Wood Advisors · 17 hours ago
Real Estate Asset Manager
Greenville, SC
Full-time
Onsite
Mid, Senior LevelWood Advisors is a leader in institutional management of private investment capital, managing a diverse portfolio of assets valued at over $2 billion. The Real Estate Asset Manager will oversee a portfolio of multifamily, industrial, and office assets, ensuring performance targets are met and collaborating with third-party property managers.
Staffing & Recruiting
Responsibilities
Serve as chief point of contact with third-party property managers in delivering on the performance targets of each asset. In multifamily, this may take the form of liaising with the joint venture partner in their direct oversight of a third-party manager
Review monthly property financials and operating reports for performance against plan and original underwriting. Utilize benchmarking across the portfolio to identify operational anomalies and recommend changes where needed to meet operational goals. Report monthly on asset performance, updating senior management on progress on key initiatives (corrective or otherwise)
NNN lease portfolio (industrial, one office building, minor retail within multifamily) – Become knowledge-bearer of key lease terms, including tenant expense recovery methods, and ensure third-party managers are carrying out landlord’s responsibilities effectively and actively monitoring tenant compliance with lease obligations
Capital event transactions (dispositions, refinancings) – Ensure the accurate, complete, and timely delivery of key information to interested parties (buyers, lenders, brokers)
Compile, analyze and present portfolio-wide metrics relating to both financial performance and other metrics such as lease expirations, debt maturities, major tenant exposures. Compile and regularly track occupancy, pricing, and retention across the multifamily portfolio (including assets not under direct purview) and work with the MD/VP in developing action places to improve performance
Ensure third party managers are following best practices in carrying out major maintenance and improvement projects at the property. For example, scope development, vendor selection, and bid leveling
Budgeting and Forecasting – Along with MD/VP, set annual target expectations with third-party managers, assess capital improvement needs, review submitted budgets, and present key notes to MD/VP. Reforecast the annual performance outlook quarterly and explain departures from budget and future actions
Work with Real Estate Accounting Manager in monitoring collections, stay abreast of delinquency drivers, and implement courses of resolution
Monitor property tax assessments and related key dates including appeal deadlines. Engage with local consultants and follow decisioning protocols for appeal actions
Build Excel models and related sensitivity analyses to evaluate property and partner level returns based on performance to date, anticipated future performance, and exit scenarios as needed for hold/sell decisioning, the company’s strategic planning, and general re-underwriting of the portfolio
Participate in the annual valuation of the portfolio including market research on trade activity and cap rates
Qualification
Required
Bachelor's degree in finance or accounting or related field; concentration in real estate a plus
Relevant experience in real estate asset management, investment analysis, or portfolio management in private equity
Proven ability to read and draw conclusions from financial reports and other data
Ability to define problems, research and establish facts, and outline draft solutions for discussion
Experience preparing, reviewing, and approving budgets; general understanding of generally accepted accounting principles (GAAP) to analyze financial information
Demonstrable competence in creating property level cash flow models in Excel. An Excel test will be required, and work samples requested
Exceptional written, verbal, and financial analysis skills
Ability to work on a wide variety of assignments concurrently, self-direct and prioritize, and work flexible hours to meet project deadlines
Strong communication and organizational skills
Accuracy and attention to detail is critical
Demonstrated proficiency in Excel and PowerPoint
Ability to produce top quality presentation materials (MS Word, Excel, PowerPoint)
Strong work ethic and strong drive commensurate with in-place high-caliber team
Preferred
MBA, CPA, and/or CFA is a strong positive, but not required
multifamily and NNN lease experience preferred
Power BI experience a plus
Company
Wood Advisors
With decades of executive search experience in the real estate industry, we know great placements are rooted in great partnerships.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase