Asset Manager

Dlpcapital; Houston (TX); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Unlimited PTO

Health/dental/vision/life insurance

401(k) matching

Parental leave

Adoption services reimbursement

Volunteer Time Off

Self-improvement tools

Job summary

Dlpcapital is seeking an Asset Manager in Houston to join its Portfolio Management team. This role is crucial for leading asset-related activities, monitoring investment performance, and executing management strategies to enhance asset value.

The ideal candidate will have 3-5+ years of experience in asset management and a background in multifamily operations. Responsibilities include working closely with property management teams and providing detailed investor reporting. Benefits include unlimited PTO and health insurance.

Qualifications

• 3-5+ years of asset management experience overseeing repositioning and redevelopment.
• Experience working with internal and external investment partners is preferred.
• Strong understanding of financial and operational metrics.

Responsibilities

• Monitor investment and property performance to preserve and increase asset value.
• Work with property management teams to drive asset performance.
• Provide accurate, well-articulated monthly investor reporting.
• Analyze performance data and present actionable recommendations.
• Research and recommend strategies that enhance portfolio performance.

Skills

Multifamily operations

Asset management

Financial analysis

Investor reporting

Job description

TheAsset Manager position is an integral part of the DLP Portfolio Management team, responsible for leading, managing & executing on a broad range of asset and investment related activities. Your role is to monitor and report on investment and property performance and partner in the creation of long term management strategies that increase the value of our assets. Our growing portfolio includes a specific approach to quality, desirable apartment homes in support of workforce housing, and new construction.

All of these pieces come together to make an impact in the communities we serve.

You will be responsible for monitoring both financial and operational metrics to drive consistent performance of owned and managed assets, facilitating growth & consistent positive investment returns and asset value through the execution of exceptional management, service and capital improvement programs. Working closely with senior leadership, property management, construction management, investors and partners, you are expected to develop strong working relationships, credibility and confidence with each group.

Requirements

• Local to Houston, TX
• Background in multifamily operations.
• Experience working with internal and external investment partners is preferred.
• 3-5+ years of asset management experience overseeing repositioning, redevelopment, and heavy value-add properties.

Responsibilities

• Monitor investment and property performance to preserve & increase the value of the investment throughout the asset life.
• Work with internal and external property management teams to drive asset performance in accordance with the approved budget and business plan.
• Maintain business relationships with general partners/developers, management agents, lenders, contractors, and third-party consultants as it relates to the flow of relevant and timely asset related communication.
• Provide accurate, thorough and well articulated timely investor reporting each month.
• Assess performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Analyze data and present actionable recommendations to senior leadership on a monthly and quarterly basis, driving performance relative to the original underwriting strategies or business plans.
• Work with joint venture partners, construction management, property management and accounting teams to ensure effective management of lender / construction draws, reserves and lender holdbacks within the assigned portfolio.
• Hold third party property management companies accountable to business strategy and achievement of budget expectations through weekly performance update meetings, monthly reporting and ongoing communication.
• Research and recommend innovative strategies and technologies that can drive performance and value to the portfolio.
• Stay abreast of business and market trends and provide recommendations for expense savings and income opportunities.
• Work closely with internal and external property management teams to review, approve, build and manage capital expenditures budgets for assets.
• Perform financial analysis of properties including operating statements, budget variance review, loan administration, lease analysis, and any other relevant reporting or documentation.
• Conduct regular property visits to ensure compliance with business plan, industry best practices, and to assess the general operational and capital needs of the property.
• Review and gain understanding of legal documents such as loan agreements, guarantees, and promissory notes, and coordinate with the borrower and respective staff to ensure the loans remain in compliance.
• Have an in-depth understanding of competitors within our target markets. Utilize this knowledge to drive performance of the properties within the assigned portfolio.
• Work with property managers to develop a written, defined Success Action Plan for prompt turnaround of underperforming assets within assigned portfolios.
• Perform other duties related to asset management as assigned or required.

Benefits and Perks

Unlimited PTO, health/dental/vision/life insurance, 401(k) matching, parental leave, adoption services reimbursement/learning/educational incentives, Volunteer Time Off, well-being programs, company events, self improvement/productivity tools, and the incredible feeling of making a difference.

Equal Opportunity Employer

DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at [e-mail]. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy here.