Asset Manager - Multifamily Real Estate
CBRE
Los Angeles, CA
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: N/A
Education Required: 4 Year College
Job Description
CBRE Global Investors is a global real asset investment management firm with over $100 billion in assets under management. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). The firm sponsors real asset investment programs across the risk/return spectrum in the Americas, Europe and Asia for investors worldwide including public and private pension funds, insurance companies, sovereign wealth funds, foundations, endowments and private individuals. Programs include a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies delivered through separate accounts and commingled funds.
JOB DESCRIPTION:
CBRE Global Investors - Americas is seeking an Asset Manager to independently manage 6-9 multifamily assets in Core Strategies and Value Add funds. Responsible to develop, implement and monitor progress of investment strategy for each asset throughout property life cycle, report progress to portfolio management team and assist acquisitions team with underwriting and due diligence review.
RESPONSIBILITIES:
- Develop, implement and monitor investment strategy for each asset
- Develop annual budgets and business plans
- Prepare quarterly reports and review quarterly appraisals
- Complete hold/sell recommendations annually
- Develop and oversee implementation of capital plans for each property
- Review monthly financial performance of each asset
- Manage disposition process from BOV to closing
- Analyze rental rates and market conditions; implement strategic marketing plan and monitor effectiveness
- Support the Multifamily Acquisitions Team in the analysis of investment opportunities
- Perform other projects and responsibilities as needed by the Americas team
QUALIFICATIONS:
- Bachelor’s Degree (industry certificates, designations and licenses a plus)
- 6-8 years of Multifamily direct asset management experience
- High proficiency in MS Office Suite (Excel, PowerPoint and Word)
- Strong analytical and problem-solving skills
- Experience directing activities of third-party management providers
- Excellent written and verbal communication skills
- Initiative, leadership, team-building skills and ability to meet deadlines
- Organized with ability to manage multiple tasks in a dynamic, team environment
- Ability to travel to assets as needed
- Proficiency with Argus AE software preferred
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