Director, Asset Management

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Position Summary:

Trammell Crow Residential is seeking an experienced Director, Asset Management to oversee the strategic asset management processes for the Company’s stabilized multifamily assets in Dallas, Texas. This individual will interface/coordinate with TCR’s asset management, development and construction teams, as well as 3rd party property management providers.

• Manages third party property management companies to ensure optimization of rents and expenses at the property
• Monitors property performance including marketing, leasing, and management activities to ensure the property is operating in line with forecasts
• Reports key metrics, trends and variances to previous forecasts and implements proactive strategies to resolve operational, welcher finance, and compliance problems
• Visits properties on a frequent basis. Regularly walks vacancies and common areas to ensure properties condition, appearance and marketability; approximately 40% travel required
• Participates in asset budgeting and portfolio review processes, identifies capital project for properties, and develops operating benchmarks to monitor costs
• Supports the pursuit/underwriting process by developing rent and expense assumptions from analysis of internal and external competitive properties
• Underwrites property strategy and participates in selling, re‑financing, organizing, and operating of the company’s real estate investments
• Monitors asset for legal compliance and works with risk management to address concerns
• Participates in bi-annual asset management reviews and strategy meetings; preparation of summaries for each asset
• Participates in design development, including preparing and administering marketing/start‑up budgets

• Bachelor’s degree in finance, business, or related field, or equivalent experience is required
• 3 to 5+ years of experience in property/asset management or related field preferred
• Previous real estate experience required, preferably with multifamily asset management or property management organization
• Experience with leasing and management of multifamily project related retail tenants
• Exceptional judgment and decision making skills plus demonstrable asset management technical skills
• Effective interpersonal skills with the ability to develop and foster internal and external relationships with business partners
• Thorough knowledge of financial concepts, with the ability to perform detailed financial analysis
• Ability to create, build and implement strategic business plans for each asset
• Ability to use entrepreneurial skills to identify areas of value creation.
• Proficient in Microsoft Excel, Outlook, Word and Yardi.
• Ability to communicate clearly with people of various backgrounds and experience levels both internally and externally
• This is a fully‑in‑office role in Dallas, Texas

• Director

• Full‑time

• Finance and Sales