Security Properties Residential · 12 hours ago
Asset Manager, Asset Management
Seattle, WA, USA
Full-time
Onsite
Senior Level
$150K/yr - $160K/yr
5+ years expSecurity Properties Residential is a leading company in multifamily real estate investment with a significant portfolio value. They are seeking an Asset Manager to oversee the financial performance of their property portfolio, ensuring it meets investment goals and managing renovation projects.
Real Estate
Responsibilities
Monitor and evaluate financial operating results within assigned portfolio
Complete monthly review of financials and narratives, review weekly project data including leasing reports, traffic reports, and delinquencies
Ensure that each asset meets acquisition proforma objectives, capital improvement deadlines, and investor goals as the property is transitioned into Security Properties’ stabilized portfolio
Work collaboratively with property management on budgets, staffing, capital improvements, and other programs. Identify challenges and execute timely and effective solutions
Lead the renovation planning/execution of assets within the portfolio, including the development of targeted rent levels, the appropriate scope of work, operational plans and execution strategies/tactics
Troubleshoot execution challenges, including leasing issues, rent performance, excess turn times, etc
Make regular visits to assigned market to maintain a strong presence with Regional Managers, local brokers and investors in each city. Review curb appeal, status of capital improvement projects, model inspections, expense approvals, and personnel issues
Work closely with Regional Managers to ensure the right people are assigned to each asset and make recommendations for changes, as needed, on a timely basis
Manage the annual budget review and approval process for the assigned portfolio
Establish long-term and short-term initiatives to maximize investment returns. Evaluate property performance to assist in strategic business planning
Develop and enforce benchmarks, guidelines, and policies
Oversee tax appeal issues and maintain regulatory and lender compliance
Oversee accurate and regular reporting to groups of executives, investors, lenders, and partners
Cultivate positive relationships with investors by responding to questions in a timely manner and leading periodic site tours
Provide support for due diligence and acquisitions, including underwriting, advising on project proforma, creating initial operating budgets
Qualification
Required
Minimum of 5 years of experience in relevant multifamily redevelopment, asset management, or property management
Strong knowledge of one of the Western Region real estate markets, ideally Seattle, or another market with similar rental dynamics
Demonstrated experience managing a portfolio of at least 2,500 apartment units
Ability to thrive in a rapidly growing, dynamic, and collaborative environment
Strong analytical and problem-solving skills, with demonstrated track record of providing creative and innovative solutions to real-time challenges
Intuitive and detailed sense of the dynamics, risks, and structured financings of each transaction
Proficiency with Word and Excel
Strong presentation, negotiation and communication skills
Sound decision making ability with the experience to balance consensus against authority as appropriate
Excellent organizational and time management skills
Manage multiple projects involving time sensitive, detail-oriented work, consistently meeting deadlines amid changing priorities
The ability to travel to assigned markets as needed (currently estimated to be 3-4 days/month)
Preferred
Background in multifamily residential property management or asset manager, strongly preferred
Benefits
401(k) matching
Tuition Reimbursement
Medical, Dental, and Vision coverage
Bonus opportunities
Company
Security Properties Residential
Security Properties Residential is the affiliated full-service property management firm of Security Properties, created to increase the value of its real estate holdings by more closely managing its assets.
501-1000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase