Bachelor's degree in finance, business, or related field, or equivalent experience required
3 to 5+ years of experience in property/asset management or related field preferred
Previous real estate experience required, especially in multifamily asset management
Exceptional judgment, decision-making, and asset management technical skills
Thorough knowledge of financial concepts with ability to perform detailed analysis
Current experience in the Southern California market required
Responsibilities
Manage third-party property management companies to optimize property rents and expenses
Monitor property performance to align with financial forecasts
Report key metrics and implement strategies for operational and compliance improvements
Conduct frequent property visits to assess condition, appearance, and marketability
Participate in asset budgeting and identify capital projects
Underwrite property strategies and engage in selling and refinancing activities
Monitor legal compliance and manage associated risks
Benefits
Equal opportunity employer
Collaborative work environment
Ongoing training and professional development opportunities
Dynamic and diverse workplace culture
Opportunity to work within a stable, well-established company
Full Job Description
Trammell Crow Residential (TCR) is a leading multifamily real estate developer with a local presence in 16 key U.S. markets. Over 45 years, TCR has built more than 285,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $30 billion of assets under management, and an established platform with a vision for continued success. For more information, please visit www.crowholdings.com.
Position Summary
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 Southern California. 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
Current experience in the SoCal market required; this is a fully in office role in Carlsbad, CA
Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
About Crow Holdings
Crow Holdings is a privately held real estate investment and development firm that specializes in acquiring, developing, and managing commercial and residential properties. The company was founded in 1948 by Trammell Crow and has since grown to become one of the largest real estate firms in the United States. Crow Holdings has a diverse portfolio of properties that includes office buildings, retail centers, apartments, and hotels. The company is headquartered in Dallas, Texas and has offices in several other cities across the country.
