AREY Group
| Department
AREY Investments | Reports To
Chief Investment Officer | Employment Status
Full-Time | FLSA Status
Exempt | Location
Macon, GA/Remote |
POSITION SUMMARYAREY Group is looking for an Asset Manager who keeps things on track. The right person is detail-oriented, organized and timely, a self-starter who takes ownership of work from start to finish and doesn’t need to be reminded of a deadline. They are resourceful and willing to dig in wherever the team needs help, and they know how to use AI and other tools to work faster and do more. In return, they will join a fast-paced, collaborative team with real opportunity to grow professionally.ABOUT AREY GROUPWe are AREY Group, we provide full-cycle development, ownership, and management of student housing and multifamily communities and we are growing by the day. Our mission is to develop and steward real estate that delivers generational impact for the communities, partners, and people we serve. We Prioritize People and Provide Solutions in our pursuit to see every team member reach their personal, professional, and financial goals through the work we do together. Our core values are the backbone of our business and guide our hiring process: we Prioritize People, Provide Solutions, have a Passion for Continuous Improvement, and Pursue the Second Mile.PERFORMANCE OBJECTIVES- Reviews monthly operating results for each asset against budget and underwriting, explains variances above $5,000, reports KPIs, CapEx progress and risks at the bi-weekly Investment L-10, escalates risks, legal issues and material investor events to the CEO and CIO with recommendations, responds to stakeholder communications within 24 hours, and keeps property records filed.
- Collaborates with the VP of Operations, Accounting, Property Management and Regional Managers, reviews the weekly leasing funnel, monitors and gives feedback at bi-weekly Property Management L-10s, analyzes monthly delinquency, maintenance, reputation, market rents and pricing to improve NOI, and makes quarterly visits to select communities.
- Serves as the owner’s liaison to lenders, tracks loan covenants and deadlines, submits quarterly compliance reporting, runs covenant projections, and verifies loan payments, reserves, escrows and controlled accounts, along with related reimbursements and commissions.
- Prepares quarterly investor reports and calculates and proposes distributions for CEO and CIO approval.
- Participates in the annual property budget cycle, providing input on spending and CapEx, loan costs and commercial income, and reviews vendor contracts and Property Management Agreements annually, recommending changes or renewals (the VP of Operations executes vendor contracts, and the CEO signs Property Management Agreements).
- Manages property tax assessments and appeals, including the final decision to appeal, and checks insurance coverage against loan requirements.
- Manages Asset Management CapEx and value-add construction projects, coordinates and signs contracts, and performs the RealPage approval step for CapEx over $5,000.
- Analyzes refinance, hold and sale options and presents recommendations, coordinates refinancings and dispositions, from BOVs through marketing, offers, due diligence and closing; the CEO and CIO make the decisions and select the lender.
- Supports acquisitions and development through underwriting feedback, due diligence and financial modeling, and manages design firms for acquisitions.
- Manages commercial lease negotiations through execution (the CEO signs), and acts as the owner’s liaison to commercial brokers and to counsel on tenant defaults.
- Sets quarterly Asset Management projects with the investment department, works to increase property values and investor returns, builds reporting tools and dashboards, and mentors colleagues on finance.
- Performs other duties as assigned.
KEY COMPETENCIES- Advanced financial modeling skills, with the ability to build financial models for operations, debt scenarios, refinances and new projects.
- Knowledge of real estate investment, including commercial, student housing and multifamily valuation, underwriting, pro formas, capital structures, loan documents and covenants, and the investment lifecycle.
- Strong financial acumen, with the ability to read financial statements, perform variance analysis, and connect operating results to NOI, cash flow and returns.
- Analytical and strategic problem-solving skills, using profitability analysis and statistical methods to identify trends, risks and opportunities and turn them into practical recommendations that create value at the asset.
- Excellent written and verbal communication skills, including concise owner’s reports, investment decks and market updates, and the ability to present complex financial information clearly to investors, executives and on-site teams.
- Ability to build productive relationships and use negotiation and influencing skills to gain agreement on budgets, strategies and transactions with property management, accounting, acquisitions, lenders and equity partners.
- Strong organization, time management and attention to detail, delivering accurate reports, budgets and loan abstracts on deadline while managing several assets and ad hoc projects in a fast-paced environment.
- Proficiency in Microsoft Office (especially Excel), RealPage, CoStar and Business Intelligence tools; familiarity with Access, SQL or Business Objects is a plus.
EDUCATION & EXPERIENCE- Bachelor’s degree in finance, real estate, accounting or a related field
- At least 3–5 years of experience in real estate asset management and/or acquisitions, with a focus on commercial or multifamily properties
- Proven experience in a quantitatively heavy role, including advanced Excel financial modeling
- Experience with accounting and property management software
Preferred - MBA or master’s degree in finance, real estate or a related field
- Experience with multifamily and student housing assets
- RealPage, CoStar and Business Intelligence experience
- Familiarity with data query and management tools (Access, SQL, Business Objects)
- Experience preparing investor reports and working with equity partners and lenders
PHYSICAL REQUIREMENTS This is primarily a sedentary office role, with occasional visits to residential communities and limited travel. The demands below describe what is generally required to perform the essential functions; reasonable accommodation may be made to enable individuals with disabilities to perform them. Position may require travel: up to 20–40%. - Work environment: climate-controlled, well-lit office with standard office equipment; the office is reached through a parking garage with doors and elevators. When visiting properties, noise levels and conditions vary by setting and activity.
- Computer and office work: remains in a stationary position for extended periods while using a computer, phone, and other office equipment; operates a keyboard, mouse, and similar controls.
- Communication: exchanges detailed information accurately with employees, residents, vendors, and outside stakeholders in person, by phone, and in writing.
- Mobility: moves about the office and, during property visits, around buildings, grounds, and units, which may include stairs, uneven surfaces, and reaching or bending to inspect conditions.
- Lifting: occasionally moves or transports items weighing up to 25 pounds, such as files, supplies, or equipment.
- Visual and cognitive demands: reviews and interprets reports, financial statements, and on-screen data, and observes physical property conditions; manages multiple priorities under monthly and quarterly deadlines.
BENEFITS - Salary - $90k - $120k
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short Term Disability
- Long Term Disability
- Cellphone Stipend
- Paid Time Off
- Education Reimbursement
COMMITMENT TO DIVERSITY As an equal opportunity employer committed to meeting the needs of the multigenerational and multicultural workforce, AREY Group recognizes that a diverse staff, reflective of our community, is an integral and welcome part of a successful and ethical business. We hire local talent at all levels regardless of race, color, religion, age, national origin, gender, gender identity, sexual orientation, or disability, and actively foster inclusion in all forms both within our company and across interactions with clients, candidates, and partners. If this position caught your eye, please send your resume and include the job title and source where you found this position in the subject line of your email to careers@areygroup.com . Already an AREY Group candidate? Please contact your recruiter to discuss this opportunity. The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations as applicable.
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