Griffin Capital Company, LLC · 1 day ago
VP, Asset Management
El Segundo,CA,US
Full-time
Hybrid
Senior Level, Lead/Staff
$160K/yr - $210K/yr
10+ years expGriffin Capital Company is a leading full-service real estate investment management firm with a nearly 30-year track record. The Vice President, Asset Management will focus on managing the asset management responsibilities for Griffin's multifamily and build-to-rent assets, while maintaining relationships with development partners and investors.
Health CareReal EstateReal Estate Investment
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
Qualification
Required
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 and multi-family sector. Knowledge of real estate markets, trends, and investment strategies
Understanding of fundamental real estate economics and finance principles
Solid communication skills with demonstrated ability to prepare concise and informative written presentations in MS Word, MS Power Point and MS Excel
Strong work ethic and initiative, with ability to oversee multiple projects/transactions simultaneously with independence and sounds judgement
Strong communication and relationship-management skills, both internally with senior management and externally with JV partners, third party operators, vendors and investors
High detail orientation and attention to accuracy in work product
Role will include travel
Benefits
100% company paid individual Medical and Dental Insurance.
100% company paid individual Life and Long- and Short-Term Disability Insurance
401(k) plan with up to 4% matching and full vesting.
Paid time off (PTO) starting at 17 days per year, with increases after 2 years of service.
A yearly Birthday Holiday and paid time off for community service.
State of the art onsite gym.
Company funded Lifestyle Spending Account.
Access to other health and tax-advantaged benefits.
Availability of benefits may be subject to location & employment type and may have certain eligibility requirements.
Hybrid work options specific to roles
An employee-led professional development program
Community involvement through its Griffin Care and Community Committee.
Company
Griffin Capital Company, LLC
Griffin Capital Company is a leading full-service real estate investment and management company that for nearly three decades has established a reputation for leadership and innovation led by a team of cycle-tested professionals with expertise in acquisitions, investment management, capital markets, financial reporting, legal, development, and construction management.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2014-08-05Acquired
Leadership Team
Danny Snell
Chief Financial Officer
Joe Miller
Chief Financial Officer
Recent News
2023-04-15
Company data provided by crunchbase