Asset Manager

Our ideal team member will be responsible for Asset Managing Multifamily Assets:

Monitor a growing portfolio of multi-family properties located in the Southeastern United States
Oversee, report on and enhance property operations with a goal of:
Accurately and systematically reporting clearly and concisely property performance against a variety of goals
Increasing performance against those goals, and,
Protecting and ensuring the long-term viability of assets
Analyze property assets, recommend and implement improvement strategies to maximize operational performance of the portfolio

Travel: Approximately 35%. Must have a valid drivers’ license.

Essential Duties & Responsibilities:

Under the direction of the VP – Director of Asset Management, oversee the operations of the company’s investment properties
Create, solicit input, then distribute quarterly performance reports to investors
Review and monitor monthly operational reports and evaluate property performance:
Summarize operations for review by principals
Highlight property performance vs. goals
For adverse issues
Investigate issues by interacting with the management company
Document explanation from management company
Solicit/create plan(s) for remediation, including cost and schedule, and build a consensus plan with the management company and MACP
Document and report on progress towards goal
Highlight/expose patterns around adverse issues

· Maintain database of critical information for each deal (loan terms, ownership structure, required repairs, reserve balances, capital flow etc.) and track key items and dates

· Create and maintain investor return scenarios per asset in relation to distributions, refinancing, sale

· Create, implement, and maintain a communication policy for investors and partners involving direct interaction and social media

Oversee our compliance with lender and insurance operational and deferred maintenance requirements

· Assist in deal closings including soliciting 3^rd party reports, receiving and organizing reports and data, and related tasks

· Assist with organizing and backfilling information on older transactions

· For new construction or acquisitions with value-add improvements:

o Maintain schedule and cost budget

o Provide weekly updates on progress

o Highlight delays or concerns

Research and understand driving forces in individual property markets, recognizing when trends might be working with or against our investments
Provides support and analysis to our management partners with the goal of increasing profitability and reducing risk
Identify partnerships that require Watchlist status and develop strategies to address all issues

· Travel periodically, but no less frequently than quarterly, to each property for general observation of condition, meeting with property management staff, reinforcing performance goals

Assist in maintaining and updating company’s profile on social media
Performs other duties and responsibilities as assigned

Qualifications

Knowledge and Skills:

Knowledge of:

Institutional asset management
Advanced concepts, principles and practices of multi-family real estate/housing operations, including property inspections, property management and property maintenance
Knowledge of real estate finance.
Knowledge of institutional investment strategies and partnership structures
Accounting principles.

Skill in:

Strong analytical skills & financial acumen
Use of MS Office products
Document Management technology
Communication, both orally and written
Follow-up to ensure resolution and completion of tasks
Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheets

Educational/Previous Experience Requirements:

Bachelor’s Degree (B.A.) in related field and a minimum of five (5) years of multi-family asset management experience

~or~

Any equivalent combination of experience, education, and/or training.

Morrison Avenue Capital Partners

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