VP, Asset Management

About the position The Vice President, Asset Management will focus on asset management responsibilities for Griffin's existing portfolio and pipeline of multifamily assets and some build to rent assets. The position will also manage relationships with development partners, operating partners, and investors. Responsible for providing asset management services, support & guidance for a portfolio of assets, including among other things, planning and positioning, property administration, financial analysis, budget preparation, and lease analysis.

Responsibilities

• Present financial metrics to executive leadership on the performance of the portfolio and make strategic recommendations to senior leadership regarding the business plan for individual assets.
• Craft high level leasing and marketing strategy for the Multifamily portfolio and collaborate with operating partners to implement strategic initiatives.
• Work with acquisition team during the underwriting process for prospective investments; maintain macro perspective on Multifamily markets, make sector recommendations to investment teams and executive management.
• Strategic contribution to ground-up development projects.
• Utilize research, industry analysis/benchmarking, financial analysis and computer modeling fundamentals to analyze operations, financial reports, annual business plans and long term strategic plans.
• Provide oversight of property management, including analyzing capital investments, both proactively and reactively. Develop strategic positioning of the property to retain relevancy in the market.
• Conduct periodic property visits on an as-needed basis, to evaluate physical condition of property, property management team performance, positioning of property in its market and communicate expectations.
• Conduct monthly financial reviews to evaluate property performance, identify significant variances and work with property management to develop plans to rectify accordingly.
• Maintain a thorough understanding of all factors affecting markets & submarkets within portfolio including local market knowledge, business demographics, competitive set and supply & demand dynamics.
• Work with the property manager and, if applicable, the construction team to track the progress and cost of capital improvement projects.
• Prepare lender-required reports, oversee lender inspections, ensure the timely satisfaction on lender-required improvements, and track loan covenants.

Requirements

• More than ten years of experience in Real Estate Asset Management, with a focus on multifamily properties required.
• Bachelor's degree from four-year college or university in Real Estate, Finance or related field; or equivalent combination of education and experience.
• Thorough understanding of commercial real estate industry and multi-family sector. Knowledge of real estate markets, trends, and investment strategies.
• Understanding of fundamental real estate economics and finance principles.
• Solid communication skills with demonstrated ability to prepare concise and informative written presentations in MS Word, MS Power Point and MS Excel.
• Strong work ethic and initiative, with ability to oversee multiple projects/transactions simultaneously with independence and sounds judgement.
• Strong communication and relationship-management skills, both internally with senior management and externally with JV partners, third party operators, vendors and investors.
• High detail orientation and attention to accuracy in work product.
• Role will include travel.

Benefits

• 100% company paid individual Medical and Dental Insurance.
• 100% company paid individual Life and Long- and Short-Term Disability Insurance
• 401(k) plan with up to 4% matching and full vesting.
• Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service.
• A yearly Birthday Holiday and paid time off for community service.
• State of the art onsite gym.
• Company funded Lifestyle Spending Account.
• Access to other health and tax-advantaged benefits.

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