Asset Management Analyst

Realberry is a privately held full service real estate development, investment and management company with a team of highly talented associates. We are passionate about creating great places for people and providing fabled experiences. We are "evergreen," which means that we constantly strive to prosper in all phases of the real estate cycle.

At Realberry, we attract and retain the best and brightest in the industry and are constantly building our team to achieve our goals.

The role of the Asset Management Associate, Multifamily works closely with the Vice President of Asset Management, Multifamily and bridges the property management function with the strategic execution of the financial position of each asset. This position collaborates with many groups including accounting, finance, legal, development and senior management, as well as the property management team.

• Support the VP of Multifamily Asset Management to drive financial and operational performance for a portfolio of multifamily assets, focusing on creating and protecting asset and portfolio value.
• Perform financial analysis and modeling, including NOI projections, cash flow modeling, IRR, NPV, equity multiples, multi-tiered partnership waterfalls, and scenario analyses.
• Prepare recurrent internal and external reports, including quarterly investor updates, asset management reporting, presentations, board of advisors reporting, and estimates for annual distributions of surplus cash.
• Develop, review, evaluate, negotiate, and approve annual operating budgets, cash flow forecasts, debt service tests, and capital expenditure plans.
• Conduct market research, property performance benchmarking, market surveys, and pricing analysis to inform investment and operational strategies.
• Support acquisition and disposition activities, including underwriting, due diligence, and risk assessment.
• Maintain direct interaction with third-party providers, including property managers, engineers, lenders, brokers, attorneys, and contractors.
• Develop strategies and recommendations for individual assets and the overall portfolio, ensuring alignment with strategic goals.
• Assist property management teams with budgeting, forecasting, and financial reporting.
• Review property-level operations to identify cost savings, conduct market surveys, revenue enhancement opportunities, and operational efficiencies.
• Participate in lease audits, tenant retention strategies, and compliance reviews.
• Analyze construction and renovation projects, including cost estimation, ROI evaluation, and schedule forecasting.
• Coordinate with contractors, architects, and property teams to oversee capital improvement projects.
• Monitor project budgets, timelines, and quality to ensure successful execution.
• Prepare post-renovation analysis to measure impact on property value and overall asset performance.

• External Reporting:
  Design/build, improve upon existing Investor Reporting templates. Prepare deliverables/packages summarizing highlights, requirements, market information, and other financial data. Coordinate across departments (accounting, operations, finance, legal, etc.).
• Cash Flow Calculations / Review:
  Calculate IRR, NPV, equity multiples and partnership waterfall distributions. Prepare or review estimates for annual distributions of surplus cash.
• Market Research:
  Perform market research for multiple markets and submarkets by tracking deliveries and absorption, rental rate and expense trends, demographic trends, and news around operational and development projects. Develop methods of retaining and referencing this information in an organized way over time.
• Internal Quarterly Valuations:
  Assist in evaluating existing assets by preparing Excel based cash flow models, including multi-tiered partnership waterfalls.
• Ad hoc:
  Work on projects and requests as needed (i.e. lease or loan abstract creation, lease analysis, miscellaneous income sources/scenario evaluation, hold / sell analysis, dispositions, refinancing, ownership buyouts, etc.).
• Review and approve annual operating budgets for each property.
• Identify and execute value…