Multifamily Asset Manager

MIG Real Estate (“MIG”) is a private real estate investment firm headquartered in Newport Beach, California, with real estate investments in multifamily, industrial, office, hotel and retail properties located primarily in the Western U.S. and Sun Belt. The company’s current investments include over 6,200 multifamily units, with approximately half of the portfolio located in the Denver, CO and Seattle, WA metro areas.

MIG is seeking a qualified individual with at least ten (10) years of relevant experience to serve as a regional Asset Manager for its Colorado and Washington multifamily portfolio to drive above-market results, streamline processes and enhance the profitability of MIG’s multifamily portfolio. MIG requires that this candidate be located in either the Denver or Seattle metro, with the ability to frequently travel between markets.

MIG intends to double the size of its multifamily portfolio over the next few years and will need a highly organized, enthusiastic candidate with strong financial acumen and interpersonal skills who can execute renovation strategies and motivate property management and in-house support teams to meet stringent deadlines and realize above-market performance. Additionally, this person should have financial analysis and acquisition experience sufficient to support and enhance MIG’s acquisition, due diligence, and disposition efforts in the region.

The Asset Manager will be responsible for setting and implementing financial, business, and management strategies/tactics for MIG’s Colorado and Washington multifamily investments with the objective of maximizing value of the regional portfolio.

The person filling this position will provide hands‑on asset management to successfully complete value‑add business plans, acquisitions, and dispositions for the existing and growing multifamily portfolio. The ideal candidate will have proven leadership skills, a “can do” attitude and work well multitasking under tight deadlines. This person will drive property performance from every level and must successfully execute the value‑add renovation strategies and capital projects necessary to achieve maximum return on investment.

This position will require the following competencies:

• Strong track record of successful multifamily portfolio asset management (revenue enhancement, expense management, renovation projects, marketing programs, reputation management, etc.)
• Effective communicator, able to set priorities, provide direction, motivate third‑party management personnel, and measure performance of selected construction and property management teams to successfully execute value add strategies
• Strong financial acumen with demonstrated ability to understand portfolio investment and financing goals and work with on‑site teams to achieve above‑market financial results
• Comprehensive understanding of multifamily market for all asset classes in the designated region with track record of successful execution of marketing programs and value‑add strategies
• Analyze asset performance versus original underwriting and competitive set performance to adjust management strategies as necessary
• Collaborate with the Senior Revenue Manager to maximize RevPAU
• Drive performance of property managers to meet or exceed budget and business plan metrics; provide recommendations for improvement or change
• Recommend and implement strategic approach for each asset to drive traffic, leasing, and highest achievable value
• Experience managing significant capital projects, including common area and unit renovations
• Experience working with design and construction professionals to quickly achieve project execution and control costs
• Work with construction managers to develop "scope of work" for capital…