Associate Asset Management
Associate Asset Management
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$ 82000 - 105000
1 Vacancy
Job Description
Job Details
Description
Who We Are
Core Spaces (Core) is more than a real estate company its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live) GRIT (We Got This) LIFT (Help Each Other Win) SHINE (Bring Your Full Self) UPHOLD (Never Break Trust) GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010 Core is a vertically integrated company focused on acquiring developing managing and lending across the student housing and buildtorent (BTR) sectors. Its residential communities feature worldclass amenities progressive design and hospitalitydriven client service. In its awardwinning student portfolio Core currently owns and/or manages over 45600 beds* and has a pipeline of over 45000 beds* in various stages of development. Cores BTR division currently has over 3000 homes under development and in its pipeline in highgrowth metros across the country. For more information visit www.corespaces.
*Portfolio and pipeline numbers as of November 2024
Benefits That Matter
- A culture that provides you with a sense of belonging
- Hybrid or remote work options may vary by role to support worklife balance
- Competitive pay that values your contributions
- Incentives designed to reward your achievements
- Paid unlimited PTO to disconnect or celebrate life milestones
- Paid 15 holidays including your birthday to disconnect and celebrate
- Paid Parental Leave that begins after 90 days
- Paid volunteer time off to give back to your community
- Monthly workshop weeks; fewer meetings & more collaboration
- Robust health plan options that begin within at least 30 days of your employment
- Monthly phone reimbursement
- Wellness allowance and perks including a yearly subscription to a meditation app
- An environment that provides you a voice to share your perspectives
- Employee Assistance Program (EAP) for access to confidential support services
- Company retirement options including 401(k) matching & Roth account option
Position Overview
The Asset Management Associate provides vital analytical support in strategic company decisionmaking to maximize the financial performance of the Portfolio. This role will be an integral part of Core Spaces Asset Management Team reporting the financial and operational health of Cores student housing properties to various constituents. The Associate will work with internal and external stakeholders to maintain a detailed pulse on each property and identify opportunities for improvements.
What You Will Do
- Provide general analytical and organizational support to the Asset Management Team in oversight of leasing budgeting financing and operations.
- Prepare proforma financial models to analyze potential refinancing hold/sell decisions and existing debt covenants.
- Coordinate with Operations to analyze and assess proposed Operating and Capital Budgets.
- Assess monthly financials determine key trends and create investment performance reports for the executive team and equity partners.
- Analyze leasing performance and provide recommendations on rental rates and leasing specials.
- Negotiate Retail leases analyze LOIs and communicate with retail tenants.
- Assist with real estate tax tracking and reporting
- Work with Acquisitions and Developments teams to review proforma assumptions and business plan for potential developments and acquisitions.
- Work with Operations Property Accounting and other key internal stakeholders to meet deadlines for internal and external reporting.
- Create Ad Hoc Analysis for Executive Team Equity Partners and Asset Management Team to help in the consolidation of data compare performance against competitors automate processes etc.
- Occasional travel may be necessary as needed
- Perform all other duties and tasks as assigned by management
- Must be able to complete all physical requirements of this role with or without a reasonable accommodation
Ideally youll have
- Bachelors Degree in Finance Real Estate Accounting Economics Statistics Applied Mathematics.
- 25 years of professional experience.
- Knowledge of and experience with commercial real estate fundamentals and investment principles.
- Ability to work collaboratively and crossfunctionally with other teams across the organization.
- Advanced financial modeling skills including Microsoft Excel Word and PowerPoint skills.
- Strong analytical skills and attention to detail.
- Works well independently and as a member of a team.
- Excellent written and verbal communication skills.
- Committed to excellence and high standards.
- Demonstrates utmost level of integrity in all instances and shows respect towards others.
- Willingness and ability to travel occasionally paid by the company.
Youll crush it if you have experience with
- Advanced proficiency in developing proforma financial models for analyzing various financial scenarios.
- Skilled in assessing monthly financials identifying trends and creating investment performance reports.
- Complex project management.
Organizational Structure
Reports to: Managing Director Asset Management
Direct Reports: N/A
Disclaimer: Please note that job responsibilities reporting lines and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
As an Equal Opportunity Employer Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
Additional Compensation: Employees may be eligible for discretionary bonuses typically ranging between 1015 of base salary annually depending on individual and organizational performance.
Required Experience:
IC
Employment Type
Full-Time
