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Avenue Living · 1 day ago

Director, US Asset Management

Texas, United States

Full-time

Onsite

Mid, Senior Level

5+ years exp

Avenue Living Asset Management is dedicated to sourcing, analyzing, and strategizing long-term investments. The Director of US Asset Management will lead the execution of business plans and budgets for multi-family properties, drive operational excellence, and manage compliance with debt providers.

Asset ManagementCommercial Real EstateFinanceFinancial ServicesProperty ManagementReal Estate

Hiring Manager

Hannah Consitt

Responsibilities

Participates in formulating the annual business plan for the assigned multi-family properties by establishing revenue, expense, NOI and other key financial and operating targets, developing the annual capital and operating budgets, and formulating strategies that drive operations and financial performance of the portfolio

Leads execution of annual business plans and budgets, rate plans and compensation structures for each asset

Reviews, monitors, and reports on portfolio performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly portfolio/performance reports

Works with the capital projects team to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion

Supports capital projects team with development of procedures to ensure renovation premiums are achieved and recorded

Leads and executes the implementation of revenue-enhancing and expense containment's programs and initiatives at the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities

Informs and develops best practices and continuously reviews existing processes

Oversees 3rd party vendor reviews and prop tech rollouts

Communicates with and closely interacts with the third-party property management firms to monitor the daily operation of the portfolio

Directs and schedules routine site visits and inspections, within the asset management team and the 3rd party property management firms

Reviews weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio

Underwrites select investment opportunities alongside the Director, Investments and leads due diligence process, monitors pertinent dates, and makes recommendations on portfolio development inside and outside of established markets

Manages and oversees compliance with the established debt providers, develops and provides reports to the investment principals

Direct and develop gathering of market, economic, and capital trends and factors impacting the performance of the multi-family portfolio, prepares and delivers presentations and updates to investment principals

Other duties as required