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 $315 billion of real estate in 250 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 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of more than $78 billion of assets under management, including over $36 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
Leads the implementation of the Company’s strategies, programs, policies, and initiatives related to investment management associated with the underwriting of the portfolio of owned assets, and partners with Real Estate Operations to implement specific plans and programs that achieve the financial, and operating goals of the assigned portfolio.
Job Description
- Leads initiatives, activities, and strategies by researching, analyzing, and identifying new investment opportunities supported by market opinions, contacting and meeting with potential clients, preparing and presenting financial proposals, and overseeing the take-over and transition of new properties either acquired or developed.
- Maintains and manages client equity relationships and satisfaction by maintaining on-going communication, providing detailed reports, market updates, and financial analysis on the performance of the portfolios, acting quickly and with urgency to address client concerns, questions, or requests, and reviewing and acting on client satisfaction survey results.
- Develops market and asset reviews to evaluate the overall operational and financial results for the asset portfolio, discusses issues and potential challenges that threated portfolio performance, and presents recommendations, plans and strategies for enhancing value and improving financial returns.
- Manages and ensures the portfolio’s compliance with debt and equity providers, develops and provides reports to investment committee and equity partners, monitors investment performance, return, and forecasts through DCF financial modeling, and recommends methods to optimize returns at the asset and subsequently the portfolio level.
- Measures, evaluates, and reports on the portfolio’s performance against budget and investment proforma, managing and monitoring cash flow, making strategic recommendations on asset capitalization, and preparing monthly and quarterly client portfolio/performance reports.
- Reviews market, economic, and capital trends and factors impacting the performance of the portfolio, prepares and delivers presentations and updates to investment committee/equity partners, and participates in formulating the long-term disposition and exit strategy for the assets.
- Develops and leads revenue-enhancing and expense containment programs and initiatives at the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence to enhance value.
- Interacts with Development and Constructions regarding the delivery of assets, warranty items or completion of capital improvement initiatives.
- Leads and evaluates a team of direct reports including Analysts, Associates and Managers as required.
Qualifications
- 5+ years of multifamily asset management experience.
- A bachelor’s degree is required in Finance, Business, Real Estate, Economics, or related field.
- Experience supporting development projects throughout the entire lifecycle from conception through completion.
- Dynamic verbal and written communication skills and strong interpersonal abilities.
- Strong analytical and quantitative skills, with excellent financial acumen and high proficiency with real estate underwriting and real estate finance concepts.
- Monitors departmental progress and improves and adapts systems and services to drive results.
- Promotes a strong customer centric culture within the department to support seamless service and trust in Greystar as a reliable partner.
- Leads with passion, defines the vision, and facilities the development of their team.
- Demonstrated knowledge of the market dynamics within assigned region.
Additional Compensation:
Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.
- Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or 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 11 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.
