Student Housing Asset Manager

Macdonald & Company; Austin (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Macdonald & Company is seeking a Student Housing Asset Manager to oversee business strategies for student housing assets in Austin, TX. This role requires a Bachelor's degree and at least 3 years of experience in real estate operations or asset management.

You will work with various teams to optimize business plans and reporting, ensuring performance aligns with company goals. Strong Excel skills and the ability to work independently are essential.

Qualifications

• Minimum 3+ years of experience in student housing real estate operations or asset management.
• Highly organized and disciplined with a track record of delivering results.

Responsibilities

• Support development and execution of business plans for student housing assets.
• Identify and execute adjustments to property business plans.
• Support creation of annual business plans and leasing initiatives.
• Perform detailed reviews of property financials.
• Evaluate resident experience initiatives across assets.

Skills

Excel skills

Financial modeling

Results-oriented

Operational efficiency

Education

Bachelor's degree

Job description

Macdonald & Company is pleased to be exclusively partnered with Endeavor Real Estate Group to find and appoint a student housing asset manager in Austin, TX.

THE OPPORTUNITY

Endeavor Real Estate Group is seeking an internally motivated candidate to add immediate value by supporting its Asset Management team and creating value in the Company’s owned assets. You will have the opportunity to drive performance of a growing portfolio of institutional student housing assets across the U.S. by overseeing business plan formation and execution, interfacing across multiple divisions (including Development, Dispositions, Construction and Property Management), taking part in capital pitches, and acting as a key conduit to institutional capital partners and lenders. You will work with a team of accomplished professionals while interacting directly with Endeavor’s leadership, reporting to the SVP of Asset Management.

THE RESPONSIBILITIES

• Work in tandem with the Development, Property Management and Construction teams to support the development and execution of business plans, budgets, timelines and operational strategies for student housing assets. Take part in due diligence efforts on new developments, focusing on property operational planning.
• Responsible for identifying and executing real time adjustments to property business plans, finding value-add opportunities, controlling operational expenses, evaluating market conditions, managing property revenue, and working with onsite and regional property staffing across student housing communities. Assisting in cash management and cash planning for property improvements and investment distributions.
• Support the creation of annual business plans, rental rate strategies, leasing initiatives, and compensation structures for each asset, including consideration of student housing leasing cycles, pre-leasing performance, and turn management. Collaborate on the development reports, models, and infrastructure necessary to perform Asset Management functions.
• Support the weekly, monthly, quarterly and annual reporting on the performance of the Company’s student housing portfolio. Perform detailed reviews of property financials, identify trends or issues, and present findings to key internal stakeholders.
• Collaborate with Property Management teams to evaluate resident experience initiatives, amenity utilization, and operational efficiencies across student housing assets. Support modelling efforts associated with capital events including the sale or refinance of the Company’s assets and assist the execution of those efforts.
• Communicate and interact regularly with capital partners including preparing analysis and presentations for their review.
• Provide recommendations on process improvement opportunities throughout the Company to minimize risk exposure and improve execution.
• Help with the preparation and presentation updates to Senior Leaders and key stakeholders as needed.

EXPERIENCE DESIRED

• Bachelor's degree required.
• Minimum 3+ years of experience in student housing real estate operations, or asset management.
• Results-Oriented – has a track record of delivering quantifiable results to the organization (i.e. analyze opportunities/risks, develop and execute related action plans and deliver results), highly organized and disciplined.
• Strong Excel and financial modeling skills required.
• Ability to work independently and to carry out assignments to completion.