Asset Manager

Forum Real Estate Group

(Denver, Colorado)
Full Time
Job Posting Details
About Forum Real Estate Group
Forum Real Estate Group, is a full-service real estate investment and development company with development, construction, property management, asset management, and capital raising units. Forum is a lean, entrepreneurial organization that has developed multifamily, office and retail projects in Denver, Boulder, Castle Rock, and Minneapolis.
Summary
The Asset Manager will assume “ownership” of a portfolio of commercial and multifamily assets, including both stabilized and assets under development.
Responsibilities
* Preparing the annual strategic plan for each asset including developing operating budgets, capital plans, and hold/sell analyses. * Provide financial and operational oversight at both the property and portfolio level to ensure the economic success of the properties. Supervise the annual budget process with third party managers, investment partners and internal analyst resources to include presenting and implementing the property budget / business plan. * In conjunction with our operations management partner, monitoring and reporting on operational and financial performance on an ongoing basis and resolving property operating issues. * Understand competitive positioning relative to rents, lease terms and overall occupancy and the means to maintain a competitive edge. Monitor market trends in value, cost and supply / demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion or repositioning of the assets and make recommendations accordingly. * Managing the preparation of quarterly portfolio reviews, performance reforecasts, and asset valuations. * Performing site visits and developing a strong understanding of the real estate markets in which assets are located. * Participating in team initiatives to improve policies and procedures, property monitoring, and risk management processes. * Supervise and review performance of property management. Administer the management agreement with the property management company and develop a transition plan for the management of new assets as required, and implementation of the plan. * Due diligence – Assist acquisitions and development teams in the due diligence process on buy/sell transactions.
Ideal Candidate
* BS/BA in Finance, Real Estate, or a related field with 5 – 10 years of related commercial and multi-family real estate experience, including experience handling properties under development * Strong analytical, interpersonal, relationship management, and written / oral communication skills. * Ability to present detailed information or complex issues in a clear and concise manner. * Skilled at cash flow modeling, including experience with Excel, Word and Project.

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