Portman Holdings, LLC
Asset Manager
Portman Holdings, LLC, Atlanta, Georgia, United States, 30383
Founded in 1957 by the renowned architect John C. Portman Jr., who pioneered the innovative concept of the architect as developer, our company has built a legacy of excellence and innovation in the real estate industry. Over the decades, we have accumulated a wealth of experience and fostered strong, enduring relationships that drive value for our capital partners, tenants, and the communities we serve. By maintaining a steadfast commitment to quality, integrity, and innovation, we have earned the trust and respect of our stakeholders. Our collaborations with investors, tenants, and community leaders are characterized by transparency, mutual respect, and a shared goal of creating spaces that enhance the urban experience and contribute positively to society.Today, the company is led by Chairman and CEO, Ambrish Baisiwala and President, John Portman, IV. Our diverse team establishes the benchmark for excellence in crafting office spaces, residential homes, industrial warehouses, hospitality venues, and retail complexes, both as integrated mixed-use developments and stand-alone projects throughout the United States. Their unwavering commitment and unmatched expertise empower us to bring visionary concepts to life.SUMMARYThis role consists of delivering asset management business objectives for under-development and operating properties. The primary asset class for the role will focus on newly delivered class A+ multifamily assets, but may also include select mixed-use, office, hospitality, and industrial assets. The Asset Manager will be responsible for working with in-house and third-party property management firms to maximize the portfolio performance, profitable growth, and optimal utilization of resources to achieve the strategic objectives of the firm. The ideal candidate will have demonstrated success managing asset operations for a variety of asset types and geographies, but with strong experience in the multifamily sector.Responsibilities:Drive performance and value maximization of an operating portfolio of class A+ multifamily assets, plus select mixed-use, office, hospitality, and industrial assets.Oversee third-party property managers through constant contact and feedback, including conducting regular meetings with the team to communicate expectations, provide feedback, and ensure alignment with company objectives.Support third-party property manager’s multifamily marketing, leasing and pricing strategies.Identify and implement plans to improve the assets, either physically, operationally or procedural.Ensure regular and ad hoc required lender and partner financial reporting is completed and delivered on-time and in compliance with reporting requirements.Work proactively with development team to support operational success of new projects.Manage the annual property budget process.Follow and control expenditures, including capital project coordination, to ensure assets are performing within budget.Lead due diligence efforts and assist in the closing of capital events including dispositions, refinances, and partner buyouts.Any additional duties as required in support of the Asset Management and greater Portman team’s goals to maximize the investment returns of the projects and new developments.REQUIRED EDUCATION, KNOWLEDGE, SKILLS & ABILITIES
Bachelor’s or master’s degree in real estate, engineering, finance, hospitality, or similar fields preferred.5-10 years of experience in the asset management of institutional real estate, with hospitality, multifamily and office exposure strongly preferred.Exceptional knowledge and experience in leasing, accounting, and property operations.Solid experience creating and managing a budget and producing monthly, quarterly, and yearly property management and asset management reports, business plans, and lender compliance packages.Expert understanding of joint venture agreements, real estate investment returns, waterfalls and loan documentation.Exceptional analytical skills with careful attention to detail and accuracy.Proficiency in Microsoft Office, particularly Excel.Excellent organizational skills with the ability to plan, prioritize, and manage multiple tasks.Ability to work independently with minimal direction and oversight.Travel required up to 25% with overnight stay.
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Bachelor’s or master’s degree in real estate, engineering, finance, hospitality, or similar fields preferred.5-10 years of experience in the asset management of institutional real estate, with hospitality, multifamily and office exposure strongly preferred.Exceptional knowledge and experience in leasing, accounting, and property operations.Solid experience creating and managing a budget and producing monthly, quarterly, and yearly property management and asset management reports, business plans, and lender compliance packages.Expert understanding of joint venture agreements, real estate investment returns, waterfalls and loan documentation.Exceptional analytical skills with careful attention to detail and accuracy.Proficiency in Microsoft Office, particularly Excel.Excellent organizational skills with the ability to plan, prioritize, and manage multiple tasks.Ability to work independently with minimal direction and oversight.Travel required up to 25% with overnight stay.
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