Asset Manager

About the role

The Asset Manager position is an integral part of the DLP Portfolio Management team, responsible for leading, managing, and executing on a broad range of asset and investment-related activities. Your role involves monitoring and reporting on investment and property performance, partnering in the creation of long-term management strategies that increase the value of our assets.

Responsibilities

• Monitor investment and property performance to preserve and increase the value of the investment throughout the asset life.
• Work with internal and external property management teams to drive asset performance in accordance with the approved budget and business plan.
• Maintain business relationships with general partners/developers, management agents, lenders, contractors, and third-party consultants as it relates to the flow of relevant and timely asset-related communication.
• Provide accurate, thorough, and well-articulated, timely investor reporting each month.
• Assess performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Analyze data and present actionable recommendations to senior leadership on a monthly and quarterly basis, driving performance relative to the original underwriting strategies or business plans.
• Work with joint venture partners, construction management, property management, and accounting teams to ensure effective management of lender/construction draws, reserves, and lender holdbacks within the assigned portfolio.
• Hold third-party property management companies accountable to business strategy and achievement of budget expectations through weekly performance update meetings, monthly reporting, and ongoing communication.
• Research and recommend innovative strategies and technologies that can drive performance and value to the portfolio.
• Stay abreast of business and market trends and provide recommendations for expense savings and income opportunities.
• Work closely with internal and external property management teams to review, approve, build, and manage capital expenditures budgets for assets.
• Perform financial analysis of properties including operating statements, budget variance review, loan administration, lease analysis, and any other relevant reporting or documentation.
• Conduct regular property visits to ensure compliance with business plan, industry best practices, and to assess the general operational and capital needs of the property.
• Review and gain understanding of legal documents such as loan agreements, guarantees, and promissory notes, and coordinate with the borrower and respective staff to ensure the loans remain in compliance.
• Have an in-depth understanding of competitors within our target markets. Utilize this knowledge to drive performance of the properties within the assigned portfolio.
• Develop a written, defined Success Action Plan for prompt turnaround of underperforming assets within assigned portfolios.
• Perform other duties related to asset management as assigned or required.

Qualifications

• Local to Houston, TX
• Background in multifamily operations
• Experience working with internal and external investment partners is preferred
• 3-5+ years of asset management experience overseeing repositioning, redevelopment, and heavy value-add properties

Skills

• Strong analytical skills
• Excellent communication and relationship-building abilities
• Proficiency in financial modeling and analysis
• Knowledge of multifamily real estate investment and management
• Ability to work independently and as part of a team

Benefits

• Unlimited PTO
• Health/dental/vision/life insurance
• 401(k) matching
• Parenthood leave
• Adoption services reimbursement
• Learning/educational incentives
• Volunteer Time Off
• Well-being programs
• Company events
• Self-improvement/productivity tools
• The incredible feeling of making a difference

Pay

Compensation is commensurate with experience.

Schedule

Full-time position.