Asset Manager

THE COMPANY      Founded in 1990, Bridge Partners is a real estate private equity firm that focuses on multifamily investments throughout the United States. Bridge Partners applies an entrepreneurial approach to continuously identify new and innovative business plans across the multifamily spectrum. Bridge Partners has invested in every part of the multifamily business from highly distressed properties to newly constructed Class A projects, non performing debt, partnership interests, student, affordable and assisted senior housing.

Bridge Partners’ trademark is that of creative, disciplined and results-oriented investing. The Company is well-capitalized with a 30 plus year history of delivering strong returns to its base of high net worth and institutional investors. Having purchased, financed and/or sold 250 properties across 25 states and 50 domestic markets, Bridge Partners has the strength and intellectual capital to pursue any multifamily project.  The Company’s current portfolio is valued at 2 billion and includes 7,500 units across 50 assets and 11 states. 

THE ROLE        Multifamily Asset Manager

REPORTING    Julie Gutzwiller, CFO/COO

LOCATION      Walnut Creek, California

THE JOB          The selected individual will join an experienced team of real estate investors and asset managers and will design and execute comprehensive asset-level business plans for an assigned portfolio of multifamily assets.  Specific responsibilities include:

• Act as the owner representative in a direct asset management role on a portfolio of 10 to 12 multifamily assets located across 3 to 5 states to protect and promote the physical and financial health of each portfolio asset
• Analysis of property and market fundamentals to develop and implement project level asset management strategy in accordance with the asset’s investment thesis
• Work closely with and manage 3rd party property management partners to implement asset strategy, realize efficiencies and improve property performance, including monthly / quarterly site visits as needed
• Review weekly, monthly and quarterly reporting as to sales and marketing, property operations and financial reporting for each of the portfolio assets
• Prepare monthly profitability analysis and report internally on proforma, budget and same store property performance
• Develop annual operating and capital budgets for each portfolio asset and analysis of budget to prior year and proforma performance
• Negotiate contracts and manage capital improvement programs to budget and in accordance with lender requirements; maintain renovation tracking and ROI analysis across multiple projects and assets
• Know each asset’s market and submarket and its competitive positioning relative to rents, occupancy and product
• Work collaboratively with operating partners, including 3rd party management, lenders, insurers and adjusters, real estate tax consultants, property vendors and contractors, to effectively communicate and achieve investment objectives and owner requirements
• Collaborate with the firm’s other asset managers to design and implement asset management best practices and to suggest new tools, programs or technology that support improving operations and maximizing total return
• Manage property level risk to minimize property or casualty loss and to protect both the physical plant of the portfolio assets and the Company's reputation
• Work with the investment team to support evaluating potential multifamily acquisitions, including location and asset/operations assessments, financings and dispositions
• Interface with Bridge Partners Accounting and Investor Relations teams to address investor questions and provide asset highlights for quarterly / other investor reporting

QUALIFICATIONS

• 5+ years of multifamily asset or property management experience
• Demonstrated success evaluating, designing and / or re-engineering strategies and procedures to improve property level / portfolio performance
• Strong financial modeling and accounting skills with a high level of attention to detail and accuracy
• Ability to write effective business correspondence and to communicate effectively across platforms
• Ability to independently manage projects and responsibilities across multiple assets, skill sets and timelines
• Ability to prepare financial feasibility analyses and strategic plans, conduct research, review portfolio related documents/agreements
• Strong analytical and execution abilities including analyzing problems, identifying multiple resolution scenarios, evaluating recommendations and implementing solutions
• Collaborative team player with the ability to work responsively in a swiftly evolving marketplace and an entrepreneurial environment
• Skilled to expert proficiency across MS Excel and Word
• Construction management experience desired but not mandatory
• Financial and real estate accounting experience desired but not mandatory
• Knowledge of Section 8, Section 42 and student housing desired but not mandatory
• Ability to Travel (25%)