Asset Manager (Commercial Real Estate)

Company Description

Price Brothers, established in 1922, is one of the largest real estate owners in Kansas City, managing over 10,000 apartment units, single-family home subdivisions, as well as retail and office spaces. Renowned for quality, integrity, and innovation, the company develops and manages residential and commercial properties, including luxury living spaces and planned communities. As a family-owned and operated business for three generations, Price Brothers is committed to building and maintaining livable spaces that enhance communities. The company continues to expand its portfolio, focusing on creating environments that people enjoy and fostering long-term customer relationships.

Role Description

The Asset Manager plays a critical role in maximizing the performance, value, and long‑term strategy of a portfolio of multifamily and commercial real estate assets. This position is responsible for conducting in‑depth financial analysis, building detailed property and portfolio models, evaluating investment opportunities, and leading property‑level due diligence. The Asset Manager synthesizes complex data into clear recommendations for senior leadership and works closely with Operations, Property Management, Acquisitions, and Executive Leadership to ensure that asset strategies align with broader organizational goals.

Property Financial Analysis & Due Diligence

• Develop advanced property‑level financial models incorporating multiple underwriting assumptions and investment scenarios
• Gather and input property data including rent rolls, operating expenses, historical financials, building metrics, and zoning/entitlement information
• Analyze building plans, rent rolls, and regulatory constraints to develop stabilized, redevelopment, and value‑add assumptions
• Conduct scenario, break‑even, and sensitivity analyses for acquisition, disposition, and refinancing decisions
• Lead financial due diligence on potential acquisitions and prepare investment memos for executive review

Return Analysis & Deal Evaluation

• Determine leveraged and unleveraged returns, equity returns, IRR, NPV, Return on Cost, and other investment metrics
• Prepare Sources & Uses statements, unit mix analyses, and full pro forma financial models
• Support analysis of refinance, recapitalization, and hold/sell strategies

Market Research

• Conduct detailed market and submarket research, including rent comps, occupancy trends, supply/demand, and competitive positioning
• Monitor economic, demographic, and industry trends that impact asset performance
• Benchmark comparable sales, operating metrics, and market valuations to inform underwriting assumptions

Budgeting, Forecasting & Portfolio Performance

• Support annual budgeting and forecasting processes by collaborating with Property Management, Operations, and senior accounting staff
• Analyze budget‑to‑actual results and provide recommendations to improve operational and financial outcomes
• Monitor asset‑level performance and identify opportunities to enhance NOI through revenue initiatives, operational efficiency, or capital planning

Investment Support

• Assist in the preparation of investment memoranda and presentations for leadership and external stakeholders
• Support transaction due diligence by conducting research, preparing data summaries, and validating assumptions
• Participate in discussions with brokers, property owners, and other partners as part of acquisition or disposition activity

Collaboration & Communication

• Partner with Asset Management, Operations, Legal, Acquisitions, and Executive Teams to ensure asset strategies align with organizational objectives
• Communicate analyses, findings, and recommendations clearly to senior management
• Collaborate across teams to share insights, enhance decision‑making, and support broader portfolio strategy

Our Ideal Candidate

• Demonstrates strong financial modeling abilities and quantitative analysis skills
• Proficient with Microsoft Excel, PowerPoint, and financial modeling tools, with the ability to learn new systems as needed
• Solid understanding of real estate financial concepts, valuation methods, cash‑flow drivers, and portfolio/asset‑level analysis
• Skilled in market, demographic, and comparable‑property research, with the ability to translate findings into accurate underwriting assumptions
• Clear and concise written and verbal communication skills, with the ability to present complex financial concepts to non‑financial stakeholders
• High attention to detail, strong documentation discipline, and consistent accuracy in all work products
• Professional judgment, confidentiality, and integrity when handling sensitive financial or strategic information
• Ability to work independently with minimal supervision, manage shifting priorities, and meet tight deadlines
• Able to interpret and follow written, oral, diagrammatic, or schedule‑based instructions
• Ability to operate in a constant state of alertness and in a safe, responsible manner
• Comfortable working in a fast‑paced, entrepreneurial environment with evolving priorities
• Driving is an essential function of the role; travel between properties or company locations may be required 
• Ability to communicate effectively in English with clients and coworkers (other languages may be used when mutually preferred)
• Knowledge of and adherence to company standard operating procedures, relevant laws, and internal policies

Education (level and type)

• Bachelor's degree or higher in Finance, Real Estate, Economics, or a related field preferred

Required Work Experience

• Minimum number of years: At least 5 years of related experience in real estate financial analysis, modeling and underwriting required

Job Benefits

The company offers an array of outstanding health and wellness benefits starting the first of the month after 30 days of service. Reasonable insurance premiums including medical options, dental, vision, life & disability, FSA dependent care, legal assistance, identity theft and more. Participate in the company’s 401k retirement plan, enjoy paid time off and 10 holidays your birthday! Whether we are cheering on one of our local sports teams, volunteering at a philanthropy or celebrating team milestones, Price Brothers cares about our team members & our community.