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Veritas Partners · 2 days ago

Asset Manager (Commercial Real Estate – Multifamily)

Atlanta Metro

Full-time

Onsite

Mid, Senior Level

$140K/yr - $175K/yr

4+ years exp

Veritas Partners is a well-established commercial real estate firm that spans the US. They are currently seeking an experienced Asset Manager to join their team in Atlanta, focusing on multifamily assets and financial analysis.

Human ResourcesRecruitingStaffing Agency

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

Qualification

Real Estate ExperienceRisk AnalysisFinancial AnalysisValuationsMultifamily AssetsRelationship ManagementREO/Workout Exposure

Required

Ideally seeking minimum of 4+ 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