Asset Manager-Eastern Division
: Job Details :

NexMetro is an innovative real estate developer that is revolutionizing how consumers think about housing. We are seeking an Asset Manager for NexMetro's Eastern Division which includes Atlanta and Tampa. The Asset Manager will be responsible for driving performance and managing NexMetro's assets in collaboration with both internal and third-party property management partners. This role requires a solid understanding of multifamily property management, strong financial expertise, and an entrepreneurial mindset. As the leader of rental operations for a significant development pipeline in Atlanta and Tampa, this position offers a unique opportunity to shape our evolving multifamily product and brand, and be part of an entrepreneurial, friendly, and dynamic company culture.

NexMetro Communities is one of the nation's largest single-family rental community developers, specializing in building communities for consumers seeking a place that rents like an apartment but lives like a single-family home. NexMetro develops luxury leased communities marketed under the name Avilla Homes. Avilla neighborhoods combine the benefits of luxury residential single-family living with the convenience, flexibility, and professional on-site management of a Class A apartment community. The result is a new residential hybrid housing option—detached, single-story homes in prime suburban locations that are highly differentiated from traditional rental products. Founded in 2012 and a pioneer in the space, NexMetro has invested more than $2 billion in projects completed or under construction, comprising more than 50 neighborhoods spanning Sunbelt locales from Arizona to Florida. We are an entrepreneurial company with a strong, passionate company culture, and we are seeking team members with a similar mindset.

Summary of Responsibilities:

• Work closely with property management and development teams to reach or exceed goals as outlined in the business plan
• Develop recommendations to maximize outcomes for each property and create long-term value for residents and investors
• Modify business plans based on operating results, market dynamics, and/or changing investor objectives in conjunction with the team
• Oversee the lease-up teams for portfolio properties
• Conduct monthly financial reviews of each asset with property management and internal partners, communicating forecasted performance versus actual
• Oversee preparation of reporting, including monthly cash flow projections for each asset
• Regularly review property performance relative to budget, proforma, market, and portfolio, while identifying opportunities
• Monitor cash flows, distributions and working capital accounts
• Analyze and monitor debt obligations, covenants, terms, and maturity dates
• Provide market feedback and recommendations to internal teams and prepare any ad-hoc investor, partner, or executive management requests
• Conduct regular site visits of each asset in the portfolio ensuring adherence to Avilla Brand standards

Summary of Ideal Qualifications:

• Bachelor's degree in a real estate, finance, accounting, economics, or related field
• 5+ years applicable experience required including a minimum of 2 years in asset management preferred
• Strong communication skills with both internal and external/third-party partners
• Strong reporting and analytical skills, and demonstrated knowledge of property accounting concepts
• Strong financial acumen and ability to articulate financial implications of decisions
• Strong financial modeling skills and proficiency with Excel, Word, and PowerPoint
• Multifamily lease-up experience needed
• Yardi experience/proficiency needed
• CPM or current pursuit of CPM a plus

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