The Real Estate Investments Manager responsibilities include identifying, contracting, entitling, planning and development of suitable multi-family residential communities. Responsibilities also include acquisition asset underwriting, earnest money contract administration, property inspection, and coordination of operational audits, title, survey and engineering review. Individual will assist with dispositions, special projects, and other group sourced development and acquisition deals. This position will report to the VP of Real Estate Investments.
Essential Functions:
- Research and gain familiarity with each of our markets and localized submarkets
- Be familiar with all Camden assets and how they compare with general market
- Review market surveys for all acquisition and development projects
- Prepare and participate in other necessary acquisition due diligence analysis including lease audit, unit walks, hiring and managing party engineers and environmental consultants, replacement cost analysis, sales comp analysis, development pipeline summaries
- Perform detailed income and expense analysis and benchmarking with the existing portfolio including expense and other income comparison analysis
- Work with others internally with due diligence phase and gathering of information on dispositions for potential buyers (this includes providing relevant operating reports, existing environmental reports and title and survey, as well as other information requested by buyers)
- Oversee proforma models for all potential acquisitions and development deals
- Reconciliation of proforma NOI to actual NOI on new acquisitions and research variance
- Review local market reports for information on current and future expected rent growth, occupancy, pipeline, etc.
- Travel to evaluate potential acquisition and development deals
- Prepare Investment Committee books and attend meetings/conference calls for all REI activities
- Establish relationships with local brokers and others in the industry
- Train new hires as directed
- Work as part of the REI team and coordinate frequently with internal legal, finance, property management and construction personnel as needed to complete tasks
- Work on special projects or activities as designated by the company including company sponsored functions, or participation in industry functions
Qualifications:
- Master’s in Business Administration (MBA)
- 5- years’ experience in Real Estate or a related field
- Strong proficiency in Excel is mandatory
- Excellent oral and written interpersonal and communication skills
- Attention to detail and strong organizational skills are required
- Positive attitude, integrity and reliability required
- Must have the ability to work independently and collaboratively
- Candidates with potential for professional growth are desired
This job description is not an all-inclusive list of duties and responsibilities. Camden may add or change responsibilities in order to meet business and organizational needs. Employees must meet qualification standards that are job-related and consistent with business necessity and must be able to perform the essential functions of the position, with or without reasonable accommodations.
To learn more about our awesome Benefits, visit Camden Benefits
