Associate, Asset Management

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’s Asset Management team is responsible for the strategy and business plan execution of a large portfolio of institutional quality multifamily properties, with a sharp focus on value-add execution and driving returns for our investors. The Asset Management Associate drives the execution, development, and implementation of various strategies and programs that enhance financial and operational performance by synthesizing operational results and market data to identify opportunities to drive performance.

JOB DESCRIPTION

• Partners across functions including acquisitions, property operations, portfolio management, capital projects, and accounting to drive the investment performance of Greystar’s owned asset portfolio.
• Conducts financial analysis, including the creation of detailed pro-forma and Excel based financial models. Gathers, compiles, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property level and market trends.
• Collaborates on new investment committee memos, financing or disposition recommendations, and updates on existing assets.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, regional property management and other key stakeholders, and appropriately manages on-going communications related to transactions.
• Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
• Organizes and/or leads the disposition process including broker coordination and the due diligence of assets under contract. Performs valuation analysis and develops and presents recommendations based on key findings that may affect the return and financial performance of the asset(s). Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
• Monitors and communicates the status and progress of comparable sales transactions and competitive property deliveries within the assigned geographic region.
• Works with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and promote the overall performance of the portfolio. Participates and/or leads evaluation of rent structures and leasing velocity.
• Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports.
• Performs various functions on a regular basis, including the monitoring, reporting, and proactive problem solving of the asset(s) within the assigned geographic region.
• Assists with the preparation of annual asset level business plans including review of operating budgets, market analysis, real estate tax forecast and disposition strategy.
• Coordinates with consultants related to real estate tax appeals.
• Assists with the preparation of annual asset level business plans including review of operating budgets, market analysis, real estate tax forecast, and disposition strategy.

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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 are available subject to discount and unit availability.
• 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 above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.