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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