Senior Asset Manager

Responsibilities RFM manages several investment vehicles that acquire, renovate, and operate multifamily properties, with approximately 10,000 units owned across these investment vehicles today, with plans to acquire an additional 5,000 units over the next 3 years. The investment vehicles target multifamily opportunities in high-growth, primary and secondary markets throughout the Sun Belt, with each opportunity having a distinct business plan that includes some degree of value enhancement. The Asset Manager will directly oversee approximately 10 multifamily assets in two regions, work closely with the RFM investments team, third-party property managers, and outside consultants, investors, and lenders, and ultimately report to the Managing Director responsible for RFM’s national multifamily equity and credit investment activities. Manage the ownership/property management relationship by providing regular and on-going communication, clear direction of objectives and initiatives, timely and comprehensive reporting, and effective resolution of issues, concerns, questions, and requests. Support the RFM investments team in developing and finalizing the business plan for potential acquisitions, including detailed scope, cost, and timeline of any value-add strategies. Review and finalize annual budgets proposed by third-party property managers, ensuring each meets or exceeds business plan underwriting, is in-line with market and industry standards, and NOI is maximized through effective revenue growth strategy and expense saving measures, with controlled and deliberate capital spend. Lead weekly calls between the asset management team and the Managing Director by providing clear and concise updates on asset performance. Monitor the financial budgeted-to-actual variances and operational performance of each asset on a monthly basis, and identify and investigate deficiencies or opportunities, and guide the development of appropriate action plans that correct deficiencies or maximize opportunities. Review market surveys and research presented by third-party property managers and third-party data providers, identify emerging trends, assess impact on owned assets, and direct strategy accordingly. Collaborate with outside consultants (e.g. tax advisors, insurance brokers, interior designers), as well as communicate quarterly and annual financial results to investors and lenders, as needed. Oversee the cash management process, including tracking capital expenditures spend, managing operating and capital reserve balances and disbursement requests to lenders, and handling cash surplus distributions to investors. Assist in the disposition process for any properties that are placed on the market for sale, including broker selection, marketing material review and approval, buyer inquiry response, due diligence management, proration and closing statement generation, and post-closing true-up settlement. Keep abreast of current changes in technology, processes, and standards within the industry by attending industry conferences and/or subscribing to professional publications, and apply knowledge and practices to areas of responsibility. Qualifications Minimum of Bachelor’s degree in Finance/Accounting/Economics or similar field. Minimum of 10 years of overall real estate experience, with 5+ years of direct asset management experience, preferably in the multifamily sector. Employment history that demonstrates progressive levels of responsibility, as well as successful execution of specific revenue/expense management initiatives in order to meet financial business plans. Experience in successfully implementing and overseeing significant value-add capital projects to achieve appropriate ROI, preferably of existing Class B/C multifamily assets. Demonstrated ability to read, write, and communicate effectively, including presenting to ownership, senior management company officers, and outside investors and lenders. Proficiency in excel spreadsheets and word processing, and proven ability to produce accurate, detailed quarterly/annual performance and ad hoc reporting. In-depth knowledge of budgeting process and financial statements, including income statements and balances sheets. Strong interpersonal skills, including demonstrated ability to supervise others and multi-task with several parties involved to meet tight deadlines. Travel will be required on a quarterly basis for owned-assets, and occasionally for potential acquisitions. Overview Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related Fund Management (“RFM”) is the investment management arm of Related Companies. RFM was formed in 2010 and manages equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans, and family offices. RFM manages approximately $14 billion in assets (AUM), and is primarily focused on core-plus, value-add, and opportunistic real estate investments and the origination and acquisition of loans and debt securities. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at

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