Vice President, Asset Management

Location: California

»  » Vice President, Asset Management
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* Job Title:

** Vice President, Asset Management
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* Job Location:

** Remote
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* Job Description:

**** About the Company
** Griffin Capital Company is a leading full-service real estate investment management firm with a nearly 30-year track record of leadership, innovation, and disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.5 billion in assets across a wide range of real estate sectors and investment vehicle structures. The firm’s senior executives and employees have co-invested more than $300 million across its investment platforms, reinforcing its strong alignment with investor interests.

Griffin Capital’s investment team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent (“BTR”), and student housing investments. The firm’s rental housing portfolio includes 41 institutional-quality communities, comprising over 13,667 rental housing units and 693 student housing beds, representing a total project value exceeding $4.4 billion.

Griffin Capital remains committed to creating value through thematic investment strategies and delivering thoughtfully developed housing solutions that benefit both communities and capital partners.
** Position Summary
** The Vice President, Asset Management will focus on asset management responsibilities for Griffin’s existing portfolio and pipeline of multifamily assets and some build to rent assets. The position will also manage relationships with development partners, operating partners, and investors. Responsible for providing asset management services, support & guidance for a portfolio of assets, including among other things, planning and positioning, property administration, financial analysis, budget preparation, and lease analysis.
** Duties and Responsibilities
*** Present financial metrics to executive leadership on the performance of the portfolio and make strategic recommendations to senior leadership regarding the business plan for individual assets.
* Craft high level leasing and marketing strategy for the Multifamily portfolio and collaborate with operating partners to implement strategic initiatives.
* Work with acquisition team during the underwriting process for prospective investments; maintain macro perspective on Multifamily markets, make sector recommendations to investment teams and executive management.
* Strategic contribution to ground-up development projects.
* Utilize research, industry analysis/benchmarking, financial analysis and computer modeling fundamentals to analyze operations, financial reports, annual business plans and long term strategic plans.
* Provide oversight of property management, including analyzing capital investments, both proactively and reactively. Develop strategic positioning of the property to retain relevancy in the market.
* Conduct periodic property visits on an as-needed basis, to evaluate physical condition of property, property management team performance, positioning of property in its market and communicate expectations.
* Conduct monthly financial reviews to evaluate property performance, identify significant variances and work with property management to develop plans to rectify accordingly.
* Maintain a thorough understanding of all factors affecting markets & submarkets within portfolio including local market knowledge, business demographics, competitive set and supply & demand dynamics.
* Work with the property manager and, if applicable, the construction team to track the progress and cost of capital improvement projects.
* Prepare lender-required reports, oversee lender inspections, ensure the timely satisfaction on lender-required improvements, and track loan covenants.
** Qualifications and Skills Requirements
*** More than ten years of experience in Real Estate Asset Management, with a focus on multifamily properties required.
* Bachelor’s degree from four-year college or university in Real Estate, Finance or related field; or equivalent combination of education and experience.
* Thorough understanding of commercial real estate industry…