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Asset Management, Associate

Company: Bonaventure Realty Group
Location: Alexandria
Posted on: September 15, 2023

Job Description:

Founded in 1999 by Dwight Dunton III, Bonaventure is an integrated investment asset manager headquartered in Alexandria, VA. Bonaventure specializes in capabilities including multifamily design, development, construction, redevelopment, asset management, and property management. Focused primarily in the Mid-Atlantic and Southeastern US, Bonaventure is fully integrated to oversee every phase of the acquisition, management, and disposition of our properties. Bonaventure delivers exceptional service through multifamily property management and alternative investment capabilities, a Class A construction company, a portfolio of 30+ apartment home communities, and a pipeline of another 10+ development deals. With over $3.0 billion in transactions, $500 million worth of HUD loans, 5,500 units under management, and 350+ employees, Bonaventure is well positioned for continued growth in the coming years. Position Summary: Bonaventure is looking for an Asset Management, Associate to oversee its Bonaventure Multifamily Income Trust ("BMIT") investments. This role is accountable for assisting in driving and creating value for our existing and growing portfolio of multifamily properties. You will be constantly evaluating our portfolio's assets and their performance. In this position, you will report to BMIT's Portfolio Manager and have a vital role in identifying and executing various strategies to maximize asset and portfolio value. This role works in close collaboration with the Capital Markets, Acquisitions, and Debt & Dispositions departments to execute investment management strategies and decisions. What You Will Do:

  • Support the investment management of all BMIT investments, driving alpha for the existing 18-property, -$1.0bn GAV portfolio and all future investments.
  • Support and execute comprehensive strategies to manage all properties to Peak Performance (identify and execute value-add strategies, identify operational efficiencies, maximize the value of each asset and ensure actions are executed by our Property Management)
  • Monitor asset performance on a weekly, monthly, and quarterly basis by reviewing leasing and financial trends, holding calls with Property Management to discuss strategy, issue management, and planning
  • Review financial, operational, and market results for the portfolio vs. budget and historical performance
  • Assist with tax oversight, assist with insurance claims and legal issues, work with our Debt & Dispositions team on lender compliance items.
  • Assist the acquisitions team in reviewing their underwriting to further validate performance assumptions
  • Discuss asset needs and assist in providing credit/equity recommendations
  • Assist with the annual budgeting and quarterly reforecasting process for existing and new assets
  • Regular use of Excel models to support and analyze decision making
  • A highly motivated self-starter who can work independently without planned support and is driven through intellectual curiosity with superior time management, prioritization and professional vertical and horizontal communication skills
  • Constant drive to improve performance
  • Ability to analyze large quantities of data and summarize relevant information Who You Are: Our ideal candidate will have 2-3+ years' experience in multifamily investment management and preferably a business, finance, accounting or real estate degree. This individual will be passionate about real estate and the opportunity to work in a small team at a fast-paced, growing boutique company and team. Time management skill set will include the ability to work independently without significant, direct supervision and handle multiple projects simultaneously and prioritize as needed. There will be a travel component for capital expenditure, acquisition, and general inspection property walks. A critical thinker, this team member is proficient in Microsoft Excel and able to analyze large quantities of data and summarize relevant information. Why YouShould Choose a Bonaventure Career: Our Culture
    • You will join a team that has tremendous focus towards continuous improvement utilizing radical transparency and honest conversations to achieve success and maximize opportunities. Our Growth
      • Bonaventure has developed, acquired, or managed over $3 billion of multifamily assets over the past 20 years, and we currently manage over 5,500 multifamily units Our People
        • We are opportunity and solution-focused Our Benefits
          • Comprehensive Benefit Plans
          • Unlimited PTO and Seven Paid Holidays
          • 401k Match Our Core Values: Growth - We create enduring value by continuously moving forward, innovating, and improving. Attitude - We display and motivate others with our positive attitude and driven work ethic. Collaboration - We do our best work when we work together. Every individual is encouraged to contribute because our next great idea can come from anyone. Impact - Our effort produces measurable, meaningful results. Accountability - We take personal ownership for our actions, commitments, and performance. Reputation - Nothing is more important than our reputation. Bonaventure is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on age, race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including recruiting, hiring, promotion, termination,

Keywords: Bonaventure Realty Group, Alexandria , Asset Management, Associate, Executive , Alexandria, Virginia

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