Shine Associates, LLC · 4 days ago
Portfolio Manager
Atlanta Metro
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expShine Associates, LLC is searching for a Portfolio Manager on behalf of a privately-held real estate company. The role involves launching and managing multifamily funds, overseeing fund operations, and collaborating with various internal teams to drive fund performance.
Real Estate
Responsibilities
Direct and work with the Portfolio and Asset Management teams on the oversight of the fund’s portfolio of multifamily properties with responsibility for overall performance
Oversee and monitor the performance of the fund’s value added strategies and opportunities
Work with the Senior Vice President, Chief Strategy Officer and CIO to evaluate and select markets and submarkets in which to target acquisitions and dispositions
Direct and collaborate closely with the Acquisitions team on potential new investments for the fund
Evaluate the performance of the portfolio against pro forma, internal business plans and industry benchmarks such as NCREIF and REITs
Work with Capital Raising team and Senior Vice President as relationship manager and primary contact for prospective and existing investor(s)
Responsible for supervising the creation of the fund’s reporting and communication materials including pitchbooks, the Quarterly Letter and Annual Meeting presentation
Assess capital market conditions and real estate markets to develop an appropriate annual business strategy for the fund. Formulate the fund’s Annual Investment Plan and property level operating and capital budgets and business and strategic plans
Coordinate with Debt Capital Markets on the financing/leverage strategies for the portfolio
Manage the fund’s quarterly and annual reporting processes in conjunction with Accounting and Investor Relations teams
Work with the Chief Compliance Officer to oversee compliance with the fund’s operating agreement
Provide oversight of the fund’s external valuation process on a quarterly basis. Engage and oversee the third party appraisal manager and coordinate the review of the appraisals internally
Active participant in the fund’s Investment, Allocation and Appraisal Committee meetings
Work with Asset Management to develop hold/sell analyses and annual business plans, determine cost/benefit of major capital improvement projects and handle various asset management issues
Ultimate oversight of major renovation programs for multifamily properties
Ultimate oversight of the disposition and marketing of assets designated for sale; including the selection and coordination of investment sales brokers in the marketing process and negotiation of the purchase agreement and closing documents
Work with Property Management and Asset Management to establish the investment strategy and business plan for each asset in the portfolio with the objectives of maximizing property income, cash flow, and long-term value. Forecast income and expense projections, capital requirements, risk-return analysis, and hold/sell recommendations
Represent Company in the marketplace at industry events, conferences and ad hoc meetings
Understand current and future trends in demographics, job growth, economic drivers, product supply as well as other market forces. Visit and review properties, regularly tour competing projects and document changes as appropriate
Network within the real estate community to support the successful execution of the Company’s long-term business plan.Essential contacts to be established and maintained include competitors, brokers, management companies, limited partners, placement agents, developers, potential sellers, and data providers
Supervise and train staff members. Assign duties for responsibilities within the portfolio to team members and provide mentoring and career guidance to team
Qualification
Required
Master's degree (M. A.) or equivalent; or ten to fifteen years related experience and/or training; or equivalent combination of education and experience
Benefits
Bonus
Other benefits
Company
Shine Associates, LLC
Shine Associates, LLC is a Boston based consulting and executive search firm that provides its clients in the commercial real estate industry with services at a national level.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase