Greystar Real Estate Partners LLC
Director, Asset Management, Credit
Greystar Real Estate Partners LLC, Charleston, South Carolina, United States, 29408
ABOUT GREYSTAR
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
JOB DESCRIPTION SUMMARY
Greystar Real Estate Partners (“Greystar”) is seeking a Director-level professional who can contribute meaningfully to the formation of a Loan Asset Management function supporting Greystar’s Credit business (“Greystar Credit”). The investment objective of Greystar Credit is to generate above average risk-adjusted returns by i) originating senior and subordinated multifamily bridge loans and preferred equity investments; and ii) purchasing subordinated CMBS securities collateralized by multifamily loans. Greystar is a global investment manager with $78B of AUM and a managed apartment portfolio of ~965K units.
JOB DESCRIPTION
The ideal candidate will have 10-15 years of real estate debt asset management experience, with a focus on both performing and nonperforming term and construction loans. This ambitious and intellectually flexible professional will have broad responsibilities that, in general, can be characterized and evaluated by the ability to accomplish the following:
Play a leadership role in drafting guidelines to monitor loan performance, as well as policies and procedures governing post-closing obligations, and ongoing covenant compliance.
Manage borrower and primary and special servicing relationships, including discussions necessary to evaluate portfolio level risk, loan level modifications/amendments and draw requests.
Collaborate with colleagues in Greystar’s property management, development and investment teams to increase familiarity with markets in which underlying collateral exists, including competitive assets, and broader demographic, employment and investment trends.
Lead loan performance reporting, including collaboration with colleagues in capital markets on reporting requirements from warehouse providers for levered loans.
Support internal and external meetings with existing and prospective fund investors on credit performance of the portfolio.
Greystar is an entrepreneurial, fast-paced, and intellectual environment that rewards professionals who can think and operate independently and collaborate well with colleagues at all levels of the organization. The successful candidate will have a demonstrated track record of the following:
Competency in all stages of transaction execution including term sheet, loan documentation negotiation and loan workout procedures.
Outstanding initiative and ability to demonstrate sound judgement and comportment.
Superior presentation and communication skills, both verbal and written.
Attention to detail with the ability to handle multiple tasks simultaneously.
Strong quantitative, analytical and creative thinking skills.
Bachelor’s degree in a business-related field with significant coursework in either Finance or Mathematics (or an MBA).
ADDITIONAL COMPENSATION :
Corporate Positions : In addition to the base salary, this role may be eligible to participate in an annual bonus program based on individual and company performance.
Onsite Property Positions : In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.
ROBUST BENEFITS OFFERED*:
Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 10 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
For onsite team members, onsite housing discount at Greystar-managed communities.
6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
401(k) with Company Match up to 6% of pay after 6 months of service.
Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
Employee Assistance Program.
Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
Charitable giving program and benefits.
Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information due to Collective Bargaining Agreements and/or local governing authority.
Greystar will consider for employment qualified applicants with arrest and conviction records.
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Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
JOB DESCRIPTION SUMMARY
Greystar Real Estate Partners (“Greystar”) is seeking a Director-level professional who can contribute meaningfully to the formation of a Loan Asset Management function supporting Greystar’s Credit business (“Greystar Credit”). The investment objective of Greystar Credit is to generate above average risk-adjusted returns by i) originating senior and subordinated multifamily bridge loans and preferred equity investments; and ii) purchasing subordinated CMBS securities collateralized by multifamily loans. Greystar is a global investment manager with $78B of AUM and a managed apartment portfolio of ~965K units.
JOB DESCRIPTION
The ideal candidate will have 10-15 years of real estate debt asset management experience, with a focus on both performing and nonperforming term and construction loans. This ambitious and intellectually flexible professional will have broad responsibilities that, in general, can be characterized and evaluated by the ability to accomplish the following:
Play a leadership role in drafting guidelines to monitor loan performance, as well as policies and procedures governing post-closing obligations, and ongoing covenant compliance.
Manage borrower and primary and special servicing relationships, including discussions necessary to evaluate portfolio level risk, loan level modifications/amendments and draw requests.
Collaborate with colleagues in Greystar’s property management, development and investment teams to increase familiarity with markets in which underlying collateral exists, including competitive assets, and broader demographic, employment and investment trends.
Lead loan performance reporting, including collaboration with colleagues in capital markets on reporting requirements from warehouse providers for levered loans.
Support internal and external meetings with existing and prospective fund investors on credit performance of the portfolio.
Greystar is an entrepreneurial, fast-paced, and intellectual environment that rewards professionals who can think and operate independently and collaborate well with colleagues at all levels of the organization. The successful candidate will have a demonstrated track record of the following:
Competency in all stages of transaction execution including term sheet, loan documentation negotiation and loan workout procedures.
Outstanding initiative and ability to demonstrate sound judgement and comportment.
Superior presentation and communication skills, both verbal and written.
Attention to detail with the ability to handle multiple tasks simultaneously.
Strong quantitative, analytical and creative thinking skills.
Bachelor’s degree in a business-related field with significant coursework in either Finance or Mathematics (or an MBA).
ADDITIONAL COMPENSATION :
Corporate Positions : In addition to the base salary, this role may be eligible to participate in an annual bonus program based on individual and company performance.
Onsite Property Positions : In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.
ROBUST BENEFITS OFFERED*:
Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 10 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
For onsite team members, onsite housing discount at Greystar-managed communities.
6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
401(k) with Company Match up to 6% of pay after 6 months of service.
Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
Employee Assistance Program.
Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
Charitable giving program and benefits.
Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information due to Collective Bargaining Agreements and/or local governing authority.
Greystar will consider for employment qualified applicants with arrest and conviction records.
#J-18808-Ljbffr