Trammell Crow Residential is seeking an experienced Director, Asset Management to oversee the strategic asset management processes for the Company’s stabilized multifamily assets in Dallas, Texas. This individual will interface/coordinate with TCR’s asset management, development and construction teams, as well as 3rd party property management providers.
Primary Responsibilities
- Manages third party property management companies to ensure optimization of rents and expenses at the property
- Monitors property performance including marketing, leasing, and management activities to ensure the property is operating in line with forecasts
- Reports key metrics, trends and variances to previous forecasts and implements proactive strategies to resolve operational, financial, and compliance problems
- Visits properties on a frequent basis. Regularly walk vacancies and common areas to ensure properties condition, appearance and marketability; approximately 40% travel required
- Participates in asset budgeting and portfolio review processes, identifies capital project for properties, and develops operating benchmarks to monitor costs
- Supports the pursuit / underwriting process by developing rent and expense assumptions from analysis of internal and external competitive properties
- Underwrites property strategy and participates in selling, re-financing, organizing, and operating of the company’s real estate investments
- Monitors asset for legal compliance and works with risk management to address concerns
- Participate in bi-annual asset management reviews and strategy meetings; preparation of summaries for each asset
- Participates in design development, including preparing and administering marketing/start-up budgets
Desired Skills & Experience
- Bachelor’s degree in finance, business, or related field, or equivalent experience is required
- 3 to 5 + years of experience in property / asset management or related field preferred
- Previous real estate experience required, preferably with multifamily asset management or property management organization
- Experience with leasing and management of multifamily project related retail tenants
- Exceptional judgment and decision making skills plus demonstrable asset management technical skills
- Effective interpersonal skills with the ability to develop and foster internal and external relationships with business partners
- Thorough knowledge of financial concepts, with the ability to perform detailed financial analysis
- Ability to create, build and implement strategic business plans for each asset
- Ability to use entrepreneurial skills to identify areas of value creation.
- Proficient in Microsoft Excel, Outlook, Word and Yardi.
- Ability to communicate clearly with people of various backgrounds and experience levels both internally and externally
- This is a fully-in office role in Dallas, Texas