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Asset Manager

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Asheville
 NC
Postal Code
28801
Country
United States

This job is no longer active.

Description


Company:                        Farpoint Development, LLC

Position:                          Asset Manager – Asheville, NC

Offices:                            Chicago, IL and Asheville, NC

 

Company Info:                Farpoint Development was founded by a group of established, knowledgeable and passionate developers whom over the past 30+ years have a proven track record across a broad spectrum of asset sizes and types. We specialize on finding undervalued commercial real estate properties and investing in them to realize their full potential.  In achieving this realization we pride ourselves on building trust and confidence with our employees, investors, and vendors.  We believe that people are our most important asset.  Through this culture and discipline, we have been able to successfully produce unparalleled returns for its investors. 

Responsibilities:            Directly support Principals and Development team through the creation and evaluation of complex financial models related to commercial real estate developments and investments. This role will help us set the course for what we will buy, how we will develop, and when to dispose of real estate assets. In this role, the right candidate will need to be able to do prioritize time sensitive tasks efficiently and possess strong analytical skills to research, analyze and summarize data in a simple format, and communicate the information clearly to help guide the Principal’s decision making.

Specific responsibilities include:

  • Evaluate and underwrite potential acquisitions, redevelopments, and ground-up developments.
  • Manage acquisition due diligence and closing process.
  • Develop and maintain overall project budget and schedules.
  • Create and maintain quality financial models using MS Excel.
  • Prepare investment summaries and assist in coordinating transactions with equity and debt partners including maintaining data rooms and transfer of materials.
  • Assemble market research on demand fundamentals and maintain competitive set analysis for each property type/submarket.
  • Monitor and execute on the approved annual real estate asset strategy to ensure achievement of targeted financial results.
  • Work diligently with external partners, including property managers, contractors, accountants, leasing agents and other professionals to ensure optimal real estate performance.
  • Support disposition efforts of real estate assets including contract negotiation, transaction management and closing.
  • Prepare a variety of analyses and reports and participate in special projects as needed.

Qualifications:                Qualified candidates must possess the following:

 

        • Bachelor’s degree in business, economics, finance or real estate required
        • 7+ yrs. of commercial real estate exposure
        • Experience within the multifamily/residential sector is required
        • Proficient with MS Excel is required
        • Experience with ground up development is a plus
        • Experience with creating and manipulating complex financial models and underwriting commercial real estate properties and projects (Multi-phased building sites and public-private development experience a plus)
        • Experience with market research services a plus
        • Ability to communicate information succinctly and anticipate and resolve issues/problems on a proactive basis
        • Extremely detail-oriented and organized, yet flexible, in a dynamic environment with a focus on meeting deadlines
        • Possess excellent collaborative skills to work in partnership with ownership as well as having strong leadership skills to manage a team for a deal
        • Strong work ethic with the highest degree of honesty, integrity and discretion

 

Contact:              Please submit cover letter and resume to Rami Peltz.  Farpoint Development offers a salary commensurate with qualifications including medical, dental and paid time off.  Candidate should be prepared to submit references, if requested.

 

 

 

 

 

 
 

Experience


7+ to 10 years


This job is no longer active.

Asset / Portfolio Management Industrial Asheville Full Time NC Transaction, Underwriting, Due Diligence Asset Manager other