Manager, Asset Management, Student Housing, (Based in New York, USA)

Date: 12-Nov-2021

Location: New York City, United States of America

Company: Mapletree

The Role

 

You will formulate and execute asset management strategies and business plans for a portion of Mapletree’s US Student Living portfolio, which is comprised of over 13,000 beds of purpose-built, Class A student living and some conventional multi-family product located in the United States and Canada, currently valued at roughly US$2B.

Job Responsibilities

 

  • Actively manage your own portfolio of assets while building a reputation of credibility and thought leadership within the team.
  • Manage relationships with fee managers, leasing brokers and other vendors.
  • Negotiate contracts, including property management agreements and retail leases.
  • Monitor and analyze asset and portfolio level P&L statements.
  • Build operating and capital budgets as well as business plans around what’s optimally achievable for your assets.
  • Work constructively with other internal silos including Portfolio Management, Facilities Management, Group Development Management and Legal to accomplish your portfolio goals.
  • Help identify and hone KPI’s and develop methodologies for tracking them.
  • Support Transactions in the underwriting, acquisition and disposition of assets and portfolios; flagging markets/specific assets as opportunities to acquire more or as recommended sells.
  • Call out underperforming assets/unfavorable trends and bring solutions to the table in a way that strengthens the team’s best practices.
  • Generate regular reporting for your portfolio and comment intelligently and briefly on that reporting.
  • Estimated up to 25% of travel.

Job Requirements

 

  • Bachelor’s degree in economics, real estate, accounting, architecture or related field, MBA or CFA desired.
  • 7- 10 years of experience with either conventional multi-family or purpose-built student living asset management, additionally retail asset management or leasing experience preferred.
  • Successful candidate will be a strategic thinker with solid quantitative, financial, and analytical skills.
  • Strong knowledge of present value, NPV, IRR and DCF concepts and calculations as well as strong financial modeling ability.
  • Strong competency with Microsoft Office (particularly Excel), Argus and Tableau ability also plusses.
  • Ownership mentality, should also be flexible and inquisitive.
  • Creative thinker who owns and advocates for their ideas while listening to and learning from others to achieve optimal outcomes.
  • Able to prioritize between overlapping issues, tasks and deadlines.
  • You take an interest in mentoring less experienced members of the team and investing in their development, as well as the team’s thrives in a multicultural environment, including regular night calls with headquarters in Singapore.