Analyst, Asset Management - Related Affordable
Location: Dallas, Texas
Requisition ID: 20856
About the Employer
Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan's West Side.
Related Affordable leads the company's efforts to preserve and improve the nation's affordable housing stock. Today, Related Affordable owns and oversees one of the largest affordable housing portfolios in the nation. The company is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country.
Role Summary
The Analyst, Asset Manager will be an integral part of the Asset Management Team responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role will support the Vice President – Asset Management in various tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures, rent collection, and leasing opportunities with property management for each property within the portfolio. This position will be onsite five days a week at the Dallas office.
What You'll Do
- Asset manage a portfolio of approximately 40 assets
- Work closely with the Portfolio Management Team to contribute to standard reporting packages, such as budget variance reports and site inspection reports
- Conduct periodic inspections of all assets in designated portfolio with particular attention to any troubled assets
- Assist in identifying and escalating significant issues to the Vice President - Asset Management and the Portfolio Management Team
- Attend weekly asset management calls to learn and contribute to discussions on best practices
- Participate in regular portfolio management meetings that are relevant to assigned properties
- Contribute to the annual property budgeting process for assigned properties
- Conduct monthly operations review of portfolio and present monthly watch list for applicable assets
- Collaborate with the Portfolio Management Team to update property database
- Assist the Portfolio Management Team to maximize Section 8 contract rents for the sub-portfolio
- Support budget-based rent increase requests as needed
- Collaborate with Portfolio Management to review operations, procedures, and spending to identify opportunities for implementing best practices
Required Qualifications
- Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group
- Basic knowledge of finance, operations, and accounting principles in commercial real estate
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Strong written and oral communication skills
- Strong organizational skills with attention to detail
- Ability to collaborate effectively with property management and ownership teams
- Must have the flexibility to travel to properties
Preferred Qualifications
- BS/BA degree
- Affordable housing knowledge
- Demonstrated eagerness to learn, contribute, and grow within the team
- A diplomatic and assertive approach, coupled with self-motivation
- Curiosity and a willingness to explore new approaches and solutions
Compensation
$70,000–$80,000. Actual base salary within the anticipated range will be determined by several components including the individual's experience, skills, qualifications, and market factors.
Benefits
Discretionary bonus incentives and a comprehensive benefits package.
Additional Information
Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit.
