Kayne Anderson
Asset Management Vice President/Director, Student Housing
Kayne Anderson, Chicago, Illinois, United States, 60290
Overview Kayne Anderson Real Estate is searching for a Vice President/Director of Asset Management for Student Housing/Multifamily. This position oversees a portfolio of multifamily and student housing assets, including stabilized assets, repositioning, ground-up development, and/or redevelopment projects. The role reports to the Senior Managing Director and Managing Director of Asset Management and can be based in Chicago, IL or Boca Raton, FL.
The experience expected from applicants, as well as additional skills and qualifications needed for this job are listed below. 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 overall condition, capital plans, on-site property manager, JV partner engagement, and market performance. Expected travel is ~2 days per week on average. Manage operating partner relationships; maintain constant communication with operating partners and other third parties; support growth of these relationships and represent Kayne Anderson Real Estate in the market. Actively update revenue, expense, and overall strategy in real-time to maximize property-level performance. Track property-specific critical dates and deliverables such as tax management, annual audits, accounting deliverables, debt maturities and covenant compliance, development/construction issues, leasing targets and timing, etc. Provide significant property-level engagement and guidance to property management teams. Engage in property branding, property programming, lease-up strategy, and management of marketing firms with the management company and/or JV partner. Drive asset performance through refinancing, renovations, and redevelopments. Supervise development and renovation projects with support from the internal construction management department and operating partners. Coordinate internal processes across disciplines (legal, accounting, construction, capital markets) to ensure execution of the business plan. Work with underwriting and acquisition teams in evaluating potential investments. Monitor industry trends and adjust property business plans as necessary. Leverage relationships with operators, managers, consultants, and other contacts to evaluate markets, identify solutions, and deliver creative strategies to address challenges at prospective and existing properties. Actively participate in industry organizations and events. Qualifications & Experience
Minimum of 7 years of relevant real estate asset management experience, including at least 5 years in student housing asset management. Strong operational skills; hands-on contributor to Asset Management; ideally experience with operating platforms, operating partners, and negotiating third-party contracts. Strategic perspective with experience developing investment strategies and strong execution. Strong financial, analytical, and computer skills with proficiency in Excel; experience with asset management platforms and software helpful but not required. Sound judgment to identify relevant questions and issues when evaluating a situation. Self-motivated with the ability to make independent decisions within group goals and policies. A genuine desire to excel in execution and passion for the role. Interest in collaborating with the Kayne team and leveraging external resources to achieve exceptional results—tangible and intangible. Competitive medical, dental, and vision insurance. Flexible spending accounts (dependent care, healthcare, limited purpose FSA). Accident and Critical Illness insurance. Long Term Disability insurance. 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). 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. Compensation: Base salary range $100,000-$300,000 annually, plus discretionary bonus, dependent on experience and qualifications. Employment Details
Seniority level: Director Employment type: Full-time Job function: Other Industries: Investment Management Location: Chicago, IL or Boca Raton, FL Kayne Anderson is an equal opportunity employer. Employment decisions are based on merit, competence, performance, and business needs. We do not discriminate on race, color, religion, marital status, age, national origin, disability, pregnancy, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected by law.
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The experience expected from applicants, as well as additional skills and qualifications needed for this job are listed below. 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 overall condition, capital plans, on-site property manager, JV partner engagement, and market performance. Expected travel is ~2 days per week on average. Manage operating partner relationships; maintain constant communication with operating partners and other third parties; support growth of these relationships and represent Kayne Anderson Real Estate in the market. Actively update revenue, expense, and overall strategy in real-time to maximize property-level performance. Track property-specific critical dates and deliverables such as tax management, annual audits, accounting deliverables, debt maturities and covenant compliance, development/construction issues, leasing targets and timing, etc. Provide significant property-level engagement and guidance to property management teams. Engage in property branding, property programming, lease-up strategy, and management of marketing firms with the management company and/or JV partner. Drive asset performance through refinancing, renovations, and redevelopments. Supervise development and renovation projects with support from the internal construction management department and operating partners. Coordinate internal processes across disciplines (legal, accounting, construction, capital markets) to ensure execution of the business plan. Work with underwriting and acquisition teams in evaluating potential investments. Monitor industry trends and adjust property business plans as necessary. Leverage relationships with operators, managers, consultants, and other contacts to evaluate markets, identify solutions, and deliver creative strategies to address challenges at prospective and existing properties. Actively participate in industry organizations and events. Qualifications & Experience
Minimum of 7 years of relevant real estate asset management experience, including at least 5 years in student housing asset management. Strong operational skills; hands-on contributor to Asset Management; ideally experience with operating platforms, operating partners, and negotiating third-party contracts. Strategic perspective with experience developing investment strategies and strong execution. Strong financial, analytical, and computer skills with proficiency in Excel; experience with asset management platforms and software helpful but not required. Sound judgment to identify relevant questions and issues when evaluating a situation. Self-motivated with the ability to make independent decisions within group goals and policies. A genuine desire to excel in execution and passion for the role. Interest in collaborating with the Kayne team and leveraging external resources to achieve exceptional results—tangible and intangible. Competitive medical, dental, and vision insurance. Flexible spending accounts (dependent care, healthcare, limited purpose FSA). Accident and Critical Illness insurance. Long Term Disability insurance. 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). 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. Compensation: Base salary range $100,000-$300,000 annually, plus discretionary bonus, dependent on experience and qualifications. Employment Details
Seniority level: Director Employment type: Full-time Job function: Other Industries: Investment Management Location: Chicago, IL or Boca Raton, FL Kayne Anderson is an equal opportunity employer. Employment decisions are based on merit, competence, performance, and business needs. We do not discriminate on race, color, religion, marital status, age, national origin, disability, pregnancy, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected by law.
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