Asset Management Associate
Fairstead, United States
Job Description
Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of over 14,000 apartments in 16 states. The company’s comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services.
Fairstead’s primary mission is to provide high-quality housing to all regardless of income, and to make our stakeholders feel Right at Home. We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management, and social services. With a long-term commitment to its residents, communities, and partners, the Fairstead team stands out by:
- Listening to and understanding the needs of its residents, communities, partners and stakeholders alike
- Developing and preserving high-quality affordable housing in an innovative and sustainable fashion
- Creating a positive social and environmental impact within the properties and communities it serves
Primary Responsibilities:
- Prepare detailed financial models and ad hoc financial forecasting and analyses
- Create and manage asset level business plans
- Oversee residential and retail leasing through broker management and pricing strategies
- Prepare investment memos and presentations for senior management
- Monitor the performance of existing portfolio investments through financial
- Manage special projects and interface with diverse departments
- Work closely with construction managers to determine project schedule, scope and capital needs
- Oversee budgets and monthly variance reports submitted by property management
- Identify value add projects throughout portfolio
- Visit properties on an as-needed basis
- Work closely with senior management to evaluate capital events and hold/sell analysis
Requirements
- Minimum 3-5 years’ applicable real estate experience required
- Bachelor’s degree required
- Financial modeling (Microsoft Excel) and analytical skills
- Demonstrated competency in financial statement analysis, business valuation, accounting and finance.
- Knowledge of the NYC residential and retail rental market a plus
- Manages multiple priorities while demonstrating the initiative to produce results by driving processes
- Team-oriented with strong integrity and professionalism.
- Bright and flexible with strong organizational skills
Benefits
Why Work at Fairstead?
Fairstead is a real estate owner/operator that has rapidly expanded since its inception in 2014 with three offices across the country and a portfolio that spans 15 states. Come to Fairstead for the opportunity to impact real change and drive decision making from the ground up. Join our team in this growth inspired role to accelerate your career in a fast-growing, energized organization.
Perks
- Competitive salary, along with full benefits: 401(k) company matching, medical, dental, vision
- Wellness programs to promote employee health and self-care
- Generous holiday and vacation policy