Greystar is looking for a Director, Asset Management to oversee the asset management strategy for new developments across the Northeast region. The Director, Asset Management is responsible for finding creative solutions with debt and capital structures, identifying opportunities to improve operational performance and managing strategies that promote client satisfaction enhancement.

JOB DESCRIPTION

Job Description

• Conducts financial analysis of multifamily development assets, including the creation of detailed pro-forma and financial models. Gathers, compiles, investigates and analyzes market data to identify market trends and prepares narrative memoranda, detailed reports, and market summaries that provide insights on both the property operation and market trends.
• Prepares and presents new investment committee memos, financing or disposition recommendations and updates on existing development assets.
• Monitors and reports on the status and progress of development pipeline projects, within an assigned region, including critical timelines and deadlines for tasks and activities. Identifies and communicates issues or problems that could adversely affect operations and/or delivery of the asset.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders and other key stakeholders, and appropriately manages on-going communications related to property management and development transactions.
• Develops documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
• Leads the marketing and disposition process including contract negotiations and the due diligence of assets under contract and develops documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
• Tracks variances against established budgets for hard and soft costs and, in concert with the developers and operations, provides recommendations for corrective action.
• Develops and implements new applications, programs, and other innovative business practices that drive increased revenue, client/customer satisfaction, efficiencies, and overall process improvements. Provides operational support to ensure the continued success of these efforts.
• Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region. Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
• Works with internal teams and external parties to implement process improvements that drive increased revenue, reduced operating expenses, promote efficiencies and promote the overall performance of the asset(s).

Requirements

• Experience working in Asset Management for a multifamily developer, or experience working at a bank in real estate finance is required.

Benefits

• Hybrid working model.
• Internal networking and mentorship opportunities through platforms such as our Women's Inclusion Network (WIN).
• Celebrate your Birthday with a day off, plus a personal day to take off each quarter.
• Tuition reimbursement through our Education Assistance Program.
• Join a diverse, fully integrated organization that is structured to thrive throughout all economic and real estate cycles.

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The base compensation rate will vary based on education, experience, skills, and geographic location, as applicable.

Greystar seeks to attract, recruit, advance and retain top talent. Greystar's compensation strategy is tailored to appropriately reward the skillset and experience that a team member will bring to the organization.

Depending on the position offered, regular full-time and part-time team members may be eligible to participate in a bonus program in addition to their salary. Team members may also participate in the 401k plan, once eligible. Regular, full-time team members are offered a range of medical, financial, and other benefits from which to choose.

For Union and Prevailing Wage roles compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.