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Senior Vice President of Asset Management - Multifamily

Strada ASF

Multifamily

San Francisco, CA

Salary Estimate: $225,000.00 - $249,999.00

Employment Type: Full Time

Work Place: Office

Experience Required: 7+ to 10 years

Education Required: 4 Year College

Job Description

Firm Profile:

Founded in San Francisco in 2010, Strada is a vertically integrated real estate company with a track record of producing outstanding returns for our investors and partners. Strada has successfully executed on billions of dollars in real estate projects with top-tier institutional partners across a wide variety of strategies, from land entitlement to ground-up development to value-add investing. Our projects deliver lasting impact for our partners, clients, and the communities in which we work. Strada’s best-in-class team of real estate professionals have a high standard of excellence and value a collaborative and dynamic work environment.

Job Summary:

Strada is seeking an experienced Senior Vice President of Multifamily Asset Management to oversee a portfolio of large-scale multifamily properties in the Bay Area, with plans to grow in southern California as well. The portfolio includes assets in lease-up and stabilized properties. The Senior Vice President will be responsible for managing third-party property management teams, setting strategic direction for the assets, managing property budgets and financial reporting, and overseeing day-to-day asset operational and leasing decisions to maximize asset value. The role requires a hands-on approach to asset management, strong analytical skills, and creative thinking. The role will report directly to the Strada partners.

Specific Responsibilities:

Oversee asset performance for a portfolio of multifamily properties owned by Strada and its institutional capital partners. Focus on continuously improving asset NOI and overall asset value in the marketplace.
Work closely with third-party property managers to ensure exceptional quality of asset operations, leasing, maintenance, reporting, and capital improvement projects when appropriate.
Prepare and execute asset-level annual business plans, including detailed asset budgets, and report regularly to internal management and to capital partners on asset status and financial performance.
Guide asset marketing plans including branding, websites, and advertising strategies.
Work with Strada investment team to update asset underwriting and pro forma projections on a quarterly basis
Stay apprised of multifamily market trends and competitive properties to better inform asset strategies and market positioning for the portfolio.
Help develop templates and standards for asset management processes and reporting.
Advise Strada investment team on analysis of potential multifamily acquisition and disposition opportunities.
Advise Strada development team on market positioning, programming, and design for new multifamily development projects.

Qualifications and Skill Set:

Bachelor’s degree required.
7-10 years of experience in multifamily asset management, investments, and/or property management.
Experience managing teams of consultants and service providers to deliver projects on time and on budget.
Strong quantitative skills including a thorough understanding of multifamily pro formas, key performance metrics, and asset budgets.
Strong written and oral communication skills and comfort presenting to internal and external stakeholders.
Extremely high attention to detail and ability to “think like an owner.”
Ability to manage multiple assets at varying stages while understanding priorities for execution of each asset’s business plan.
Ability to work independently and bring in key decision makers when appropriate.
Proficiency in Microsoft Excel, Word, and PowerPoint.

Compensation:

Competitive depending on level of experience. The base pay scale for this position is $200,000 to $250,000 annually with additional discretionary bonus.

Asset Management