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.

Job title

VP, Asset Management

Job type

Experience level

Lead

Salary

$160,000 - $210,000 per year

Degree requirement

Bachelor's Degree

Location requirements

Report this job

See something inaccurate? Let us know and we'll update the listing.

Report job