Timberlane Partners · 1 hour ago
Senior Asset Manager
Seattle, WA
Full-time
Hybrid
Senior Level, Lead/Staff
$150K/yr - $175K/yr
8+ years expTimberlane Partners is a Seattle-based real estate investment, development, and asset management company specializing in multifamily real estate. They are looking for a Senior Asset Manager to oversee multiple assets, support asset management processes, and collaborate with various teams to ensure effective execution of business plans.
FinanceFinancial ServicesReal Estate
Responsibilities
Directly responsible for overseeing 6-10 multi-family assets
Skilled at partnering with property management to execute business plan and leasing strategy
Build financial models of existing assets: cashflow projections, disposition analysis, etc. Strong understanding of IRR calcs, waterfalls, etc
Support quarterly UW re-forecast model update process
Mentor Asset Managers with some direct reports long-term
Review annual operating budgets and monthly financial statements to ensure income and expenses are in-line with expectations and identify areas of opportunity
Present to company leadership, capital partners/investors, and other partners on asset performance
Partner with Construction Services and GCs to ensure value-add projects stay on-budget and on-time
Perform on-site visits with property management
Support quarterly investor reporting
Effectively communicate and collaborate with the accounting, acquisitions, and development teams to achieve cohesive business plan execution
Track market conditions and marketing efforts to help inform strategic planning
Assist as needed on reviewing loan docs, operating agreements, etc
Plus: Strong understanding of debt. Opportunity to work closely with Managing Director, Portfolio Management on re-finances, re-capitalizations, and dispositions
Plus: Experience in overseeing Retail Real Estate
Qualification
Required
8 or more years of commercial real estate related work with emphasis in multi-family
Direct experience reviewing operating budgets, rent rolls, underwriting models, etc
Bachelor's degree in finance, real estate, or commensurate relevant work experience
Deep understanding of commercial real estate finance and property operations
Advanced knowledge of Microsoft Excel and other MS Office programs
Preferred
Graduate degree preferred
Strong understanding of debt
Experience in overseeing Retail Real Estate
Knowledge of construction and/or overseeing value-add multi-family projects is a plus
Knowledge of hotels is a plus but not essential
Benefits
Employer-paid premiums for medical, dental, and vision coverage
Health Care and Dependent Care Flexible Spending Accounts
Employer-paid life insurance
Long-term disability insurance
Employee Assistance Program
401(k) plan with employer-matched of up to 4%: 100% of the first 3% contributed, 50% of the next 2%
20 days of paid time off (PTO)
10 paid holidays
Professional development opportunities
Company
Timberlane Partners
Timberlane Partners is a real estate investment company focusing on multi-family, retail, and office renovation and development.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Russell Benaroya
Chief Operating Officer
Jake Leibsohn
Partner
Recent News
2025-04-02
Puget Sound Business Journal
2025-03-26
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2024-12-18
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