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VP/Director of Asset/Property Management

Blue Castle Agency

Boston, Massachusetts

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JOB DETAILS
SKILLS
Accounting, Adobe Acrobat, Analysis Skills, Asset Management, Best Practices, Brokerage, Budgeting, Business Plan, Communication Skills, Construction, Detail Oriented, Economics, Finance, Financial Analysis, Forecasting, Interpersonal Skills, Market Trend Analysis, Microsoft Excel, Microsoft Outlook, Microsoft PowerPoint, Microsoft Word, Multitasking, Negotiation Skills, Organizational Skills, Performance Analysis, Presentation/Verbal Skills, Project/Program Management, Property Management, Quantitative Analysis, Real Estate, Real Estate Development, Regulations, Rentals, Resident Retention, Risk, Risk Analysis, Risk Management, Strategic Planning, Team Player, Trend Analysis
LOCATION
Boston, Massachusetts
POSTED
30+ days ago

VP/DIRECTOR OF ASSET/PROPERTY MANAGEMENT

 

Our client is currently seeking a VP/Director of Asset/Property Management to oversee a portfolio of multifamily assets. The role offers autonomy within a collaborative environment, supported by an analyst/associate. The ideal candidate should possess qualitative and quantitative skills and strong analytical, communication, and critical thinking abilities.

 

WHAT YOU'LL DO
  • Manage a portfolio of institutional-quality multifamily properties across various markets by commingled funds and separate account clients.
  • Develop and execute strategic business plans and appraisal projections for core, value-add, and development properties.
  • Oversee property management teams and conduct site visits and market tours.
  • Provide input on potential acquisitions and assist in the disposition process.
  • Collaborate with joint venture partners and other stakeholders, including managing development assets and mixed-use leasing opportunities.
  • Work with venture partners, JV docs, and portfolio strategy.
  • Review draw requests, oversee development assets through lease-up and stabilization.
  • Work closely with the multifamily team and asset managers across offices.
  • Lead and develop a team of analysts and associates.
 
WHY YOU MATTER
  • Create and implement business plans that align with the investment goals.
  • Analyzing market trends, identifying opportunities for value enhancement, and making informed decisions to maximize returns.
  • Deep understanding of financial analysis, including budgeting, forecasting, and performance reporting.
  • Adept at controlling expenses, optimizing revenue streams, and maximizing the property's net operating income (NOI).
  • Accurately assess the financial health of the asset and identify areas for improvement.
  • Anticipate potential challenges and take proactive measures to mitigate risks.
  • Informed about market conditions, regulatory changes, and industry best practices.
  • Identify and implement strategies to increase the property's value, such as renovations, upgrades, and improved amenities.
  • Focus on enhancing the tenant experience to improve occupancy rates and resident retention.
 
WHAT IT TAKES
  • 8-10+ years of direct experience in real estate, specifically in multifamily asset management.
  • BA of BS in Finance, Accounting, or Economics - mandatory.
  • Development deal management experience.
  • Proficiency in multifamily property software like AppFolio, Entrata, RealPage, Rent Manager, Yardi Voyager.
  • Proficiency in Microsoft Excel, PowerPoint, Word, Outlook, and Adobe Acrobat.
  • Strong critical thinking, analytical, writing, verbal communication, and negotiation skills.
  • Excellent organizational skills with attention to detail and the ability to manage multiple projects.
  • Ability to work both independently and within a team.
  • Excel in client, joint venture partners, construction consultants, brokers, lead, and risk professional communication. 
  • Strong interpersonal and client communication skills.

About the Company

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Blue Castle Agency