DLP Capital · 5 hours ago

Asset Manager

Houston, TX

Full-time

Onsite

Mid Level

3+ years exp

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Responsibilities

Work with property managers to develop a written, defined Success Action Plan for prompt turnaround of underperforming assets within assigned portfolios.

Have an in-depth understanding of competitors within our target markets. Utilize this knowledge to drive performance of the properties within the assigned portfolio.

Conduct regular property visits to ensure compliance with business plan, industry best practices, and to assess the general operational and capital needs of the property.

Review and gain understanding of legal documents such as loan agreements, guarantees, and promissory notes, and coordinate with the borrower and respective staff to ensure the loans remain in compliance.

Perform financial analysis of properties including operating statements, budget variance review, loan administration, lease analysis, and any other relevant reporting or documentation.

Work closely with internal and external property management teams to review, approve, build and manage capital expenditures budgets for assets

Stay abreast of business and market trends and provide recommendations for expense savings and income opportunities.

Research and recommend innovative strategies and technologies that can drive performance and value to the portfolio.

Work with joint venture partners, construction management, property management and accounting teams to ensure effective management of lender / construction draws, reserves and lender holdbacks within the assigned portfolio.

Assess performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Analyze data and present actionable recommendations to senior leadership on a monthly and quarterly basis, driving performance relative to the original underwriting strategies or business plans.

Hold third party property management companies accountable to business strategy and achievement of budget expectations through weekly performance update meetings, monthly reporting and ongoing communication

Provide accurate, thorough and well articulated timely investor reporting each month

Maintain business relationships with general partners/developers, management agents, lenders, contractors, and third-party consultants as it relates to the flow of relevant and timely asset related communication

Monitor investment and property performance to preserve & increase the value of the investment throughout the asset life

Work with internal and external property management teams to drive asset performance in accordance with the approved budget and business plan

Qualification

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Multifamily operationsAsset managementFinancial analysisInvestment partner relationsProperty performance monitoringBudget managementCapital improvement programsMarket trend analysisLegal document review