Director of Asset Management

Blackfin Real Estate Investors is seeking a Director of Asset Management to oversee all asset management responsibilities for our growing multifamily investment portfolio ranging from Class A to affordable product. The Director will oversee the implementation of the investment strategy to create value through revenue optimization, operational efficiencies and value-add opportunities. This position reports directly to the Chief Operating Officer.  

Responsibilities:

  • ​Oversee performance of Blackfin’s multifamily investment portfolio.

  • Identify and implement strategic asset level initiatives.

  • Review monthly operating and leasing performance.

  • Conduct and utilize market research to maximize investment performance.

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

  • Coordinate the development of Annual Business Plans, operating and capital budgets.

  • Oversee property management company performance and relationships.

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

  • Play strategic role in dispositions, refinancings and recapitalizations.

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

  • Work closely with Investment team on underwriting assumptions, business plan and property manager selection and play active role on investment committee.

  • Oversee real estate tax appeals, insurance placement and utility initiatives.

  • Identify and oversee all asset management technology initiatives

 

Skills and Qualifications:

  • Minimum of five to seven years of in-depth experience underwriting and/or asset managing multifamily investments with demonstrated success at improving or sustaining asset performance.

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

  • Strong quantitative background and understanding of financial analysis concepts.

  • Strong Excel modeling skills and proficiency in Word and PowerPoint.

  • 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 with demonstrated leadership skills.

  • 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 an Arlington, VA based multi-family investment platform that was founded in 2016. Blackfin’s executive leadership has over 100 years of combined experienced with complimentary expertise in acquisitions, financing, renovation, and operating multifamily real estate.  Blackfin has acquired over 8,000 apartments since inception, translating into over $1.3 Billion in acquisition value.  Blackfin’s current portfolio spans from Boston through the Carolinas and includes assets in Boston, Suburban Maryland, Northern Virginia, Richmond, Virginia Beach, Charlotte, Raleigh-Durham, Greensboro, and Charleston, South Carolina.  

 

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.

Blackfin Real Estate Investors, LLC. Arlington, VA.

Apply at recruiting3@blackfinrei.com