Director, Asset Management

Greystar; Dallas (TX); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

401(k) with company match

Paid time off

Job summary

Greystar in Dallas seeks a senior investment manager to lead underwriting of the portfolio of owned assets and partner with Real Estate Operations to hit financial, investment, and operating goals. You will oversee market analyses, prepare detailed proposals, manage client equity relationships, report performance, and present recommendations to optimize returns at asset and portfolio levels.

Strong communication with investment committees and partners is essential.

Qualifications

• Experience in investment management and portfolio underwriting.
• Strong analytical and financial modeling skills.
• Ability to interact with institutional clients.

Responsibilities

• Leads initiatives to identify new investment opportunities and presents financial proposals.
• Maintains client equity relationships with reports, market updates, and analysis.
• Develops market reviews to evaluate operational and financial results.
• Monitors debt/equity covenants, forecasts, and reports to optimize returns.
• Prepares monthly/quarterly client portfolio/performance reports.
• Raises revenue and controls expenses through asset-level initiatives.
• Coordinates with capital projects for rehab and improvements.

Skills

Financial modeling

Investor relations

Market analysis

Tools

Excel

Power BI

Job description

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

Leads the implementation of the Company’s strategies, programs, policies, and initiatives related to investment management associated with the underwriting of the portfolio of owned assets, and partners with Real Estate Operations to implement specific plans and programs that achieve the financial, investment, and operating goals of the assigned portfolio.

JOB DESCRIPTION

• Leads initiatives, activities and strategies by researching, analyzing, and identifying new investment opportunities supported by market opinions, contacting and meeting with potential clients, preparing and presenting financial proposals, and overseeing the take-over and transition of new properties either acquired or developed.
• Maintains and manages client equity relationships and satisfaction by maintaining on-going communication, providing detailed reports, market updates, and financial analysis on the performance of the portfolios, acting quickly and with urgency to address client concerns, questions, or requests, and reviewing and acting on client satisfaction survey results.
• Develops market and asset reviews to evaluate the overall operational and financial results for the asset portfolio, surfaces and discusses issues and potential challenges that threaten portfolio performance, and presents recommendations, plans, and strategies for enhancing value and improving financial returns.
• Manages and ensures the portfolio’s compliance with debt and equity providers, develops and provides reports to investment committee and equity partners, monitors investment performance, returns, and forecasts through DCF financial modeling, and recommends methods to optimize returns at the asset and subsequently the portfolio level.
• Measures, evaluates and reports on the portfolio’s performance against budget and investment proforma, managing and monitoring cash flow, making strategic recommendations on asset capitalization, and preparing monthly and quarterly client portfolio/performance reports.
• Reviews market, economic, and capital trends and factors impacting the performance of the portfolio, prepares and delivers presentations and updates to investment committee/equity partners, and participates in formulating the long-term disposition and exit strategy for the assets.
• Develops and leads revenue-enhancing and expense containment programs and initiatives at the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence to enhance value.
• Interacts with the capital projects group to execute rehab and other capital improvements.

Additional Compensation

• Corporate Positions:Inaddition to the base salary, this role may be eligible to participateina quarterly or annual bonus program based onindividual and company performance.
• Onsite Property Positions:Inaddition to the base salary, this role may be eligible to participatein weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered

• Competitive Medical, Dental, Vision, and Disability & Lifeinsurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, HospitalIndemnity, PetInsurance and Legal Plans.
• Charitable giving program and benefits.

*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listedinformation above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice

Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [e-mail].