Asset Manager

We are seeking a do-er to help manage our growing portfolio of multifamily and retail assets. Our ideal candidate balances analytical prowess and attention to detail with an excitement for engaging with the tactical issues of an operating real estate portfolio. As part of a small team, the candidate must take radical responsibility for their scope of work and showcase entrepreneurial initiative.

• Proven track record of effectively managing projects with competing demands and deadlines
• Experience with and enthusiasm for analyzing interconnected data sets
• Strong attention to detail, with the ability to anticipate questions and be prepared with data-based answers
• Willingness to think outside the box and generate creative solutions within financial, time, or other constraints
• Excitement to engage with on-the-ground issues across an operating portfolio of buildings
• Strong communication skills – both verbal and written
• Collaborate well with others and value teamwork as an essential part of success
• Entrepreneurial, with a desire for both ownership and accountability
• Systems-oriented, with a willingness to learn existing and build new systems to scale the impact of your work
• Possess the confidence to offer opinions without complete information and the humility to change opinions with new data
• Desire to contribute to a culture that is inclusive, fun, engaged, and curious
• Interest in real estate, finance, urbanism, and/or sustainability

• Demonstrated experience in financial analysis, accounting, or other relevant skills is required — real estate and/or asset management experience is preferred, but not required
• Undergraduate degree is required, with a master’s degree and/or relevant fields of study viewed favorably
• Experience with management of multiple projects or work streams viewed favorably
• Entrepreneurial experiences and a track record of deploying innovations viewed favorably
• Alignment with Space Craft’s mission to build walkable neighborhoods and sustainable buildings is essential

You will work as part of the Asset Management team to oversee, optimize, and improve Space Craft’s operating portfolio of multifamily and retail assets. With ~500 apartments open now, 1,000+ expected to open over the coming years, and a plan to launch a value-add acquisitions business, you will help grow the Asset Management team, a critical function for Space Craft’s success.

This role offers a unique opportunity to mix financial analysis and forecasting with on-the-ground management, allowing you to understand the full lifecycle of asset management.

Portfolio Reporting, Budgeting, and Forecasting

• Support now, as needed (or as helpful to learn) → lead on future operating deals:
  • Weekly review of of leasing data from property manager
  • Monthly review of financial statements and budget-to-actual analysis
  • Monthly review of operating data from amenity partners
  • Update internal dashboards
  • Periodic NOI re-forecasting
• Recommend additional dashboards and/or tools to evaluate and improve portfolio performance.

Building Model and Systems Development

• Play a key role in the launch of Place Craft, Space Craft’s new value-add acquisition strategy
  • Establish “buy box” for deals
  • Build underwriting model to evaluate new deals
  • Establish and grow relationships with investment sales brokers to build up deal pipeline
• Build and/or refine business models for value-additive services (e.g., short-term rentals, mobility)
• Build and/or refine tools and systems to improve asset management as a function
• Proactively contribute to scaling the asset management function to manage 2000+ units over the next 5 years and become a profitable business line for Space Craft

Portfolio Oversight and Market Knowledge

• Play point on ensuring excellent condition and “curb appeal” of operating portfolio
  • Regularly walk all assets to review condition and identify areas for improvement within a reasonable budget
  • Recommend and implement potential ways to improve the resident experience with a positive overall impact on NOI
  • Identify Cap Ex needs, analyze Cap Ex requests, and approve/reject Cap Ex spending for onsite fixes or improvements
• Serve as the team expert on market comps
  • Regular…