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MAA · 11 hours ago

Repositioning Program Manager

Germantown, TN

Full-time

Onsite

Mid, Senior Level

5+ years exp

MAA is a company focused on multifamily properties, and they are seeking a Repositioning Program Manager to oversee and coordinate their property repositioning program. The role involves identifying and managing value-add repositioning opportunities, collaborating with various stakeholders, and ensuring successful capital investment returns through financial monitoring and reporting.

Commercial Real EstateProperty DevelopmentProperty ManagementReal EstateReal Estate InvestmentRetail

Responsibilities

Coordinates the property repositioning program, MAA’s value-add renovation initiative focusing on amenity, common area, and exterior improvements

Underwrites potential repositioning projects through property and market investment analysis utilizing macroeconomic market data, property financials, and comparable property characteristics to help determine optimal portfolio capital investment strategy

Develops financial projections based on a combination of historical performance and future expectations for potential redevelopment targets. Prepares summary investment reports for senior management with investment highlights and recommendations

Monitors MAA markets for understanding of multifamily construction pipeline, rental rate trends, other real estate development (retail, office, single-family, entertainment, etc.), and macroeconomic trends

Prepares and distributes reports (weekly, monthly, and ad-hoc) on key metrics to help produce optimum results for the return on investment

Uses project management tools, including financial and budget management, project scheduling, and documented plans to ensure projects complete on schedule and budget

Collaborates with other departments to ensure required rent returns are being effectively met and support efforts to achieve premiums required for successful ROI

Analyzes issues on a daily and weekly basis to gauge status and identify needed corrections. Proactively identifies and evaluates opportunities to improve performance within redevelopment programs with management

Frequently interacts with property management to verify information to ensure accuracy in reports and to properly support each of the programs for success

Provides advice to supervisors and managers to resolve redevelopment problems

Performs other related duties as assigned to meet the needs of the business

Qualification

Financial modelingReal estate developmentProject managementMicrosoft ExcelMarket analysisSQLYardiAnalytical skillsBusiness acumenCommunication skillsCritical thinking

Required

Bachelor's degree in accounting, finance, real estate or a related field and 5 to 7 years of professional experience in real estate development, asset management, financial planning and analysis required, or an equivalent combination of education and experience

Financial modeling experience (ROI, IRR, payback, cash flow) required

Proficiency with Microsoft Excel and Access applications required