Job: Multifamily Property Asset Manager

Title Multifamily Property Asset Manager
Salary DOE
Location Salt Lake City, UT
Job Information

Description:

Responsible for the overall performance of the multifamily residential asset property portfolio. Responsible for setting and implementing financial, business, and management strategies/tactics for all physical real estate multifamily assets inside Utah. Maintains the objective of maximizing the value of the assets. Oversees a team of property managers and responsible for financing decisions, leasing programs, disposition activities, capital improvement programs, asset management plans, property management review, and owner communications.

Responsibilities:

  • Oversee team of property managers to ensure real estate assets are consistent with overall objectives
  • Develop annual asset business plans, operating/capital budgets to achieve investment strategies
  • Recommend higher utilization of assets and methods to increase overall return, including possible sales
  • Prepare accurate valuations, market/accounting analyses to support business plans/budgets
  • Select, direct, and evaluate property managers, leasing agents, and other third-party service providers to achieve goals established in the investment strategy
  • Maintain a reliable asset-level information system as it relates to the central filing system, various contracts, management reports, analyses, and other documents or materials pertaining to the asset
  • Advise property managers on securing resident, analyzing and negotiating leases or transactions, and quickly resolving day-to-day management problems
  • Conduct periodic on-site property inspections

Qualifications:

  • Bachelor’s degree in business management, finance, economics, or related field required
  • MBA/MRED or other master’s degree preferred
  • 10+ years multifamily residential asset management experience required
  • Ability to make effective decisions in response to changes in real estate markets
  • Strong analytical skills and sound understanding of time-value-of-money concepts
  • Excellent working knowledge of real estate finance, economics, market analysis, financial statements, and applicable markets
  • Strong communication skills, both oral and written
  • Solid real estate judgement and strong quantitative analysis skills
  • CCIM or CFA certification a plus
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