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. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in nearly 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 over 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of nearly $78 billion of assets under management, including over $35 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

The Asset Management Associate drives the execution, development, and implementation of various strategies and programs that enhances financial and operational performance by synthesizing operational results and market data to identify opportunities to drive performance.

JOB DESCRIPTION

KEY RESPONSIBILITIES:

• Conducts financial analysis of multifamily development assets, including the creating of detailed pro-forma and Excel based financial models. Gathers, complies, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property level and market trends.
• Collaborates on new investment committee memos, financing or disposition recommendations and updates on existing development assets.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, regional property management and other key stakeholders, and appropriately manages on-going communications related to development transactions.
• Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
• Organizes and/or leads the disposition process including broker coordination and the due diligence or assets under contract. Performs valuation analysis and develops documentation and recommendations based on key findings that may affect the return and financial performance of the asset(s).
• Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region. Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
• Works with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and promote the overall performance of the asset(s). Participate and/or lead evaluation of rent structures and leasing velocity.
• Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports.
• Performs various functions on a regular basis, including the monitoring, reporting and proactive problem solving of the asset(s) within the assigned geographic region.
• Coordinates with consultants related to real estate tax protests.
• Assists with the preparation of annual level business plans including review of operating budgets, market analysis, real estate tax forecast and disposition strategy.
• Completes various financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
• Take an active role in group special projects including bi-annual portfolio revaluations as well as ad hock reporting requests.
• Prove peer training for new and existing analyst related to modeling and group reporting requirements.
• Complete cash needs and distribution analysis as needed.

BASIC KNOWLEDGE & QUALIFICATIONS:

• A bachelor’s or master’s degree in finance, accounting, business, real estate, economics, or a related field from an accredited institution is preferred.
• Two or more years of experience in real estate finance.
• Attention to detail and strong creative problem-solving skills.
• Proficiency in Excel and financial modelling skills.
• Strong organizational, time-management and project management skills to effectively track, report and manage multiple projects and priorities where meeting deadlines is critical.
• Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
• Professional presentation skills and public speaking ability.

TRAVEL / PHYSICAL DEMANDS:

• Travel will be required to visit assets, attend business meetings, training programs, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.
• Team members work in an office or remote work environment. No special physical demands are required.

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.