Hybrid VP, Asset Management

at Griffin Capital Company, LLC

• Job title: VP, Asset Management
• Job type: Full Time
• Experience level: Lead
• Salary: $160,000 - $210,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, El Segundo, United States

About the role

• Vice President of Asset Management working at Griffin Capital managing multifamily and build to rent assets. Fostering relationships with partners and providing asset management services.

Responsibilities

• Focus on asset management responsibilities for Griffin's existing portfolio and pipeline of multifamily assets and some build to rent assets.
• Manage relationships with development partners, operating partners, and investors.
• Provide asset management services, support & guidance for a portfolio of assets, including among other things, planning and positioning, property administration, financial analysis, budget preparation, and lease analysis.
• Present financial metrics to executive leadership on the performance of the portfolio and make strategic recommendations to senior leadership regarding the business plan for individual assets.
• Craft high level leasing and marketing strategy for the Multifamily portfolio and collaborate with operating partners to implement strategic initiatives.
• Work with acquisition team during the underwriting process for prospective investments; maintain macro perspective on Multifamily markets, make sector recommendations to investment teams and executive management.
• Strategic contribution to ground-up development projects.
• Utilize research, industry analysis/benchmarking, financial analysis and computer modeling fundamentals to analyze operations, financial reports, annual business plans and long term strategic plans.
• Provide oversight of property management, including analyzing capital investments, both proactively and reactively.
• Develop strategic positioning of the property to retain relevancy in the market.
• Conduct periodic property visits on an as-needed basis, to evaluate physical condition of property, property management team performance, positioning of property in its market and communicate expectations.
• Conduct monthly financial reviews to evaluate property performance, identify significant variances and work with property management to develop plans to rectify accordingly.
• Maintain a thorough understanding of all factors affecting markets & submarkets within portfolio including local market knowledge, business demographics, competitive set and supply & demand dynamics.
• Work with the property manager and, if applicable, the construction team to track the progress and cost of capital improvement projects.
• Prepare lender-required reports, oversee lender inspections, ensure the timely satisfaction on lender-required improvements, and track loan covenants.

Requirements

• More than ten years of experience in Real Estate Asset Management, with a focus on multifamily properties required.
• Bachelor's degree from four-year college or university in Real Estate, Finance or related field; or equivalent combination of education and experience.
• Thorough understanding of commercial real estate industry and multi-family sector.
• Knowledge of real estate markets, trends, and investment strategies.
• Understanding of fundamental real estate economics and finance principles.
• Solid communication skills with demonstrated ability to prepare concise and informative written presentations in MS Word, MS Power Point and MS Excel.
• Strong work ethic and initiative, with ability to oversee multiple projects/transactions simultaneously with independence and sounds judgement.
• Strong communication and relationship-management skills, both internally with senior management and externally with JV partners, third party operators, vendors and investors.
• High detail orientation and attention to accuracy in work product.
• Role will include travel.

Benefits

• 100% company paid individual Medical and Dental Insurance.
• 100% company paid individual Life and Long- and Short-Term Disability Insurance
• 401(k) plan with up to 4% matching and full vesting.
• Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service.
• A yearly Birthday Holiday and paid time off for community service.
• State of the art onsite gym.
• Company funded Lifestyle Spending Account.
• Access to other health and tax-advantaged benefits.