Multi-Family Portfolio Manager

Bonaventure Senior Living; Salem (OR); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health Benefits

Flexible Spending Account

Retirement - 401k matching

Professional Growth - paid training

Continuing Education Reimbursement

Paid Time Off

6 Paid Holidays

Job summary

Bonaventure Senior Living is seeking a full-time Multi-Family Portfolio Manager to maximize the performance of a western portfolio. The role focuses on market analysis, financial monitoring, and collaboration with third-party property managers to drive NOI growth across the portfolio.

The ideal candidate has 5+ years of portfolio management experience, strong analytical skills, and the ability to lead cross-functional teams while traveling to multiple sites as needed.

Qualifications

• 5+ years of portfolio management experience.
• Proficient with monthly financials, variance reports, T-12s, Rent Rolls.
• Strong written and verbal communication with attention to detail.
• Analytical and quantitative skills; ability to gather and present findings.

Responsibilities

• Develop and execute ownership goals and community business plans for each property.
• Review annual operating budgets and capital improvement plans with quarterly evaluations.
• Monitor monthly financial performance and provide variance analysis.
• Diagnose operational issues with property management to maintain excellence and financial goals.
• Conduct ongoing market rental analysis to optimize asset performance.
• Partner with marketing on campaigns highlighting each property's strengths.
• Plan and manage capital expenditures with design and construction teams.
• Conduct regular site visits to assess condition and alignment with strategic objectives.

Skills

Portfolio management

Financial analysis

Market analysis

Written communication

Interpersonal skills

Tools

Microsoft Excel

Microsoft Outlook

Microsoft Word

Job description

Bonaventure is seeking a full-time Multi-Family Portfolio Manager to join our teamto support and help maximize the performance of our market-rate multifamily portfolio spread across the county.

We are looking for an individual with an entrepreneurial spirit that will grow our portfolio’s net operating income through market analysis and financial monitoring. By efficiently managing and aiding our third-party property management companies as they care for our properties.

The ideal candidate will possess no less than 5 years of Portfolio Management experience.

Qualified Individuals must be experienced in the following:

Key Responsibilities

• Business Plans: Develop and execute ownership goals and community business plans for each property of the portfolio.
• Budgets: Review and provide input on annual operating budgets and capital improvement plans, providing quarterly deep-dives and performance evaluations.
• Financial Performance: Monitor monthly financial performance ensuring alignment with annual budgets and the individual business plans; provide timely variance analysis and recommendations
• Management Oversight: Diagnose and problem solve operational issues with the property management team to ensure they are maintaining operational excellence, ensuring tenant satisfaction and meeting financial goals.
• Pricing Analysis: Conduct and perform ongoing market rental analysis to ensure optimal performance of our assets. Including monitoring lease up and new construction projects and the impact they will have on market conditions.
• Marketing: Partner with marketing to drive innovative, property-specific campaigns that highlight the community’s strengths.
• Capital Expenditures: Plan and manage capital expenditure projects (renovations, improvements, expansions), coordinating with design and construction teams to deliver projects on time, on budget, and in line with investment goals
• Travel required: Conduct regular site visits to assess property condition, operational execution, and alignment with strategic objectives

Requirements

• 5 + years’ experience in managing a portfolio of multi-family assets
• Must have a thorough understanding of the monthly property financials with variance reports, T-12’s, Rent Rolls, etc.
• Proficient in Microsoft applications including Outlook, Word, and advanced skills in Excel.
• Strong written and verbal communication skills with attention to detail.
• Display strong analytical and quantitative skills, including the ability to gather information, conduct analyses, and present findings.
• Strong interpersonal and influencing skills, ability to deal with multiple business units within the organization.
• Requires a self‑motivated, team player who has strong work ethic, demonstrates attention to detail and ability to prioritize in a fast‑moving environment with excellent management and business literacy skills.
• Ability to analyze information and interpret complex issues in order to determine therootproblem and make effective decisions to bring the issue to a successful conclusion.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• Solid understanding of building systems, maintenance practices, and vendor coordination.

Top reasons to work at Bonaventure

• Health Benefits‑ Medical and dental coverage.
• Flexible Spending Account‑ For Healthcare and Day Care expenses.
• Retirement‑ Generous 401k matching program.
• Professional Growth‑ We provide on the job paid training. In addition, we provide paid education assistance and career advancement thru promotions to qualified individuals.
• Continuing Education Reimbursement.
• Paid Time Off‑ To have fun, take care of yourself and your family.
• 6 Paid Holidays

About the Company

Bonaventure is a family of companies dedicated to the operation, development, and construction of exceptional residential living communities in the Western USA.

Over the last 24 years, Bonaventure has developed and constructed over 6,400 units and over 6,100,000 of building square feet of senior living, multifamily apartments and office space in six states, along with the development of multiple subdivisions locally. Several additional senior and apartment communities are currently under construction and development and are scheduled to open in 2024, 2025 and beyond.

The Bonaventure Senior Housing Team is experienced in all aspects of real estate development and manages the entire development process prior to a community opening. Our in‑house professionals perform market analysis, financial modeling, site analysis, and manage the design and entitlement/permitting process. We test every aspect of a potential development across a broad range of criteria to ensure performance and value over the lifetime of the project.

Bonaventure never stops innovating and improving.