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Asset Management Associate
About the Job
Gray Capital is looking for an Asset Management Associate. This position is responsible for managing and optimizing Gray Capital's portfolio of multifamily real estate assets. Key responsibilities include overseeing asset performance, spearheading the budgeting process, and collaborating with internal and external stakeholders to achieve investment objectives. This role requires strong analytical skills, attention to detail, and effective communication.
Key Responsibilities
- Asset Performance Management
- Monitor property-level financials, including operating statements, rent rolls, and variance reports, to ensure performance aligns with business plans.
- Develop and track asset-specific strategies, including business development, capital improvements, and value-add initiatives.
- Spearhead the annual budgeting process, working with property management to finalize operating and capital budgets.
- Track performance against budgets, review variance analyses, and recommend actionable strategies for improvement.
- Stakeholder Collaboration
- Serve as communication link between property management, lenders, investor servicing and senior leadership.
- Prepare and present asset performance reports, budgets, and business plans to investors and other stakeholders.
- Data Analysis and Strategic Support
- Conduct market research to identify trends and risks impacting portfolio performance.
- Build and maintain financial models for forecasting, budgeting, and evaluating capital expenditures.
- Support acquisition, refinancing, disposition, and rehabilitation efforts with detailed financial and market analyses and due diligence review.
- Bachelor's degree preferred. An Associate's degree, high school diploma or GED from an accredited institution accepted with 1 to 3 years of relevant professional work experience
- 2-4 years of experience in real estate asset management, acquisitions, or a related role.
- Strong proficiency in financial modeling, Excel, and property management software.
- Excellent communication and interpersonal skills, with the ability to collaborate across teams.
- Ability to manage multiple projects and stakeholders simultaneously. 
- Problem-solving mindset, with a systematic approach to challenges.
- Adept at using and learning new software and technologies.
- Must be willing to travel and visit properties (less than 25%).
- Other duties as assigned.
About the Company
Overview
Gray Capital purchases large (100+ units) existing and cash flowing multifamily apartments in growing secondary and tertiary Midwest markets.
We utilize value-add and core-plus strategies that provide tax-sheltered cash flow and strong value appreciation to investors.
As a vertically integrated firm with in-house property management, asset management, and construction, Gray Capital is able to move quickly and control the entire process—cutting out middlemen and driving performance of the assets we invest in.
We maximize the value of the communities we invest in while also taking advantage of inefficiencies in the commercial real estate investment market—leveraging the meta demographic, social and economic currents that continue to drive the growing multifamily market to deliver outsized returns.
Skills
Key Details
- Experience:
- Associate
- Job Domain/Function:
- Real Estate
- Job Type:
- Onsite
- Employment Type:
- Full-Time
- Number of position(s):
- 1
- Educational qualifications:
- Bachelor Degree