Senior Director, Asset Management

Quarterra Group; Charlotte (NC); On-site; USD 175,000 - 200,000; Full time

Job summary

Quarterra Group is seeking a Senior Director of Asset Management to oversee the business plans for our Class A multifamily communities. This role will require strong analytical skills, a deep understanding of the asset management landscape, and the ability to communicate effectively with stakeholders including investors and lenders. Ideal candidates should have extensive experience in multifamily property management and leadership abilities to drive business success.

Qualifications

• 8+ years in multifamily asset management.
• Excellent verbal and written communication skills.
• Ability to work under tight time constraints and extended hours.

Responsibilities

• Manage Eastern portfolio and asset management team.
• Establish annual budgets and execute business plans.
• Develop lease-up strategies with Property Management and Development teams.

Skills

Quantitative analysis

Communication skills

Education

Bachelor’s degree in Finance, Real Estate, Economics

Master’s degree in Finance, Business, Real Estate

Job description

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Our Company:

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B) is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation’s most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. For additional information, please visit Quarterra.com.

Our Company:

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B) is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation’s most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. For additional information, please visit Quarterra.com.

Our Company:

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B) is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation’s most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. For additional information, please visit Quarterra.com.

Summary of Position:

The Senior Director of Asset Management will have an instrumental role in analyzing, monitoring, implementing and overseeing business plans and revenue management for the Company’s portfolio of Class A multifamily communities. The Senior Director will consult with executive leadership and play a key role in communicating with investors and lenders.

Principal Duties and Responsibilities:

• Manage our Eastern portfolio of communities and asset management team members to ensure the financial health of each property.
• Serve as the revenue manager; run pricing calls and provide guidance for market rates, renewals, and lease expiration management.
• Establish annual budgets, business plan execution, investor reporting and assist with the disposition of communities.
• Develop lease-up strategies with Property Management and Development teams.
• Collaborate with leadership teams from Investments, Development and Property Management to analyze and make recommendations on proposed budgets to optimize property performance.
• Partner with internal marketing analytics to best understand marketing data and provide recommendations for pricing and marketing decisions.
• Review community level annual budgets and model different lease-up strategies to compare and recommend prior to execution.
• Create and evaluate financial reporting related to property budgets, variances and benchmarking to competitive set and original underwriting.
• Collaborate with Property Management, Investments and Accounting to ensure monthly, quarterly, and annual reporting requirements are met for lenders and investors.
• Assist in underwriting of new development or acquisition opportunities.
• Develop a thorough familiarity with assigned communities and markets by conducting in-depth market and portfolio analyses, understand industry trends, participate in leasing update calls, partner with Property Management, and conduct on-site visits.
• Design, develop, and implement real estate and other investment summaries with recommendations to senior management.
• Coordinate and actively participate in appraisals and dispositions.
  
  

Education and Experience Requirements:

• Bachelor’s degree in Finance, Real Estate, Economics, or a related field required.
• Master’s degree in Finance, Business, Real Estate, Economics, or a related field preferred.
• 8+ years in multifamily asset management and familiarity with lease-ups.
• Excellent verbal, written and interpersonal communication skills.
• Strong quantitative analysis.
• Able to work under tight time constraints and extended hours as required.
• 10-25% travel.
  
  

Physical Requirements:

This is primarily a sedentary office position which requires the Senior Director, Asset Management to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the associate. Duties, responsibilities, and activities may change at any time with or without notice.

Quarterra Group is an Equal Opportunity Employer that prides itself on diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, pregnancy or related condition, protected status, or any other status prohibited by applicable national, federal, state or local law. Quarterra Group believes diversity and inclusion among our Associates is critical to our success and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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