ED Asset Management

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Job Identification Number: 254

Location: Pasadena, CA

Job Type: Direct Hire

Job Category: Real Estate

Qualified candidates, please attach resume when applying.

Overview

Our client, a leading Real Estate Development and Investment company, is seeking an ED of Asset Management in their Pasadena, California office.

Primary Responsibilities:

  • Oversee asset management activities for existing multi-family apartment buildings and planned new acquisitions of value-add residential and office product.

  • Establish asset specific strategies that produce long term growth in asset value and cash flow

  • Oversee third party property managers (and in certain cases internal property managers) to meet financial and strategic property plans

  • Monitor asset performance including Revenue, NOI, cash flow and asset values and progress towards achieving asset strategies

  • Work with Acquisitions Team to provide input on underwriting assets, perform due diligence and evaluating assets for potential disposition. Work on property closings and initial set up of assets upon acquisition

  • Work with internal accounting team on quarterly reporting requirements

  • Engage with property management and company management to develop strategies to improve property performance

Qualifications:

  • Bachelor’s Degree in Business or related field required

  • 10+ years’ experience in real estate asset management; experience managing West Coast multifamily properties

  • Experience analyzing competitive market information and establishing performance benchmarks.

  • Availability to be out of office up to 30%