SVP, Multifamily Asset Manager

Mesirow; Chicago (IL); On-site; USD 150,000 - 250,000; Full time

Job summary

Mesirow Institutional Real Estate is seeking an Asset Manager to join our growing team in Chicago. The ideal candidate has a strong operating background in multifamily operations and asset management, overseeing property performance and capital improvement strategies.

You will collaborate with the Portfolio Manager and Head of Asset Management to optimize financial results. We offer a competitive compensation package with base salary, performance-based incentives, and a comprehensive benefits

Qualifications

• Minimum of 10 years of experience in property management, real estate asset management, with a focus on multifamily properties.
• Bachelor's degree in Real Estate, Engineering, Business Administration, or related field.
• Excellent communication, negotiation, and interpersonal skills.
• Proven track record of driving financial performance and operational excellence in multifamily real estate portfolios.

Responsibilities

• Implement comprehensive asset management plans to optimize the financial performance of selected individual assets.
• Collaborate with third-party property management teams to ensure efficient day-to-day operations, including implementation of capital plans, driving top line growth, and stringently managing expenses.
• Conduct regular property inspections and assessments to identify maintenance needs, capital improvement opportunities, and risk mitigation strategies.
• Monitor financial performance against budgetary goals and proactively address variances.
• Will work on approximately 8-10 assets in 4 to 5 specific markets throughout the U.S.

Skills

Asset management

Real estate

Negotiation

Interpersonal skills

Education

Bachelor's degree in Real Estate, Engineering, Business Administration, or related field

Job description

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. We are proud of our employee-owned culture, built on collaboration and shared success, empowering our professionals to develop meaningful relationships, pursue growth opportunities and make a lasting impact for our clients and communities. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms.

Mesirow Institutional Real Estate is a leading real estate private equity manager specializing in multifamily value-added properties and ground up development in the top 25-30 markets throughout the U.S. We pride ourselves on delivering exceptional returns to our investors while providing high quality housing options for residents. Our team is dedicated to maximizing the value of our portfolios through thoughtful hands-on asset management process.

The Opportunity:

We are seeking an Asset Manager to join our growing team. The ideal candidate will possess a strong operating background in multifamily operations and asset management. They will be responsible for overseeing individual property operations, performance, and capital improvement strategies. The individual will work directly with the Portfolio Manager and our Head of Asset Management.

Mesirow Institutional Real Estate offers competitive compensation packages, including base salary, performance-based incentives, and comprehensive benefits. Our team members enjoy a collaborative work environment, professional development opportunities, and the chance to make a meaningful impact in the real estate industry.

Responsibilities:

• Implement comprehensive asset management plans to optimize the financial performance of selected individual assets.
• Collaborate with third-party property management teams to ensure efficient day-to-day operations, including implementation of capital plans, driving top line growth, and stringently managing expenses.
• Conduct regular property inspections and assessments to identify maintenance needs, capital improvement opportunities, and risk mitigation strategies.
• Monitor financial performance against budgetary goals and proactively address variances.
• Will work on approximately 8-10 assets in 4 to 5 specific markets throughout the U.S.

Qualifications:

• Minimum of 10 years of experience in property management, real estate asset management, with a focus on multifamily properties.
• Bachelor's degree in Real Estate, Engineering, Business Administration, or related field.
• Excellent communication, negotiation, and interpersonal skills.
• Proven track record of driving financial performance and operational excellence in multifamily real estate portfolios.

In accordance with the Illinois Pay Transparency Law, the anticipated hiring base salary for the role will be between $150,000 and $250,000 per year. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, also provides the opportunity for a bonus and theMesirow benefit program.

EOE

Equal Opportunity Employer

The Company:

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. We are proud of our employee-owned culture, built on collaboration and shared success, empowering our professionals to develop meaningful relationships, pursue growth opportunities and make a lasting impact for our clients and communities. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms.

Mesirow Institutional Real Estate is a leading real estate private equity manager specializing in multifamily value-added properties and ground up development in the top 25-30 markets throughout the U.S. We pride ourselves on delivering exceptional returns to our investors while providing high quality housing options for residents. Our team is dedicated to maximizing the value of our portfolios through thoughtful hands-on asset management process.