Greystar
Associate, Asset Management – Greystar
About Greystar
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in nearly 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of nearly $78 billion of assets under management, including over $35 billion of development assets. For more information, visit www.greystar.com.
Job Description Summary
The Asset Management Associate drives the execution, development, and implementation of various strategies and programs that enhance financial and operational performance by synthesizing operational results and market data to identify opportunities to drive performance. Key Responsibilities
Conducts financial analysis of multifamily development assets, including the creation of detailed pro‑forma and Excel-based financial models. Gathers, complies, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property-level and market trends. Collaborates on new investment committee memos, financing or disposition recommendations, and updates on existing development assets. Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, regional property management, and other key stakeholders; manages ongoing communications related to development transactions. Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s). Organizes and/or leads the disposition process including broker coordination and due diligence or assets under contract; performs valuation analysis and develops documentation and recommendations based on key findings that may affect the return and financial performance of the asset(s). Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region; establishes timelines and addresses issues that could affect closing. Works with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and support overall asset performance; participates in evaluating rent structures and leasing velocity. Provides support to key business leaders by fielding questions and requests and gathering data and reports. Performs regular monitoring, reporting, and proactive problem solving of assets within the assigned region. Coordinates with consultants related to real estate tax protests. Assists with the preparation of annual business plans, including review of operating budgets, market analysis, real estate tax forecast, and disposition strategy. Completes financial, administrative, and other reports and analyses, and performs other duties as assigned. Acts on group special projects including bi-annual portfolio revaluations and ad hoc reporting requests. Provide peer training for new and existing analysts related to modeling and group reporting requirements. Complete cash needs and distribution analysis as needed. BASIC KNOWLEDGE & QUALIFICATIONS
A bachelor’s or master’s degree in finance, accounting, business, real estate, economics, or a related field from an accredited institution is preferred. Two or more years of experience in real estate finance. Attention to detail and strong creative problem-solving skills. Proficiency in Excel and financial modelling skills. Strong organizational, time-management and project management skills to effectively track, report and manage multiple projects and priorities where meeting deadlines is critical. Excellent interpersonal and relationship-management skills to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and other clients. Professional presentation skills and public speaking ability. Travel / Physical Demands
Travel will be required to visit assets, attend business meetings, training programs, or other situations necessary for the accomplishment of some or all daily responsibilities. Team members work in an office or remote work environment. No special physical demands are required. Additional Compensation
Corporate Positions: In addition to base salary, eligible for quarterly or annual bonus programs based on individual and company performance. Onsite Property Positions: Eligible to participate in weekly, monthly, and/or quarterly bonus programs. Robust Benefits Offered
Competitive medical, dental, vision, disability & life insurance benefits. Employee cost details vary by tenure. Paid time off: 15 days vacation, 4 personal days, 10 sick days, 11 paid holidays; birthday off after 1 year of service; additional vacation accrual with tenure. Onsite housing discount at Greystar-managed communities (subject to availability). 6-week paid sabbatical after 10 years of service (and every 5 years thereafter). 401(k) with company match up to 6% after 6 months of service. Paid parental leave and fertility benefit reimbursement up to $10,000. Employee Assistance Program and additional coverage options. Charitable giving program and other benefits; note that benefits may vary for union and prevailing wage roles due to collective bargaining agreements. Greystar will consider qualified applicants with arrest and conviction records. Seniority level
Associate Employment type
Full-time Job function
Finance and Sales Referrals increase your chances of interviewing at Greystar. Get notified about new Asset Management Specialist jobs in Atlanta, GA.
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The Asset Management Associate drives the execution, development, and implementation of various strategies and programs that enhance financial and operational performance by synthesizing operational results and market data to identify opportunities to drive performance. Key Responsibilities
Conducts financial analysis of multifamily development assets, including the creation of detailed pro‑forma and Excel-based financial models. Gathers, complies, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property-level and market trends. Collaborates on new investment committee memos, financing or disposition recommendations, and updates on existing development assets. Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, regional property management, and other key stakeholders; manages ongoing communications related to development transactions. Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s). Organizes and/or leads the disposition process including broker coordination and due diligence or assets under contract; performs valuation analysis and develops documentation and recommendations based on key findings that may affect the return and financial performance of the asset(s). Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region; establishes timelines and addresses issues that could affect closing. Works with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and support overall asset performance; participates in evaluating rent structures and leasing velocity. Provides support to key business leaders by fielding questions and requests and gathering data and reports. Performs regular monitoring, reporting, and proactive problem solving of assets within the assigned region. Coordinates with consultants related to real estate tax protests. Assists with the preparation of annual business plans, including review of operating budgets, market analysis, real estate tax forecast, and disposition strategy. Completes financial, administrative, and other reports and analyses, and performs other duties as assigned. Acts on group special projects including bi-annual portfolio revaluations and ad hoc reporting requests. Provide peer training for new and existing analysts related to modeling and group reporting requirements. Complete cash needs and distribution analysis as needed. BASIC KNOWLEDGE & QUALIFICATIONS
A bachelor’s or master’s degree in finance, accounting, business, real estate, economics, or a related field from an accredited institution is preferred. Two or more years of experience in real estate finance. Attention to detail and strong creative problem-solving skills. Proficiency in Excel and financial modelling skills. Strong organizational, time-management and project management skills to effectively track, report and manage multiple projects and priorities where meeting deadlines is critical. Excellent interpersonal and relationship-management skills to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and other clients. Professional presentation skills and public speaking ability. Travel / Physical Demands
Travel will be required to visit assets, attend business meetings, training programs, or other situations necessary for the accomplishment of some or all daily responsibilities. Team members work in an office or remote work environment. No special physical demands are required. Additional Compensation
Corporate Positions: In addition to base salary, eligible for quarterly or annual bonus programs based on individual and company performance. Onsite Property Positions: Eligible to participate in weekly, monthly, and/or quarterly bonus programs. Robust Benefits Offered
Competitive medical, dental, vision, disability & life insurance benefits. Employee cost details vary by tenure. Paid time off: 15 days vacation, 4 personal days, 10 sick days, 11 paid holidays; birthday off after 1 year of service; additional vacation accrual with tenure. Onsite housing discount at Greystar-managed communities (subject to availability). 6-week paid sabbatical after 10 years of service (and every 5 years thereafter). 401(k) with company match up to 6% after 6 months of service. Paid parental leave and fertility benefit reimbursement up to $10,000. Employee Assistance Program and additional coverage options. Charitable giving program and other benefits; note that benefits may vary for union and prevailing wage roles due to collective bargaining agreements. Greystar will consider qualified applicants with arrest and conviction records. Seniority level
Associate Employment type
Full-time Job function
Finance and Sales Referrals increase your chances of interviewing at Greystar. Get notified about new Asset Management Specialist jobs in Atlanta, GA.
#J-18808-Ljbffr