Asset Manager

Providence Real Estate, a leading Chicago-based multifamily owner operator and fund manager specializing in nationwide investments for institutional and private investors is currently recruiting for a Multifamily Asset Manager.  Providence was founded in 1985 and has acquired approximately $1.5 billion of assets throughout the U.S. We offer a competitive salary and benefits program, paid time off, 401(k) with company match and much more!  

 

KEY RESPONSIBILITIES/ DUTIES:

Asset and Portfolio Monitoring and Optimization

Property and Portfolio Strategy

Drive the Providence investment strategy, value creation and outperformance through direct strategic and tactical oversight of property operations, leasing and capital deployment  

Business Plan Execution

Develop, communicate, and effectuate the Providence annual business plans through actively coordinating property management, leasing, accounting, legal, appraisal, tax, research personnel as well as third-party consultants  

Capital Improvement Oversight

Evaluate and oversee capital improvements and value add strategies, with specific knowledge in the execution of interior unit renovation plans  

Asset Performance Monitoring

Measure and monitor asset performance against a variety of benchmarks including; Providence objectives, pro-forma metrics, budget and market comparables  

Market Analysis

Understand current market trends related to the demographics, job growth, economic drivers and product supply that affect a portfolio and act on them  

Property Inspections

Perform regular market visits and property inspections for assigned assets; frequent, independent travel required  

Acquisition and Disposition Execution

Collaborate with acquisition and disposition teams throughout the life of an asset to communicate and achieve Providence investment objectives

 

Communications

Joint Venture Partner Relationship Management

Manage key equity joint venture partner relationships acting as the primary point of communication both internally and externally  

Fund Investor Communications

Manage regular fund communications, including quarterly informational newsletters and periodic investor conference calls  

Internal Communications

Facilitate and manage the flow of information between property management, acquisitions and corporate management  

Skills/Competencies

• Candidate should be a self-starter with proven communication skills and an ability to work within a team environment
• Strategic thinking with an ability to execute tactically
• Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization
• Experience in working with Revenue Optimization Systems (Yieldstar or LRO) is a plus

 

Qualifications/Experience

Position is based in Chicago's North Shore (Glenview) Minimum of:

• 3 years' experience in the real estate industry
  • Preference is for experience in asset management
  • Preference is for experience in the multifamily industry
• A Bachelor's degree is required

  Providence Real Estate is a Drug Free Workplace and an Equal Opportunity Employer For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website.