ColRich
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Base pay range
$100,000.00/yr - $120,000.00/yr From South Africa to Southern California, the ColRich story is a decades-long journey of growth, continuous reinvention and a culture of caring which we call “ColRich Thrive.” Through generations of family ownership, the ColRich brand has evolved, but the company’s foundation remains the same today as in the beginning;
build lasting communities through a culture centered around innovation, humility and a commitment to helping others
. About the Role:
The Asset Manager oversees a portfolio of apartment communities, ranging from stabilized assets to those under significant renovation. This position is accountable for the financial and operating performance of the assets, including delivering the best possible return on investment. The Asset Manager reports to the Managing Director, Asset Management and is a full-time exempt position that is not eligible for overtime. Specific responsibilities include: Execute a hands-on asset management strategy to maximize revenue, expense and capital expenditure targets for each asset in the assigned portfolio. Provide critical and strategic thinking in making key decisions. Oversee all aspects of renovation projects, working closely with design and construction. Establish a thorough business plan and strategy with the objective of maximizing property long term value. Budget and forecast income and expense projections, capital requirements, and risk-return analysis. Track and report on the performance of the asset, against both budget and various business plan milestones. Provide cash management, including understanding investor distributions. Provide clear and efficient guidance to 3rd party property management organizations. Visit assets regularly, tour competing projects and track local market dynamics. Become a market expert in numerous geographies, as well as actively represent ColRich in the marketplace. Track trends in demographics, job growth, economic drivers, supply, as well as any other market forces. Liaise with Investor Relations & Capital Markets department to satisfy investor and lender inquiries, market tours and notifications related to significant updates. Collaborate with ColRich’s acquisitions teams on potential new acquisitions, including due diligence, underwriting, closing, budgeting and business plan creation. Requirements: 5 to 7 years of experience in asset management, ideally with a focus on multifamily. Critical and strategic thinking and an intuitive sense of the dynamics and risks of each transaction. Ability to work both independently and as part of a team. Strong organizational skills and attention to detail. Ability to process work quickly accurately and with changing priorities. Excellent written and verbal communications skills. Strong character and a flexible style. Ability to work successfully with a range of internal individuals (from analysts to the CEO), as well as with external individuals (property managers, consultants and other third parties). Seniority level
Associate Employment type
Full-time Job function
Management and Strategy/Planning
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$100,000.00/yr - $120,000.00/yr From South Africa to Southern California, the ColRich story is a decades-long journey of growth, continuous reinvention and a culture of caring which we call “ColRich Thrive.” Through generations of family ownership, the ColRich brand has evolved, but the company’s foundation remains the same today as in the beginning;
build lasting communities through a culture centered around innovation, humility and a commitment to helping others
. About the Role:
The Asset Manager oversees a portfolio of apartment communities, ranging from stabilized assets to those under significant renovation. This position is accountable for the financial and operating performance of the assets, including delivering the best possible return on investment. The Asset Manager reports to the Managing Director, Asset Management and is a full-time exempt position that is not eligible for overtime. Specific responsibilities include: Execute a hands-on asset management strategy to maximize revenue, expense and capital expenditure targets for each asset in the assigned portfolio. Provide critical and strategic thinking in making key decisions. Oversee all aspects of renovation projects, working closely with design and construction. Establish a thorough business plan and strategy with the objective of maximizing property long term value. Budget and forecast income and expense projections, capital requirements, and risk-return analysis. Track and report on the performance of the asset, against both budget and various business plan milestones. Provide cash management, including understanding investor distributions. Provide clear and efficient guidance to 3rd party property management organizations. Visit assets regularly, tour competing projects and track local market dynamics. Become a market expert in numerous geographies, as well as actively represent ColRich in the marketplace. Track trends in demographics, job growth, economic drivers, supply, as well as any other market forces. Liaise with Investor Relations & Capital Markets department to satisfy investor and lender inquiries, market tours and notifications related to significant updates. Collaborate with ColRich’s acquisitions teams on potential new acquisitions, including due diligence, underwriting, closing, budgeting and business plan creation. Requirements: 5 to 7 years of experience in asset management, ideally with a focus on multifamily. Critical and strategic thinking and an intuitive sense of the dynamics and risks of each transaction. Ability to work both independently and as part of a team. Strong organizational skills and attention to detail. Ability to process work quickly accurately and with changing priorities. Excellent written and verbal communications skills. Strong character and a flexible style. Ability to work successfully with a range of internal individuals (from analysts to the CEO), as well as with external individuals (property managers, consultants and other third parties). Seniority level
Associate Employment type
Full-time Job function
Management and Strategy/Planning
#J-18808-Ljbffr