What are the responsibilities and job description for the Associate, Asset Management position at Middleburg Communities?
Brief Description
Middleburg seeks an Associate, Asset Management to lead the execution and asset management process for its growing strategic investment program (Co-GP and credit for Multifamily and BTR development). The program is currently responsible for approximately 17 investments in 6 states with over 10 different sponsors. The right individual will help lead the execution and asset management process in this strategy which includes negotiating loan and JVA documents, closing both preferred equity and co-gp transactions whereby Middleburg will lend and invest in other developers or sponsors projects, and leading the asset management of those projects. In this role, there will be routine communication with senior and executive leaders.
Essential Duties and Responsibilities:
Knowledge and Experience:
What we can offer you:
At Middleburg Communities, we share a vision for greater value creation through community impact. Our success is rooted in a genuine desire to serve our local communities in thoughtful and holistic ways. By enhancing the lives of others, we contribute positively to neighborhoods and maximize real returns for our partners.
Middleburg is a fully integrated real estate investment, development, and construction firm focused on rental housing in high-growth markets across the southeastern United States. Since 2004, the company has acquired and developed over 22,000 apartment units, executing approximately $3 billion in transactions, and is one of the most active developers and builders of rental housing in the nation with approximately $1 billion in recurring annual development value.
https://middleburg.com/
Middleburg Communities is an equal-opportunity employer committed to diversity and inclusion. We welcome qualified applicants from a variety of backgrounds inclusive of their race, color, religion, sexual orientation, gender, gender identity, expression or orientation, genetic information, national origin, age, disability, or status as a disabled or Vietnam-era veteran.
Middleburg seeks an Associate, Asset Management to lead the execution and asset management process for its growing strategic investment program (Co-GP and credit for Multifamily and BTR development). The program is currently responsible for approximately 17 investments in 6 states with over 10 different sponsors. The right individual will help lead the execution and asset management process in this strategy which includes negotiating loan and JVA documents, closing both preferred equity and co-gp transactions whereby Middleburg will lend and invest in other developers or sponsors projects, and leading the asset management of those projects. In this role, there will be routine communication with senior and executive leaders.
Essential Duties and Responsibilities:
- Execute closing multifamily and BTR investment opportunities that were sourced by Strategic Investment Team.
- Manage any third-party diligence completed on sponsors and/or projects such as background checks, track record review, environmental, plan & cost review, insurance requirements, etc.
- Coordinate closing process by negotiating loan documents, JVA’s, reviewing closing statements, creating deal specific org charts, finalizing affiliate agreements, insurance certs, etc.
- Oversee the analysts who are performing deal level and partnership level analysis and ensure the analysis is completed in accordance with the underwriting and credit standards.
- Manage the preparation of internal memoranda required to obtain necessary approvals from Investment Committee as required to initiate and close an investment.
- Coordinate with operating partners and internal teams to track financial and operational performance, overseeing project budgets, milestone reporting, and pursuit cost tracking.
- Identifying risks, variances, and opportunities for value creation within the portfolio.
- Supporting reporting obligations to internal and external stakeholders.
- Complete market tours in conjunction with Asset Management responsibilities.
Knowledge and Experience:
- The ideal candidate will have a bachelor’s degree in finance, economics, law or a related field.
- Minimum of 4 years of experience in the Multifamily Real Estate industry.
- Experience with asset management, including financial modeling and performance tracking.
- Strong knowledge of MS Excel, Word, and PowerPoint is required.
- Familiarity with multifamily real estate, legal document negotiation, and multifamily asset management.
- The ideal candidate will have strong interpersonal and analytical skills.
What we can offer you:
- Great benefits- We offer comprehensive health and wellness benefits tailored to meet your needs. Choose from three medical plan options, including a company-funded HSA plan with 100% premium coverage for employees. We also provide subsidized options for additional family members, as well as dental and vision plan choices. Other benefits include paid time off, paid volunteer time, and company-paid holidays, a 401(k) match, employer-paid Life and AD&D insurance, and educational reimbursement to support your growth.
- A job that challenges you- Middleburg strives for excellence in knowledge, service, and integrity. Excellence in knowledge means that Middleburg recruits and trains top-notch Team Members who are experts in their field and who continue to improve their industry knowledge. Team Members work together to provide excellent customer service that exceeds customers' expectations.
- Great Culture- We embrace a culture of responsible leadership at all levels of our organization that encourages initiative to advance our mission and vision. We honor the dignity of all people, embrace differences, value new ideas, demonstrate empathy, and strive to promote a caring and supportive environment for all. Our team is building a better world, one community at a time.
At Middleburg Communities, we share a vision for greater value creation through community impact. Our success is rooted in a genuine desire to serve our local communities in thoughtful and holistic ways. By enhancing the lives of others, we contribute positively to neighborhoods and maximize real returns for our partners.
Middleburg is a fully integrated real estate investment, development, and construction firm focused on rental housing in high-growth markets across the southeastern United States. Since 2004, the company has acquired and developed over 22,000 apartment units, executing approximately $3 billion in transactions, and is one of the most active developers and builders of rental housing in the nation with approximately $1 billion in recurring annual development value.
https://middleburg.com/
Middleburg Communities is an equal-opportunity employer committed to diversity and inclusion. We welcome qualified applicants from a variety of backgrounds inclusive of their race, color, religion, sexual orientation, gender, gender identity, expression or orientation, genetic information, national origin, age, disability, or status as a disabled or Vietnam-era veteran.
