Assistant Vice President, Asset Management

Description

Griffin Capital Company is a leading full-service real estate investment management firm with a nearly 30-year track record of leadership, innovation, and disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.5 billion in assets across a wide range of real estate sectors and investment vehicle structures. The firm’s senior executives and employees have co-invested more than $300 million across its investment platforms, reinforcing its strong alignment with investor interests.

Griffin Capital’s investment management team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent (“BTR”), and student housing investments. The firm’s rental housing portfolio includes 41 institutional-quality communities, comprising over 13,667 rental housing units and 693 student housing beds, representing a total project value exceeding $4.4 billion.

Griffin Capital remains committed to creating value through thematic investment strategies and delivering thoughtfully developed housing solutions that benefit both communities and capital partners.

The Assistant Vice President, Asset Management will focus on asset management responsibilities for Griffin's existing portfolio and pipeline of multifamily assets and some build to rent assets. The position will manage core asset management workflows and partner directly with operating partners while still working under VP direction. The role is responsible for day-to-day asset management for an assigned subset of assets, including financial performance analysis, budget/forecast oversight, business plan execution, capital project tracking, and lender/investor reporting.

• Support two Vice Presidents, Asset Management in overseeing the dedicated portfolio by owning key workflows and some day-to-day asset management responsibilities for an assigned subset of assets (generally approximately half of the overall portfolio) and executing approved business plans and performance initiatives.
• Review monthly financial packages and operating reports; identify drivers of variance to budget/forecast, develop action plans with property management, and track follow-through.
• Support leasing and revenue strategy by analyzing submarket fundamentals and property performance metrics and collaborating with operating partners on recommendations and execution.
• Support acquisitions, development, and capital markets activities for assigned assets (e.g., underwriting assumptions, due diligence, business plan integration, and transition to operations).
• Utilize research, industry analysis/benchmarking, financial analysis and computer modeling fundamentals to analyze operations, financial reports, annual business plans and business plans.
• Coordinate and support the annual budgeting process and periodic reforecasts for assigned assets; review and challenge key assumptions with operating partners.
• Oversee and track capital improvement projects and value-add initiatives (scope, schedule, spend, expected ROI); partner with construction, property management, and vendors to execute.
• Conduct periodic property visits (as needed) to assess physical condition, operational execution, and market positioning; document findings and follow-up actions.
• Prepare and/or review lender-required reporting, support lender inspections, and track compliance with loan covenants and other financing requirements; coordinate with Accounting and Portfolio Management as applicable.
• Support asset valuations, hold/sell analyses, refinancing/extension analyses, and disposition preparation (including data room coordination and broker/third-party information requests).
• Prepare asset-level materials for internal reviews and investor reporting (monthly/quarterly narratives, variance explanations, KPI dashboards, and business plan progress updates).
• Maintain a thorough understanding of markets and submarkets within the assigned portfolio, including competitive set, supply/demand dynamics, and key drivers impacting operations and investment performance.