Benefits

Job Description

L+M Fund Management (“LMFM”) has been committed to investing in, acquiring, and preserving workforce, affordable, and mixed-income multi-family housing in high-growth metro areas across the U.S since 2010. LMFM invests in and operates workforce and affordable assets on behalf of institutional investors and, to date, has acquired over 22,000 units and $4.8 billion in transactions. LMFM utilizes institutional third-party equity and to date has raised more than $1 billion of total equity across multiple investment vehicles. For more information on LMFM, please visit: http://lmfm.com.

LMFM is an affiliate of L+M Development Partners (“L+M”), which was founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.

Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/.

Opportunity

The asset management team oversees all asset-level decisions. This team sits at the center of our investment management and property management teams, serving as leaders and collaborators with every function throughout the organization. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance and oversee property operations.

This position will work with LMFM’s Emerging Manager Preservation Fund platform which consists of five joint ventures with assets in NYC, Michigan, Maryland, Virginia, and North Carolina.

Responsibilities & Job Requirements:

Collaborate with joint venture fund partners to monitor portfolio asset performance. Evaluate asset and portfolio level performance, with comparative analyses to annual budget, pro forma, previous operating history, and any other metrics as requested by management
Review and update financial underwriting models to project investment performance, develop value enhancement strategies, and support execution of asset financings and dispositions
Prepare rent and sales comp analysis to benchmark property performance and inform asset business plans. Maintain market research on supply/demand, demographic profiles, and economic drivers
Research and analyze various operational improvement opportunities to develop asset optimization strategies
Compile and abstract information from transaction, property management and asset management documentation to prepare informative memos and presentations and inform financial analysis
Assist in annual budget preparation and approval process
Create, update, and/or review asset fair market valuations and fund level performance models
Prepare asset, portfolio and fund level reports for senior management and investors
Coordinate with accounting/finance team on financial reporting and management including capital call and distribution management
Assist with investor and compliance reporting and information requests
Assist with preparation and coordination of fund partner and investor meetings

Experience, Education & Skill Requirements:

Bachelor degree required, real estate, business or urban planning preferred
1-3 years of real estate investing experience, specifically with the underwriting and asset management of multifamily properties
Real estate private equity or fund background preferred
Experience with affordable housing programs preferred
Strong financial modeling skills and proficiency in Microsoft Office Suite
A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines
Self-motivated and proactive with an established track record of working effectively and independently
Excellent interpersonal and communication skills (oral and written)
Strong organizational skills and attention to detail

LMFM offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

LMFM is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Asset Management

Portfolio Management

LDP

L+M Development Partners

• 100-1500 employees

At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed.

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