Real Estate Asset Management Associate: Portfolio Strategy

Macdonald & Company

Houston (TX)

On-site

USD 75,000 - 110,000

Full time

14 days+

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Job summary

Macdonald & Company has exclusive retention by a leading real estate owner, operator and developer to appoint an asset management associate in Houston. The role provides analytical and strategic support across a sizeable portfolio, working with senior leadership and internal teams across asset management, development, accounting, marketing and capital markets.

The Associate will support asset management and portfolio oversight, evaluating property performance and helping develop and execute

Qualifications

Bachelor's degree in Finance, Real Estate, Economics, Accounting or related field.
2–5 years in real estate private equity, asset management, investments or analytical real estate role.
Advanced Excel and financial modeling capabilities, including cash flow modeling and scenario analysis.
Strong understanding of NOI, cap rates, IRR, DSCR, occupancy, concessions and loss-to-lease.
Ability to conduct market, submarket and comparable-property analysis.
Strong written and verbal communication skills to translate analysis into recommendations.
Exposure to budgeting, forecasting, investor reporting and capex oversight.
Experience with third-party property management teams is advantageous.
Familiarity with platforms such as Yardi, MRI, Entrata, Argus, CoStar or RealPage.

Responsibilities

Analyze market and submarket data to identify trends, risks and opportunities for value creation.
Review asset-level rent performance against comparable properties and provide recommendations to improve performance.
Analyze monthly and quarterly financial and operating results, identifying material variances and working with third-party managers on corrective actions.
Prepare NOI forecasts, cash flow projections, budgets, reforecasts and variance analyses.
Monitor key portfolio KPIs including occupancy, effective rents, NOI margins, operating expenses, DSCR, debt yield, leasing velocity, retention and collections.
Evaluate revenue management and pricing recommendations and work alongside property managers to optimize leasing strategy.
Prepare leasing dashboards, portfolio reporting and materials for senior management and investors.
Identify value-creation opportunities through operational efficiencies, capital improvements and other strategic initiatives.
Oversee and monitor capital projects, budgets and associated expenditures.
Participate in acquisitions, due diligence, underwriting and capital improvement initiatives.
Work cross-functionally with development, accounting, marketing, capital markets and third-party property management teams.