Job Description

L&B Realty Advisors, LLP, is an investment firm with a reputation for excellence created by a team of extremely responsive and talented people.  We are currently looking for an experienced Asset Manager.  This position is located at Corporate Headquarters in Dallas, TX.

Title:  Associate Director - Asset Management - Multifamily

Reports to:     Vice President of Asset Management

 Key Responsibilities: Coordination with portfolio management to create and implement asset by asset strategy for in excess of ten multifamily assets with AUM of approximately $1.0B

Development of Asset Management Plans

• Analyze effectiveness of previous plan and benchmark returns
• Incorporate market data and intelligence
• Review and approve operating budget
• Create strategic objectives for property with and without ROI components
• Develop operational tactics that support strategy

Execution of Investment Strategy

• Review of all aspects of the asset operations, leasing and management
• Consistent supervision of property management
• Evaluate and execute solutions to problems
• Oversee internal and external teams and individuals to facilitate execution
• Direct insurance and ad valorem tax administration
• Review and approve all contracts/provisions
• Review and approve capital improvement projects
• Review and discuss hold/sell strategies and broker selection

Market Expert

• Utilize various sources and relationships to gather market and property level data
• Understand the underlying market and regional drivers
• Track supply pipeline within each assigned market
• Follow sales of comparative trades in the market
• Establish and maintain network of contacts in real estate, insurance, legal and marketing professions

Preparation of Timely and Accurate Reporting

• Write/edit narrative summaries for monthly, quarterly and annual reports
• Review and edit monthly status reports to investor and/or portfolio management
• Review property appraisals and interact with appraisers as needed or directed
• Prepare and/or review property internal valuations

Other Responsibilities

• Evaluate and report on underwriting assumptions for apartment acquisitions
• Assist and coordinate the takeover and management of new acquisitions
• Coordinate property dispositions and/or refinances
• Special projects as assigned
• Effective interaction and coordination with analyst pool and team
• Light to medium travel (15%) associated with asset reviews and direction

Minimum Requirements

• 10+ years in commercial real estate industry
• 7+ years direct experience with multifamily sector
• MS Word & Excel (required) (an Excel proficiency test may be administered) 
• Must possess strong analytical, communication, organizational and computer skills
• Accounting, Finance, Business Administration or Real Estate degree or advanced degree
• Accounting or finance background beneficial

L&B Realty Advisors offers an excellent benefits package including vacation and sick pay, tuition reimbursement, PPO medical/dental/vision plan, matching 401(k) plan, above average holidays, flex hours, health club membership, and business casual work environment.

L&B Realty Advisors is an Equal Opportunity Employer.