Asset Manager

Job Description

COMPANY

Middle Street Partners, LLC ("MSP") is a real estate investment and development firm, focusing on multifamily acquisitions and development in the Southeastern US. Since inception, MSP has acquired and/or developed approximately 9,800 apartment units, representing over a Billion of capitalized value in 36 properties located throughout the Carolinas, Georgia, Tennessee and Florida.

In addition to a generous employment health and 401, and allocation for relocation, flexible office hours, it is great opportunity for growth. 

Asset Manager

Basic Function: The Asset Manager is responsible for executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee assigned properties and/or portfolios.  This person will interact extensively with company executives within MSP.

Profile:  The successful candidate will be a self starting commercial real estate professional who is looking to take the next step in building a successful career. 

 DUTIES

Responsible for providing operational oversight at the property level for multiple assets.

• • Review, analyze and compare current and historical operational performance against key metrics and original underwriting for existing assets.
  • Prepare weekly reports on property performance for internal purposes.
  • Understand competitive positioning relative to rents, lease terms and overall occupancy for the market/ sub-market where the investments are located.
  • Responsible for completion of the annual budget process with third party managers.
  • Monitor the performance of assets compared to the approved budget with primary responsibility for variance reporting.
  • Assist in the preparation of quarterly reports to external investors.
  • Frequently visit the properties to inspect buildings, implement and assess business plans, and interact with onsite managers/ teams to ensure high standards for leasing, property performance and property operations are understood and maintained.
  • Assist as requested in the acquisition of properties including reviewing third party reports, conducting site visits and conducting due diligence on new property acquisitions.

SKILLS AND KNOWLEDGE

• • Excellent analytical and interpersonal skills.
  • Excellent verbal and written communication skills.
  • Strong understanding of investment fundamentals and market analysis.
  • Ability to prioritize and meet deadlines.

MINIMUM QUALIFICATIONS

• • Bachelor’s Degree in Finance, Real Estate, Business or related field.
  • 5+ years of real estate industry work experience.
  • Solid understanding of financial analysis concepts.
  • Ability to travel and regularly work extended hours.
  • Experience with Yardi a plus.

Competitive salary to commensurate with experience.