Associate Real Estate Asset Manager

Position Overview:
Assist and support the nonprofit real estate team in all aspects of portfolio and asset management, coordination and supervision of property management, fulfilling reporting requirements and monitoring individual and portfolio performance. Portfolio includes multifamily affordable housing, supportive housing, and commercial properties.
The Associate Real Estate Asset Manager is a full-time position located in Durham, North Carolina. Salary range is $60,000 – $75,000 annually and benefits include health, dental, vision, and retirement benefits.
Responsibilities and Duties:
• Review properties to gain a thorough understanding of the “deal” including financing, regulatory requirements, reporting, and owner goals.
• Work with property management to manage day-to-day operations such as maintenance and tenant relations to ensure that the potential of the property’s value is maximized. Recommend strategies for maximizing value and returns for assets and monitor to ensure performance is meeting ownership objectives.
• Provide property management for three commercial office properties, including lease updates, tenant management, and maintenance and repairs.
• Review property rent roll and leasing reports monthly for accuracy.
• Create, implement, and maintain various tracking criteria related to property operations and performance.
• Oversee compliance of properties.
• Coordinate and oversee monthly/quarterly financial review of portfolio. Prepare reports about the status of real estate assets, including occupancy rates, rental income, operating expenses, and capital requirements.
• Prepare and review annual operating budgets and asset management plans. Compare projections to original proforma and analyze variances.
• Monitor reserve balances to ensure appropriate funding and draw down requests are made accurately and timely.
• Communicate effectively with real estate team, property management, finance staff, and leasing agents.
• Visit assigned sites and participate in site audits and property inspections, as requested.
• Assist with due diligence on potential acquisition opportunities and assist with preparation of proforma income statements for underwriting purposes.
• Other special projects and job-related duties, as assigned
Qualifications
• BA in Accounting, Finance, Business Administration or Real Estate
• 2-5 years of experience working in a related position (Acquisitions, Portfolio Management, etc.) with a strong understanding and knowledge of real estate. Preference for experience with affordable and/or supportive housing.
• Strong analytical and organizational skills
• Proficiency in financial modeling using Excel
• Detail-oriented with the ability to multitask
• Excellent verbal and written communication skills.
• Proficiency with Outlook, Word, Excel
• Strong capacity to learn new software

To apply send your cover letter and resume to jobs@reinvestmentpartners.org

Reinvestment Partners is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.