Marquette Management ยท 1 day ago
Real Estate Asset Manager
Chicago, IL
Full-time
Hybrid
Mid Level
$120K/yr - $150K/yr
3+ years expMarquette Management is a medium-sized full-service Real Estate Company focusing on private and institutional investment. The Asset Manager will be responsible for maximizing value through investment strategy, financial forecasts, and managing real estate portfolios, while also mentoring team members.
Real Estate
Responsibilities
Establish and execute strategies for each company asset; set operating performance objectives to achieve established goals and report results to senior management, capital partners and clients
Oversee daily rental rate pricing and lease renewal strategies working closely with property management team, pricing managers, capital partners and clients. Approve property management revenue strategy and objectives and oversee implementation by the property management team
Identify, evaluate and oversee repositioning opportunities for portfolio assets. Monitor market trends for opportunities to add value through renovations or operational efficiencies. Supervise the implementation of such opportunities to ensure ROI expectations are being accomplished
Assess capital expenditures by property and develop a long-term capital needs plan that corresponds to the stated goals and objectives
Assess unit renovation programs by property and develop plan that corresponds to the stated goals and objectives
Review and evaluate economic, demographic, and Real Estate market data and research to determine if key assumptions supported or whether strategy adjustments needed
Oversee preparation of and review monthly financial reports to senior management, Capital Partners and Clients
Lead annual capital and operation budget process for assigned properties
Prepare internal and external presentations
Review and challenge return performance of individual investments against original underwriting
Conduct quarterly property inspections to assess operating performance, market conditions and capital needs
Direct and review analyses for potential dispositions
Manage coordination of disposition due diligence with property management, brokers and third parties
Assist in the performance of physical and financial due diligence for potential acquisitions
Review, analyze and challenge investment underwriting and assumptions for all acquisitions
Assist in the preparation transaction memos for approval by Investment Committee
Manage transition of assets from acquisitions to asset management and property management
Support financing activities
Support development activities
Qualification
Required
3+ years of experience in Real Estate asset management
Multi-family experience
Strong analytical capabilities and understanding of Real Estate debt and equity
Excellent communication skills, both written and verbal
Strong research and presentation skills
Well organized with attention to detail and accuracy
Problem-solver and learner seeking to contribute to areas beyond direct scope of responsibility
Capable of multi-tasking and prioritizing across various projects and deadlines
Independent and self-motivated, but able to function well in a collaborative environment
Understanding of Real Estate documentation pertaining to ownership structures, legal contracts, accounting and property operations
Analyzes problems and makes sound decisions in a timely manner based on objectives, risks, implications and costs
Ability to work well with senior management, staff and partners
Preferred
Bachelor's degree in business administration, finance, accounting, economics, or real estate from an accredited institution
Direct asset/portfolio oversight
Benefits
Health, dental, and vision insurance
401(k) with company match
Paid time off
Company
Marquette Management
Marquette Management is a real estate company offering apartments in Illinois, Indiana, Michigan, Minnesota, and Texas.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase