Vice President of Asset Management | Multifamily

Job Description:

 

The role of the VP of Asset Management is to drive the overall performance of a portfolio of institutional quality multi-family assets to the highest level possible. The Asset Manager serves as the ultimate point of accountability for the financial performance of the portfolio.

 

• Oversee third-party management and leasing relationships to drive results
• Responsible for the overall profit and loss of individual assets in a portfolio
• Work with property managers on daily operations of the building
• Oversee all capital improvements and building expansions
• Travel to all markets and buildings in portfolio. Tour the property to assess condition, level of use and occupancy, and any obvious capital needs.
• Understand the markets the assets are in, specifically the latest market statistics, trends and competitive set. Meet with local brokers to keep abreast of real time changes to market dynamics.
• Report on the performance of each asset with a comparison to budget and underwriting; make hold/sell recommendations
• Prepare annual property budgets and business plans. Collaborate on leasing strategies.
• Work with acquisitions on underwriting potential deals
• Regular and varied communication with JV partners (reporting, budgets, market intel). Requires occasional travel.
• Conduct regular calls with operating partners to monitor operational performance of properties
• Support disposition process

 

Qualifications:

 

• Bachelor’s Degree required; advanced degree preferred
• Strong analytical skills to assess operational and investment performance
• Strong verbal and written skills
• Detail oriented
• Experience reviewing and negotiating real estate documents
• Financial analysis experience required
• Minimum five years of institutional multi-family real estate experience
• Experience managing and leading teams of real estate professionals
• Travel component to position is 30-50%.
• Hybrid work schedule of 3 days per week in the office

 

About Saxum

Saxum Real Estate is a vertically-integrated investment and development firm with offices in NJ and TX whose current pipeline extends across multiple property types. Saxum’s portfolio capitalizations surpass $2BN, and include over 2,600,000 SF of ground-up cold storage development, and 1,400 multifamily rental units. Our development pipeline totals over $700 million in project capitalization across multifamily, student housing, cold storage and industrial asset classes ranging from value-add to ground-up development.