MBK Real Estate Companies · 3 months ago
Senior Director of Asset Management
CA - Irvine: MBK Real Estate
Full-time
Hybrid
Lead/Staff, Director/Executive
5+ years expMBK Real Estate is an industry leader in real estate operations and development, renowned for its exceptional service in senior living communities. They are seeking a Senior Director of Asset Management to maximize the financial performance of real estate assets, oversee property management activities, and lead analytics and marketing efforts within the Industrial Properties team.
Real Estate
Responsibilities
Oversee asset management of the Company’s portfolio of operating assets, maximizing financial returns
Aggressively and proactively review operating results to increase revenue and decrease operating costs
Review and execute on recommended increased operating efficiencies
Guide marketing activities based on budget, market and historical results
Oversee weekly calls with third party leasing and property management teams and update operational status reports
Lead the preparation of annual operating and capital budgets as well as monthly forecasts between property management and other departments
Travel to assets to lead property inspections to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation and any issues that may require additional action
Maintain quarterly/year-end fund level reporting for IRR/equity multiples, debt summary, and performance (as necessary)
Provide benchmarks of asset performance versus competitive properties to executive leadership
Manage the analytics function of MIP, including the delivery of recurring weekly, monthly and annual reporting
Review reporting initiatives for efficiencies and value to the organization
Review and execute contracts, processes, reports, budgets, marketing material, and other related operational information
Participate in the creation of Board of Director slides each quarter and monthly operating reporting
Participate in the monthly operations summary report creation and presentation
Participate with due diligence on acquisitions such as market and rent studies and new investment submittal preparation
Attend industry conferences for market updates and vendor connections
Provide a high level of transparency to executive management and exhibit collaboration with all executives and staff within MBK Real Estate
Manage and develop a top performing team of professionals
Other duties as assigned
Qualification
Required
Bachelor's degree required; MBA preferred
5-7 years of real estate experience with a focus on oversight of financial performance, property operations and development of new assets
Experience in real estate markets throughout the Western U.S. and Texas
Knowledge and experience of financial proformas, due diligence, costs and management of apartment projects
Experience creating proforma assumptions and performing due diligence investigations, including market rent studies, other revenue and expense assumptions, purchase agreements, coordinating physical investigations and closing escrow
Experience overseeing the purchase and disposition of commercial real estate and property management
Strong financial planning skills, especially related to debt and joint venture relationships
Ability to maintain a positive reputation and an intimate knowledge of market conditions
Possess strong negotiating skills, business ethics and relationship management
Effective and proven leader and team manager
Understand the importance of creating and implementing business strategies
Microsoft Suite competency
Computer skills include Excel, Word, Internet Explorer and Google Earth
Positive attitude and flexible personality
Must be mobile and able to perform the physical requirements of the job, bending, kneeling, stooping, pushing, pulling and repetitive motion
Ability to sit and work at a computer for long periods of time
Able to move intermittently throughout the workday and between divisions
Ability to lift/carry up to 30 lbs. and push up to 20lbs. as necessary
Some travel required
Preferred
MBA preferred
Benefits
Competitive salaries with opportunities for growth
401(k) retirement plan with up to 4% employer matching
Comprehensive industry leading medical, dental and vision insurance
Company-provided life, disability and AD&D insurance
Flexible spending accounts
Generous paid time off including vacation and sick time, holidays, and bereavement leave
Variety of programs including leadership development, training, and personal coaching
Education loan assistance and scholarships
Daily living, financial and legal services
Childcare and eldercare assistance
Employee discounts
Health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members
Company
MBK Real Estate Companies
MBK Real Estate Companies (MBK) is a leading developer and investor in senior living communities, multi-family residential and industrial real estate.
1001-5000 employees
H1B Sponsorship
MBK Real Estate Companies has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2024 (1)
2021 (1)
Funding
Current Stage
Late StageLeadership Team
Ed Stokx
CFO/CAO
Anita Hsu
Senior Vice President, Chief Legal Officer at MBK Real Estate Companies
Company data provided by crunchbase