Asset Manager (Multifamily Agency CRE)

Asset Manager (Multifamily CRE) – Miami

Our client is a well-established REIT that spans the US. They are currently seeking an experienced Asset Manager to join their team in Miami.

• Title: VP or AVP
• 5 days in Miami office (potentially 4 days in over time)

Qualifications:

• Ideally seeking minimum of 4-6 years of experience in Real Estate with an emphasis on risk/financial analysis, valuations, relationship management, workouts, capital markets and Asset Management
• Previous experience handling Multifamily GSE/Agency (Fannie/Freddie) assets is required
• Will be focused on stabilized as well as turnaround/REO assets as well
• Candidates with REO/workout is exposure is a plus, but not necessarily required

Responsibilities:

• Conduct market research to determine various factors impacting property level performance.
• Oversee borrower implementation of business plan(s) associated with a variety of real estate-related assets, including mezzanine and bridge loans, REO properties and preferred equity positions.
• Prepare quarterly reports, valuations, and risk ratings.
• Perform financial analysis of properties including operating statements, budget and variance review, loan administration and borrower support, workout and foreclosure analysis, lease analysis, appraisal and engineering report reviews, etc.
• Assess loan risk within the portfolio and make recommendations to senior management to mitigate the risk.
• Perform quarterly property level valuations in order to value the asset.
• Work closely with senior management in analyzing strategies for workouts, foreclosures, acquisitions and dispositions.
• Review and interpret legal documents, such as loan agreements, guarantees, and promissory notes, and coordinate with borrower and respective staff to ensure the loans remain in compliance.
• Monitor capital improvement projects to ensure timely completion within budgets.