Highlands Vista Group
Job Summary:
The Asset Manager will oversee a portfolio of multifamily properties in the Midwest region and hold responsibility for the execution of property specific asset business plans. The Manager will also be responsible for acquisition activity in a geographic region which includes sourcing and closing deals. This position will report to the Senior asset manager for the Midwest.
Key Responsibilities: • Develop business plan for each property and provide oversight on operations and capital expenditures to meet or exceed business plans • Identify properties as candidates for refinancing or sale • Negotiate vendor agreements for onsite capital work and recurring property services • Analyze and monitor monthly financial performance of properties including comparisons to underwrite and budget • Examine property cash flow and cash position to recommend the amount of quarterly investor distributions • Oversee annual operating budget process and approval • Identify trends and issues and make recommendations to increase income or capture cost savings • Conduct quarterly site visits to meet with onsite staff, discuss operations, examine property condition, and review recent and upcoming capital work • Draft quarterly reports to investors to detail distribution amounts and property operations • Maintain a pipeline of properties in a specific region and provide weekly updates to management on potential acquisitions • Establish and develop a network of relationships with brokers and owners to increase deal flow • Present acquisition opportunities internally to HVG team members • Submit letters of intent on opportunities • Negotiate purchase and sale agreement • Create investor offering memorandums to assist in the capital raising process • Oversee due diligence process for new property acquisitions including unit walks, capital scope, asset business plan creation, and market research • Work property closings including communication with seller, title company, and property management
Desired Skills, Experience, and Qualifications: • 5+ years of multifamily experience across acquisitions, asset management, and dispositions • Bachelor’s degree in Finance, Accounting, Economics, Real Estate, or other business-related fields • Excellent analytical and quantitative skills • Exceptional attention to detail • Strong problem-solving skills • Highly organized with the ability to prioritize multiple projects • Self-starter comfortable working in an environment with evolving roles and responsibilities • Strong communication skills with the ability to interact with various internal and external parties • High proficiency in Microsoft Excel, PowerPoint, and Word • Ability to travel overnight up to 2-3 times per month
Key Responsibilities: • Develop business plan for each property and provide oversight on operations and capital expenditures to meet or exceed business plans • Identify properties as candidates for refinancing or sale • Negotiate vendor agreements for onsite capital work and recurring property services • Analyze and monitor monthly financial performance of properties including comparisons to underwrite and budget • Examine property cash flow and cash position to recommend the amount of quarterly investor distributions • Oversee annual operating budget process and approval • Identify trends and issues and make recommendations to increase income or capture cost savings • Conduct quarterly site visits to meet with onsite staff, discuss operations, examine property condition, and review recent and upcoming capital work • Draft quarterly reports to investors to detail distribution amounts and property operations • Maintain a pipeline of properties in a specific region and provide weekly updates to management on potential acquisitions • Establish and develop a network of relationships with brokers and owners to increase deal flow • Present acquisition opportunities internally to HVG team members • Submit letters of intent on opportunities • Negotiate purchase and sale agreement • Create investor offering memorandums to assist in the capital raising process • Oversee due diligence process for new property acquisitions including unit walks, capital scope, asset business plan creation, and market research • Work property closings including communication with seller, title company, and property management
Desired Skills, Experience, and Qualifications: • 5+ years of multifamily experience across acquisitions, asset management, and dispositions • Bachelor’s degree in Finance, Accounting, Economics, Real Estate, or other business-related fields • Excellent analytical and quantitative skills • Exceptional attention to detail • Strong problem-solving skills • Highly organized with the ability to prioritize multiple projects • Self-starter comfortable working in an environment with evolving roles and responsibilities • Strong communication skills with the ability to interact with various internal and external parties • High proficiency in Microsoft Excel, PowerPoint, and Word • Ability to travel overnight up to 2-3 times per month