What are the responsibilities and job description for the Director, Asset Management position at Opportunities?
Trammell Crow Residential (TCR) is a leading multifamily real estate developer with a local presence in 16 key U.S. markets. Over 45 years, TCR has built more than 285,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $30 billion of assets under management, and an established platform with a vision for continued success. For more information, please visit www.crowholdings.com.
Position Summary
Trammell Crow Residential is seeking an experienced Director, Asset Management to oversee the strategic asset management processes for the Company’s stabilized multifamily assets in Southern California. This individual will interface/coordinate with TCR’s asset management, development and construction teams, as well as 3rd party property management providers.
Primary Responsibilities
- Manages third party property management companies to ensure optimization of rents and expenses at the property
- Monitors property performance including marketing, leasing, and management activities to ensure the property is operating in line with forecasts
- Reports key metrics, trends and variances to previous forecasts and implements proactive strategies to resolve operational, financial, and compliance problems
- Visits properties on a frequent basis. Regularly walk vacancies and common areas to ensure properties condition, appearance and marketability; approximately 40% travel required
- Participates in asset budgeting and portfolio review processes, identifies capital project for properties, and develops operating benchmarks to monitor costs
- Supports the pursuit / underwriting process by developing rent and expense assumptions from analysis of internal and external competitive properties
- Underwrites property strategy and participates in selling, re-financing, organizing, and operating of the company's real estate investments
- Monitors asset for legal compliance and works with risk management to address concerns
- Participate in bi-annual asset management reviews and strategy meetings; preparation of summaries for each asset
- Participates in design development, including preparing and administering marketing/start-up budgets
Desired Skills & Experience
- Bachelor’s degree in finance, business, or related field, or equivalent experience is required
- 3 to 5 years of experience in property / asset management or related field preferred
- Previous real estate experience required, preferably with multifamily asset management or property management organization
- Experience with leasing and management of multifamily project related retail tenants
- Exceptional judgment and decision making skills plus demonstrable asset management technical skills
- Effective interpersonal skills with the ability to develop and foster internal and external relationships with business partners
- Thorough knowledge of financial concepts, with the ability to perform detailed financial analysis
- Ability to create, build and implement strategic business plans for each asset
- Ability to use entrepreneurial skills to identify areas of value creation.
- Proficient in Microsoft Excel, Outlook, Word and Yardi.
- Ability to communicate clearly with people of various backgrounds and experience levels both internally and externally
- Current experience in the SoCal market required; this is a fully in office role in Carlsbad, CA
Salary : $30