Director of Asset Management

Morrison Avenue Capital Partners, a leading Southeast multifamily and student real estate investment firm, seeks aDirector of Asset Management to lead the firm’s asset management team and oversee its rapidly growing multifamily portfolio.

Job Title:

MD, SVP or VP - Director of Asset Management (candidate specific)

Reports To:

CEO

Location:

Tampa, FL or Mobile, AL preferred, or remote (candidate specific)

The Director of Asset Managementmaximizes the overall performance of a portfolio of multifamily and student assets and ensures adherence to the strategic business and financial plan of each asset. The candidate will lead an asset management team of directors, portfolio managers, and analysts, and will work closely with other company teams, including acquisitions, finance, and accounting.

The ideal candidate will have 10+ years of prior asset management experience.

The Director of Asset Management will driveresults throughout the portfolio, implement and overseeinstitutional-quality investor reporting,manage third-party property management teams, budget and direct renovations and new construction, and oversee asset-level budgets and performance. The Morrison Avenue portfolio comprises over two dozen projects, including new construction, value-add acquisitions, and student housing in the southeastern United States. Utilizing an ownership mentality, the Director of Asset Management will set and implement team goals and priorities to ensure portfolio assets perform at the highest level.

• Create and execute asset management strategies to achieve underwriting proforma goals across a multifamily real estate portfolio located in the southeastern US.
• Supervise third-party management efforts regarding leasing/marketing, budgeting, cost savings, rental rates, concessions, delinquencies, etc. to optimize and maximize net operating income and cash flow to investors.
• Develop and maintain overall strategy for uniform, institutional-level asset management policies and procedures.
• Effectively communicate with all stakeholders, including employees, coworkers, owners, lenders, investors, and partners on the status of the portfolio versus expectations.
• Oversee written and verbal updates to institutional investor clients, including both property-specific and fund-level operational and financial communications.
• For all portfolio assets, act as internal strategist, lead the annual budgeting process, and oversee internal and external reports.
• Lead all lender and insurance relationships, ensuring all assets are maintained and following all regulatory compliance.
• Manage market intelligence and ensure competitiveness with the firm’s assets.
• Review financial reports and review variance analysis, monitoring of budgets, and financial modeling of assets for entire portfolio.
• Forecast balance sheet and income statement analysis as well as cash flows, capital distributions, and investor returns.
• Develop sensitivity analysis to showcase key value drivers that support pricing decisions.
• Analyze management and vendor contracts and fund-level operating agreements.
• Supervise all capital improvement projects including draw processes, progress tracking and compliance with local laws.

• 10+ years institutional CRE asset management experience, ideally with an emphasis on multifamily properties.
• Advanced Excel, financial modeling, and reporting abilities and experience.
• Proven communication and marketing expertise, including fluency in digital marketing.
• Bachelor’s degree or higher.
• Proven problem-solving, conceptual thinking, and analytical abilities.
• Strong process improvement and project management abilities, executive-level communication skills, and relationshipbuildingskills.
• Ability to travel as portfolio demands dictate, estimated at 10-25% of time.

Morrison Avenue Capital Partners is a real estate investment firm specializing in multifamily development and acquisitions in the Southeast. Our tenured team leverages a data-driven approach to unlock actionable opportunities and deliver superior risk-adjusted returns to our investors. Founded in 2012, Morrison Avenue has raised over $350 million of equity across more than $1 billion of assets. For more information, visit