Director of Portfolio Strategy and Asset Management

Director of Portfolio Strategy and Asset Management

• Develop and formalize asset management strategy and processes to maintain and improve assets (mixed-income/mixed-use residential developments)
• Identify and execute opportunities in the portfolio including recapitalizations, dispositions, etc.
• Provide proactive, hands-on asset management for approximately 25 assets
• Contribute to a portfolio wide strategy to maximize value and optimize resources

 Responsibilities:

• Work closely with property managers and leasing team to establish business plans, budgets, and forecasts for assets in the portfolio
• Maximize cash flow and total return for each assigned property through the analysis of financial and operational reports to identify opportunities for improvements
• Develop annual asset management plans and propose long-term strategies for refinancing, buying out partners, resyndicating or disposing of existing properties.  Execute those strategies
• Develop and distribute asset management reports that provide insight into the portfolio’s financial performance, leasing activity, collections, compliance with regulations, and required or recommended physical improvements
• Develop systems and platforms to effectively manage the portfolio
• Identify all reporting requirements and work with personnel responsible for report distribution to see that requirements are met
• Serve as liaison with the property management company
• Review and manage interest rate risk in the portfolio

 Preferred Background and Skills:

• 7-10 years of real estate asset management experience, with a specific focus on retail and residential assets in the New York City metro area with an understanding of federal, state and city affordable housing programs
• Self motivated and proactive with an established track record of getting things done effectively and independently
• A team player, able to work in an entrepreneurial environment, balance changing priorities and meet deadlines
• Very strong financial modeling and quantitative skills
• Knowledge and understanding of real estate financial statements
• Excellent oral and written communication skills
• Strong organizational, analytical problem solving, and time management skills combined with attention to detail
• Experience with City-sponsored housing preservation programs

·      Working knowledge of real estate asset management with significant exposure to multifamily underwriting, development and property management preferred

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·      Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports

Education:

• Masters Degree in Business, Real Estate or Urban Planning preferred