Associate, Affordable Housing Asset Management

Starwood Capital Group

$80K — $120K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3 - 6 years relevant experience in real estate acquisitions, asset management, construction management, operations, or finance; multifamily/affordable housing experience preferred.
  • Strong written and oral communication skills.
  • Experience in development and/or real estate cash flow modeling.
  • Proficient in Microsoft Excel and possess strong quantitative and technical skills.
  • Familiarity with large language models (LLMs) for analysis and data presentation (e.g., ChatGPT, Claude).
  • Self-starter capable of carrying out complex tasks with minimal supervision.
  • Bachelor's degree in real estate, finance, business, or related field.

Responsibilities

  • Perform property and portfolio valuations and return analyses.
  • Assist in preparing property business plans, operating and capital budgets, and leasing strategies.
  • Conduct market assessments and provide recommendations based on findings.
  • Participate in special projects like hold-sell analysis and refinancing evaluations.
  • Monitor business plan performance and address any discrepancies.
  • Review development plans and manage development draws.
  • Collaborate with joint venture partners and third-party service providers.

Benefits

  • Opportunity to work with a leading company in the multifamily asset management sector.
  • Engagement in a range of analytical and strategic responsibilities that impact portfolio performance.
  • Exposure to high-level collaborations with industry partners and service providers.
  • A dynamic work environment that encourages self-initiative and independent problem-solving.
  • Potential for professional growth in a prominent real estate company.
Full Job Description
Description

The Associate will support the Multifamily Asset Management Group and will focus primarily on monitoring and reporting asset level performance, identifying potential issues, developing portfolio level analysis, supporting disposition activity, and assisting with asset business plan development and implementation for Starwood's U.S. multifamily portfolio.

Specific responsibilities include:
  • Performing property and portfolio valuations and return analyses;
  • Assisting with the preparation of property business plans, operating and capital budgets, and leasing strategy;
  • Conducting market assessments and making recommendations based on results;
  • Working on special projects including hold-sell analysis, evaluation of refinancing activities, and sector initiatives;
  • Monitoring business plan performance and reacting to correct any variances;
  • Reviewing development plans and development draws.
  • Interacting with joint venture partners and third-party service providers.
  • Some travel required.


Qualifications:
  • 3 - 6 years relevant experience preferred, including: real estate acquisitions, asset management, construction management/budgeting, operations, or finance. Multifamily / Affordable Housing experience a plus.
  • Strong communication skills (both written and oral)
  • Development and/or real estate cash flow modeling experience
  • Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel)
  • Experienced with the use of LLMs to aid in analysis, research, and presentation of data (e.g. ChatGPT, Claude)
  • A true self-starter capable of accomplishing complicated tasks with limited supervision
  • Bachelor's degree in real estate, finance, business or related area

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