Our client, a well-capitalized Multifamily private equity firm in Phoenix, are seeking a Director of Asset Management as they continue to expand their Arizona portfolio. Reporting directly into the managing partners, the Director will lead the entire portfolio, currently valued at $400M AUM.
THE OPPORTUNITYThe Director will entail direct oversight, implementation, and execution of business plans for multifamily assets located throughout the state of Arizona. This position will become a critical part of the team and work directly with the principals of the company along with 3rd party management and assume various significant responsibilities.
Role Responsibilities

• Act as a liaison between company principals, property management both on site and off site, project oversight to ensure all are working in unison to execute business plans for each property.
• Monitor and oversight of each property’s business plan’s progress and proactively identify and address potential issues, potential opportunities for improvement, staffing, marketing, capital expenditures, and manage timelines efficiently.
• Collaborate with company principals to establish key performance indicators for liquidity events such dispositions, refinances, and supplemental loans.
• Working directly with 3rd party management’s regional, onsite, and construction managers on property performance, budgets, and projects.
• Reviewing and approving annual budgets for each property in the portfolio.
• Be an active participant in weekly asset management calls/meetings which include review of financials, occupancy, renewals, and ongoing projects.
• Assisting with writing quarterly investor updates.
• Performing and coordinating tours with capital partners as needed.
• Help perform due diligence on for new acquisitions, refinances, and sales for the portfolio.
• Help facilitate post-acquisition transition into the portfolio.
• Performing monthly site visits to each property.
• Evaluate building presentation.
• Evaluate staff and making suggestions for staffing changes.
• Monitor construction or special projects progress to ensure timing, budget, and overall goals are met.
• Perform monthly rent comparables analysis for the portfolio.
• Track market fundamentals (Development pipeline, absorption, vacancy, rent growth etc.) to identify both potential issues and opportunities for further portfolio expansion.

Requirements

• 4-year college degree; BS/BA.
• 4-10 years of Multifamily Asset Management experience.
• Strong financial acumen.

ON OFFER

• Generous base salary.
• Annual bonus.
• Casual dress code.
• Upward mobility and direct access to leadership.