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Director Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10022
Country
United States

This job is no longer active.

Description


As Axonic Properties’ real estate business continues to scale, the group is seeking to hire an experienced asset manager in the multifamily and residential housing space. Axonic’s Asset Management team uniquely represents a combination of the real estate and corporate private equity function in which asset managers work directly with property level and fund personnel to maximize the value of the underlying properties and business.

 

This individual will lead the asset management function and help in developing and implementing key initiatives for Axonic’s apartment, student housing and condominium portfolio located in Florida and Texas. In addition to setting strategic direction and driving value creation, this individual will also spearhead due diligence for new acquisitions and other transaction-related activities. This individual will coordinate with fund personnel and principals on asset strategy, fund management and reporting to ensure consistency in portfolio strategy.

 

This individual will be based in New York but will have frequent travel to properties in Florida, Texas and other markets as necessary.

 

Key Responsibilities:

 

  • Drive the development and execution of capital improvement value-creation strategies across new and existing investments
  • Oversee revenue management function including setting property rents by analyzing market surveys and property leasing performance
  • Interface with Axonic Properties principals to develop and implement key initiatives both within the company and at the asset level
  • Lead weekly property management conference calls with on-site management team and fund personnel
  • Conduct monthly visits to each property in Axonic's portfolio and more frequent visits to properties undergoing complex capital improvements
  • Manage acquisition due diligence processes including creating capex budgets, oversight of appraisal and 3rd party reports
  • Manage disposition processes and buyer due diligence requests
  • Proactively establish and maintain various industry contacts and relationships across the regions and nationally through various networking and real estate associations. This includes establishing a network with peers, competitors and vendors
  • Maintain a strong sense of urgency and enthusiasm while maintaining the highest standards and integrity

 

Qualifications:

Axonic seeks to hire individuals who are highly motivated and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:

 

  • 5+ years of experience in a residential real estate role such as asset management, development or portfolio management
  • Prior investment or asset management experience in a residential sector such as multifamily, student housing or SFR, ideally at scale and across Florida, Texas or other sunbelt markets.
  • Demonstrated facility in transaction execution, including successfully managing all stages of ongoing asset management and dispositions
  • Experience with property management software, preferably Resman or Appfolio
  • High level of competence with respect to analysis, due diligence, property and portfolio valuation, leading negotiations, and strategic recommendations
  • Effective conflict resolution skills, with a proactive and positive approach to problem-solving
  • Team-orientation and ability to work effectively and cooperatively with both peers and junior professionals in a fast-paced and dynamic environment
  • An entrepreneurial spirit, with strong work ethic and high degree of self-motivation
  • Outstanding communication skills, both written and verbal
  • Strong attention to detail, integrity and professionalism; willingness to dig in as needed and delegate appropriately

This job is no longer active.

Asset / Portfolio Management Retail New York Full Time NY Asset Management Asset Manager other