Asset Management Associate - Austin

Macdonald & Co. are exclusively partnered with Endeavor Real Estate Group to appoint a Multifamily Asset Management Associate in Austin, TX.

THE OPPORTUNITY:

Endeavor Real Estate Group is seeking an internally motivated candidate to add immediate value by supporting its Asset Management team and creating value in the Company’s owned assets.

You will have the opportunity to drive performance of a growing portfolio of institutional multifamily assets across the U.S. by overseeing business plan formation and execution, interfacing across multiple divisions (including Development, Dispositions, Construction and Property Management), taking part in capital pitches, and acting as a key conduit to institutional capital partners and lenders. You will work with a team of accomplished professionals while interacting directly with Endeavor’s leadership, reporting to the SVP of Asset Management.

THE RESPONSIBILITIES:

• Work in tandem with the Development, Property Management and Construction teams to support the development and execution of business plans, budgets, timelines and operational strategies for each asset.
• Take part in due diligence efforts on new developments, focusing on property operational planning.
• Responsible for identifying and executing real time adjustments to property business plans, finding value-add opportunities, controlling operational expenses, evaluating market conditions, managing property revenue, and working with onsite and regional property staffing.
• Assisting in cash management and cash planning for property improvements and investment distributions.
• Support the creation of property annual business plans, rental rate plans, and compensation structures for each asset.
• Collaborate on the development reports, models, and infrastructure necessary to perform Asset Management functions.
• Support the weekly, monthly, quarterly and annual reporting on the performance of the Company’s assets.
• Perform detailed reviews of property financials, identify trends or issues, and present findings to key internal stakeholders.
• Work with Development, Property Management, and Legal teams to negotiate property specific contracts and Property Management Agreements.
• Support modelling efforts associated with capital events including the sale or refinance of the Company’s assets and assist the execution of those efforts.
• Communicate and interact regularly with capital partners including preparing analysis and presentations for their review.
• Provide recommendations on process improvement opportunities throughout the Company to minimize risk exposure and improve execution.
• Help with the preparation and presentation updates to Senior Leaders and key stakeholders as needed.

EXPERIENCE DESIRED:

• Bachelor's degree required.
• Minimum 2+ years of experience in Multifamily real estate operations, or asset management.
• Results-Oriented – has a track record of delivering quantifiable results to the organization (i.e. analyze opportunities/risks, develop and execute related action plans and deliver results), highly organized and disciplined.
• Strong Excel and financial modeling skills required.
• Ability to work independently and to carry out assignments to completion