The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Asset Manager

Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Irvine
 CA
Postal Code
92614
Country
United States

This job is no longer active.

Description


ASSET MANAGER

 

About Avanath:

Avanath Capital Management, LLC (Avanath) is a boutique real estate investment firm focused on opportunities in the affordable and workforce multifamily housing sectors, which demonstrate strong long-term fundamentals and are underserved by institutional capital.  Founded in 2008, Avanath invests in high-quality multifamily communities in established residential neighborhoods and focuses primarily on coastal markets with high income growth and a significant supply/demand imbalance.  Avanath’s communities typically benefit from amenities found in market-rate multifamily properties.  Avanath’s target markets comprise 7.5 million apartment units and represent approximately 25% of the apartment inventory in the United States.  Avanath is pursuing a national consolidation strategy, creating long-term value with the implementation of higher-level property and asset management, strategic property investments and enhancements, and the creation of greater operating efficiencies.

 

Primary Duties and Responsibilities:

  • Maximize total returns for each assigned asset through analysis of property efficiencies and identification of opportunities for improved performance.
  • Create and oversee customized asset management solutions.
  • Work closely with asset management team members to support the execution of property-level business plans, budgets and forecasts.
  • Work closely with in-house property managers to provide direction for and oversight of business plans, budgets, forecasts, analysis and approvals.
  • Provide input and assistance in pre-acquisition due diligence and underwriting process, including review of financial and operational assumptions.
  • Act as liaison between property management and ownership.
  • Provide asset management guidance for strategy changes and adjustments during the asset holding period, including divestiture.
  • Assist with the production of quarterly investor reports and provide responses to ad hoc investor due diligence requests.
  • Prepare memorandums and presentations for internal use regarding property performance, capital improvements and dispositions.
  • Aggregate and update property-level data for asset management purposes.
  • Perform property site inspections on a regular basis.
  • Oversee the implementation of capital improvement plans.
  • Perform market research and comparable property analysis using third-party software.
  • Other tasks as requested by the COO or other senior members of the asset management team.

 

Skills and Requirements:

  • Minimum 5 years of previous experience in real estate.
  • Bachelor’s degree and strong academic record.
  • Demonstrated asset management experience.
  • Demonstrated experience in multifamily real estate.  Experience in affordable multifamily real estate (including LIHTC and HUD) a plus.
  • Proficiency in Microsoft Excel, Word and PowerPoint.  Experience with Yardi a plus.
  • Excellent analytical and problem-solving skills.
  • Excellent written and verbal communication skills.
  • Highly professional, organized and detail-oriented.
 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Asset / Portfolio Management Residential Irvine Full Time CA Asset Management, Financial Analysis, Portfolio Management Asset Management Analyst other