Analyst, Asset Management - Related Affordable

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. The company owns and manages a premier portfolio of assets valued at over $70 billion and believes in investing in its talent through a positive, team-oriented environment.

About the role

The Analyst, Asset Manager will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role supports the Vice President – Asset Management in tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures, rent collection, and leasing opportunities. The position is onsite five days a week at the Dallas office and reports to the Vice President - Asset Management.

Responsibilities

• Asset manage a portfolio of approximately 40 assets.
• Work closely with the Portfolio Management Team to contribute to standard reporting packages, such as budget variance reports and site inspection reports.
• Conduct periodic inspections of all assets in the designated portfolio, with particular attention to troubled assets.
• Assist in identifying and escalating significant issues to the Vice President - Asset Management and the Portfolio Management Team.
• Attend weekly asset management calls to learn and contribute to discussions on best practices.
• Participate in regular portfolio management meetings relevant to assigned properties.
• Contribute to the annual property budgeting process for assigned properties.
• Perform monthly operations reviews of the portfolio and present a monthly watch list for applicable assets.
• Collaborate with the Portfolio Management Team to update the property database.
• Assist the Portfolio Management Team to maximize Section 8 contract rents for the sub-portfolio.
• Support budget-based rent increase requests as needed.
• Collaborate with the Portfolio Management Team to review operations, procedures, and spending to identify opportunities for implementing best practices.

Requirements

• Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group.
• BS/BA degree preferred.
• Basic knowledge of finance, operations, and accounting principles in commercial real estate, with a willingness to learn; Affordable Housing knowledge is a plus.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Strong written and oral communication skills.
• Strong organizational skills with attention to detail.
• Demonstrated eagerness to learn, contribute, and grow within the team.
• Ability to collaborate effectively with property management and ownership teams.
• A diplomatic and assertive approach, coupled with self-motivation.
• Curiosity and a willingness to explore new approaches and solutions.
• Flexibility to travel to properties.

Pay

Anticipated base salary range: $80,000 - $90,000. Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.