Asset Management Associate

• Participate in the handoff process specifically in collecting and providing due diligence as properties move from development to operations/asset management
• Analyze asset performance and benefit delivery against both annual operating budget and underwriting pro forma, maximize property level cash flows
• Analyze rent roll, lease expiration schedule, vacancy rates, unit availability and marketing/leasing efforts to maximize occupancy and collection rates
• Liaise with operating partners to ensure optimal property financial performance
• Develop annual asset management plans and propose long-term strategies for refinancing, buying out partners, resyndicating or disposing of existing properties
• Evaluate, assign and monitor property performance and identify watch list properties for the assigned portfolio in accordance with L+M asset management guidelines
• Work with team to prioritize issues and develop action plans to address challenges
• Review and analysis of monthly operating reports
• Develop and formalize asset management strategy and processes to maintain and improve assets
• Provide proactive, hands-on asset management

• Bachelor’s degree required
• Advanced degree in business, Real Estate or Urban Planning preferred
• 3-5 years in real estate or a related field
• direct affordable asset management experience preferred
• Understanding of affordable housing programs
• Working knowledge of real estate asset management with significant exposure to multifamily underwriting, development and property management preferred
• Financial modeling and quantitative skills
• Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports
• Must be able to travel to sites to perform periodic site visits
• Self-motivated and proactive with an established track record of getting things done effectively and independently
• A team player, able to work in an entrepreneurial environment, balance changing priorities and meet deadlines
• Strong interpersonal skills for establishing and maintaining effective professional working relationships with internal and external constituents while handling challenging situations

• Advanced degree in business, Real Estate or Urban Planning preferred
• direct affordable asset management experience preferred
• Working knowledge of real estate asset management with significant exposure to multifamily underwriting, development and property management preferred

competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization