Asset Management Associate

Blackfin Real Estate Investors is seeking an Asset Management Associate to oversee our growing multifamily investment portfolio. The Associate will oversee the implementation of each investment strategy to create value through revenue optimization, operational efficiencies and value-add opportunities. This position reports directly to the Chief Operating Officer.

Responsibilities:

  • Independently asset manage Blackfin’s multifamily investment portfolio.

  • Identify and implement strategic asset level initiatives.

  • Analyze monthly operating results and leasing performance.

  • Conduct and utilize market research to maximize investment performance.

  • Oversee execution of capital improvement plan and measure its return on investment.

  • Coordinate the development of annual business plans, operating and capital budgets.

  • Prepare financial analysis to track property level results in comparison to proforma utilizing reforecast model.

  • Oversee all investor and lender reporting, covenant compliance and internal portfolio tracking.

  • Provide due diligence/closing support during major capitalization events to include financings, recapitalizations, acquisitions and dispositions

 

Skills and Qualifications:

  • Minimum of three to five years of underwriting and/or asset managing multifamily investments with demonstrated success at improving or sustaining asset performance.

  • Analytical problem-solving skills with capability to undertake detailed analyses and make well-reasoned, decisive recommendations.

  • Strong quantitative background and understanding of financial analysis concepts.

  • Strong Excel modeling skills and proficiency in Microsoft Office.

  • Familiarity with all pertinent real estate transactional documents and processes such as purchase agreements, operating agreements, loan documents and property management agreements.

  • Willingness to travel.

 

Core Competencies:

  • Proven ability to excel in a fast-paced environment and commitment to meeting deadlines.

  • Strong team player with a positive attitude and a strong work ethic.

  • Outstanding attention to detail.

  • Excellent verbal and written communication skills.

  • Problem-solver, self-motivated, independent with ability to multi-task.

 

Blackfin Real Estate Investors, LLC is a Virginia based multi-family investment platform founded in 2016 by Andrew Buchanan and Doug Root, former Kettler and Greystar executives, respectively, with over 30 years of experience in the multifamily industry. Since its inception, Blackfin has acquired over 4,500 units across 21 properties in its target markets including Boston, Metropolitan Washington, North Carolina and Virginia Beach.   Blackfin is looking to aggressively grow its portfolio both regionally and nationally.

 

Blackfin is an Equal Opportunity Employer and does not discriminate on any basis. We strive to create a meritocracy where all employees can meaningfully contribute, develop and thrive.

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