Director of Asset Management

Four Peaks Capital – Director of Asset Management

Four Peaks Capital (“Four Peaks”) is a rapidly growing real estate private equity firm seeking a full-time asset manager to join its team. The asset manager will be responsible for the oversight of a portfolio of apartment communities located across the Western United States.

Founded in 2019 and based in Los Angeles, California, Four Peaks focuses on acquiring and operating value-add multifamily real estate in high-growth western U.S. markets. Over the past 24 months, Four Peaks has completed over $300mm of acquisitions and is currently investing its first fund, Four Peaks Fund 1, LP. Four Peaks is looking for a dedicated, highly motivated analyst to join its rapidly growing and dynamic team.

The asset manager will be responsible for and oversee the ongoing performance of each property, largely through overseeing third party managers, capital improvements, assisting with lender and investor reporting, and the execution of the overall business plan for the properties in their portfolio.

Essential Functions:

• Provide strategic direction for a diverse multifamily portfolio.
• Manage third-party property management firms, including onsite and regional staff.
• Manage contractors to renovate and improve individual assets.
• Visit all properties within the portfolio on a regular basis to oversee the operations and on-site staff, and occasional travel to other, out of the area, markets.
• Development of and successful execution on operating budgets, capital investment plans, leasing/marketing plans, cost control strategies, risk management strategies, and other significant operational items with the goal of increasing/maximizing value.
• Review financial reporting and variance analyses and coordinate with accounting personnel to ensure that financial statements are accurately presented.
• Perform property inspections to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation and any issues that may require additional action.
• Understand the local markets, competitive apartment communities, the development pipeline, and other economic drivers that could impact asset performance.
• Assist with due diligence to support new property acquisitions.

• Bachelor’s degree required
• 5-10 years of prior market rate, multifamily real estate asset management experience.
• Qualified candidates will have overseen a portfolio of diverse multifamily communities.
• Strong skills and demonstrated experience in multifamily asset management and/or   operations
• Thorough understanding of reporting and financial statements
• Knowledge of and experience managing multifamily value add projects and business plans
• Team player with the ability to work independently, manage time efficiently, and multi-task.
• Exceptional organizational and problem-solving skills.

Timing:

• Candidates must be able to start by February 2022 to be considered.