Article Student Living
Director, Asset Management
Article Student Living, Chicago, Illinois, United States, 60290
Home Office, 311 N. Green Street, Chicago, Illinois, United States of America
Req #223Wednesday, August 14, 2024Article Student Living is looking for a real estate professional with
at least seven years of
relevant student housing or multifamily residential real estate experience for the Director, Asset Management position located at Article’s headquarters in Chicago, IL.Experience in asset and investment management and real estate analytics is required.
You will
work in a growing firm focused on student housing development and investment.Our mission at Article Student Living is to provide an exciting, growing environment with an excellent benefits package. We have an atmosphere of entrepreneurial culture with institutional execution and allow individuals to take immediate responsibility to excel and grow in their positions.This roleis basedat our home office in the Fulton Market area. It requires in-office attendance 4 to 5 days per week,and
you will
travel up to 30% of the time.You
will report to the
Head of Asset Management.Your Mission:
Produce and implement strategies to lead value and manage riskImplement business plans and maximize investor returns for a portfolio of assetsDirect leasing, capital, and operations teams to lead performanceMonitor the investment from the development stage through disposition including initial lease-up and stabilizationManage the relationship and communication with investors and joint venture partnersYou will
evaluate investment and property operating performancePrepare cash flow forecastsMaintain forward-looking financial models and prepare quarterly asset valuationsCommunicate with the Vice President and Senior Vice President, Asset Management on status and property performanceYou will
prepare strategic asset reviews and hold-and-sell analyses, and present recommendations to the executive team and investorsWork with the Debt Capital Markets team on loan covenant compliance and refinancing'sPartner with the Investment Management team on recapitalizationsYou will
manage the disposition process, including broker selection, LOI, PSA negotiation, and closing, alongside Legal and Investment ManagementProvide geographic and capital market knowledge input on new investment opportunitiesVisit assets and markets to monitor performance and cultivate and enhance market relationshipsProvide leadership and work with property management staff to develop, review, revise, and approve budgets and business plansOversee the execution of capital projects with Property Management and Construction ManagementYou will
provide oversight to consultants, brokers, contractors, vendors, and legal counselYour Track Record:
Minimum of 7+ years of
prior real estate asset management and investment analytical experienceBachelor's degree requiredExperience in student housing or multifamily residential requiredTechnical skills with proficiency in
Excel (can perform complex functions) , Word, and PowerPoint.Experience managing internal and external relationshipsTeam playerProcess-improvement focusedEthical, collaborative, and open professionalYour Style:
Analytical and Creative - You like producingcreativesolutions to new challenges and having the opportunity tolive in the gray.Communicative - You enjoy helping others and sharing best practices.Diligent and Productive - You are composed and appreciate completing tasks, achieving deadlines, and working with individuals across all levels.Motivated - You invest extra energy to reach your goals because you take pride in your work.Team Player - You are united with teammates willing to step in and help when needed.Health (PPO or HSA),
dental, and visionFlexible PTO13
paid holidays401K
– 100% match up to 5%Annual review and bonus programPaid parental leaveArticle Student Living provides equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, ancestry, national origin, citizenship, sex or gender (including pregnancy, childbirth, and pregnancy-related conditions), gender identity or expression, sexual orientation, marital status, religion, age, disability, genetic information, or any other characteristic protected by applicable federal, state or local law.Home Office, 311 N. Green Street, Chicago, Illinois, United States of America
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Req #223Wednesday, August 14, 2024Article Student Living is looking for a real estate professional with
at least seven years of
relevant student housing or multifamily residential real estate experience for the Director, Asset Management position located at Article’s headquarters in Chicago, IL.Experience in asset and investment management and real estate analytics is required.
You will
work in a growing firm focused on student housing development and investment.Our mission at Article Student Living is to provide an exciting, growing environment with an excellent benefits package. We have an atmosphere of entrepreneurial culture with institutional execution and allow individuals to take immediate responsibility to excel and grow in their positions.This roleis basedat our home office in the Fulton Market area. It requires in-office attendance 4 to 5 days per week,and
you will
travel up to 30% of the time.You
will report to the
Head of Asset Management.Your Mission:
Produce and implement strategies to lead value and manage riskImplement business plans and maximize investor returns for a portfolio of assetsDirect leasing, capital, and operations teams to lead performanceMonitor the investment from the development stage through disposition including initial lease-up and stabilizationManage the relationship and communication with investors and joint venture partnersYou will
evaluate investment and property operating performancePrepare cash flow forecastsMaintain forward-looking financial models and prepare quarterly asset valuationsCommunicate with the Vice President and Senior Vice President, Asset Management on status and property performanceYou will
prepare strategic asset reviews and hold-and-sell analyses, and present recommendations to the executive team and investorsWork with the Debt Capital Markets team on loan covenant compliance and refinancing'sPartner with the Investment Management team on recapitalizationsYou will
manage the disposition process, including broker selection, LOI, PSA negotiation, and closing, alongside Legal and Investment ManagementProvide geographic and capital market knowledge input on new investment opportunitiesVisit assets and markets to monitor performance and cultivate and enhance market relationshipsProvide leadership and work with property management staff to develop, review, revise, and approve budgets and business plansOversee the execution of capital projects with Property Management and Construction ManagementYou will
provide oversight to consultants, brokers, contractors, vendors, and legal counselYour Track Record:
Minimum of 7+ years of
prior real estate asset management and investment analytical experienceBachelor's degree requiredExperience in student housing or multifamily residential requiredTechnical skills with proficiency in
Excel (can perform complex functions) , Word, and PowerPoint.Experience managing internal and external relationshipsTeam playerProcess-improvement focusedEthical, collaborative, and open professionalYour Style:
Analytical and Creative - You like producingcreativesolutions to new challenges and having the opportunity tolive in the gray.Communicative - You enjoy helping others and sharing best practices.Diligent and Productive - You are composed and appreciate completing tasks, achieving deadlines, and working with individuals across all levels.Motivated - You invest extra energy to reach your goals because you take pride in your work.Team Player - You are united with teammates willing to step in and help when needed.Health (PPO or HSA),
dental, and visionFlexible PTO13
paid holidays401K
– 100% match up to 5%Annual review and bonus programPaid parental leaveArticle Student Living provides equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, ancestry, national origin, citizenship, sex or gender (including pregnancy, childbirth, and pregnancy-related conditions), gender identity or expression, sexual orientation, marital status, religion, age, disability, genetic information, or any other characteristic protected by applicable federal, state or local law.Home Office, 311 N. Green Street, Chicago, Illinois, United States of America
#J-18808-Ljbffr