construction management department and operating partners.
- Coordinate internal processes across disciplines (legal, accounting, construction, capital markets) to ensure the execution of the business plan.
- Work directly with the underwriting and acquisition team in evaluating potential investments.
- Track industry trends and adjust property business plans as necessary.
- Leverage industry relationships to evaluate markets and deliver creative strategies for prospective and existing properties.
- Participate in industry organizations and events.
Minimum Qualifications:
- Minimum of 7 years of relevant real estate asset management experience, including 5 or more years in student housing real estate asset management.
- Strong operational skills; the successful candidate will be a “hands-on” member of the Asset Management team.
- Experience with operating platforms and negotiating third-party contracts.
- Strategic perspective with strong execution capabilities.
- Strong financial, analytical, and computer skills with proficiency in Excel; experience with asset management platforms is helpful but not required.
- Sound judgment with the ability to identify important issues when evaluating a situation.
- Self-motivated with the ability to make independent decisions within the framework of group goals and policies.
- Genuine desire to excel in their work and express a passion for their role.
- High degree of interest in working with the collective Kayne team and leveraging external resources for exceptional results.
Benefits:
- Competitive medical, dental, and vision insurance
- Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
- Accident and Critical Illness insurance
- Long Term Disability insurance
- Competitive 401(k) benefits
- Pet healthcare savings program
- Member’s Only Healthcare - healthcare navigation
- WellHub - corporate wellness platform
- $10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
- Fertility coaching services
- Rocket Lawyer legal benefits
- Reimbursement of professional society memberships and exam fees
- Up to $10,000 matching annually for contributions to qualified non-profit organizations
- Parental leave
Employment with the company is contingent on the applicant providing proof of eligibility to work in the United States at the time of hire.
Kayne Anderson is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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