Job Description The Asset Management Associate contributes to the executionand implementationof the strategies and programs that drive the financial and operational performance of the Development group by gathering and analyzing market and property data identifying opportunities for improving and/or operational performance, managing strategies that promote review or client satisfaction enhancement and performing other analytical tasks that support the daily operation of the business.
Education College degree in real estate, business or finance. MBA preferred. Responsibilities
Conducts financial analysis of development assets, including the creation of detailed pro-forma and financial models. Gathers, compiles, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property level and market trends.
Collaborates on new investment committee memos, financing or disposition recommendations and updates on existing development assets.
Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders and other key stakeholders, and appropriately manages on-going communications related to development transactions.
Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
Organizes and/or leads in the due diligence of assets under contract and develops documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region. Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
Works with internal teams and external parties to implement process improvements that target increased revenue, reduced costs, promote efficiencies and promote the overall performance of the asset(s).
Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports.
Performs various functions on a regular basis, including the monitoring, reporting and proactive problem solving of the assets(s) within the assigned geographic region.
Coordinates with consultants related to real estate tax protests.
Assists with the preparation of annual asset level business plans including review of operating budgets, market analysis, real estate tax forecast and disposition strategy.
Participates and coordinates due diligence materials for assets under disposition.
1-3 years of experience within the multifamily industry, ideally with a brokerage firm.
Strong analytical background is essential. Experience underwriting and creating detailed financial models is required.
Internal Number: 39636BR
National Platform with Local ExpertiseGreystar, founded in 1993, provides world-class service in the multifamily real estate business. Our innovative business model integrates the management, development and investment disciplines of the multifamily industry on both national and local levels. This unique approach and our commitment to hiring the very best multifamily professionals have resulted in record growth, making us one of the most respected and trusted multifamily real estate companies in the country.Because our business model includes both investment and service-oriented businesses, we’re able to maintain a constant presence in local markets and create value in all phases of the real estate cycle. Our national platform provides economies of scale, financial sophistication, institutional quality reporting and tremendous capital relationships, while our city offices provide local market expertise and execution.Our dedication to redefining excellence in apartment living means we’re constantly exploring innovative ideas and pioneering new ways to serve our residents and clients. The Greystar team is more than 5,300 team members strong and growing. Check out the latest opportunities.