Multi-Family Senior Asset Manager

BH PropertiesPhoenix, Arizona, United StatesOnsite

SENIOR ASSET MANAGER, MULTI-FAMILY

www.bhproperties.com

COMPANY

BH Properties is a privately held commercial real estate investment firm focused on value-addacquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 31-year track-record and balance sheet allow us to move quickly and creatively, Today, the Company owns and operates approximately 11M square feet across 18 states.

POSITION

The Company is seeking a Senior Asset Manager responsible for an initial portfolio consisting of 9 multi-family properties located throughout southern California, Arizona and Texas, requiring periods of travel. The Company intends to grow its residential portfolio through acquisitions which may also include Affordable Housing. The position will report to the Senior Managing Director of Multifamily Operations.

LOCATION

Phoenix, AZ

R

ESPONSIBILITIES

Including, but are not limited to:

Conduct regular property visits as required and prepare inspection reports.
Coordinate with Maintenance Manager on multi-family projects.
Coordinate with 3rd party management, meeting monthly regarding property status.
Bid, negotiate, and supervise select capital projects.
Review property occupancy and NOI and report in weekly meetings to the Company’s Management.
Participate in weekly rent pricing calls and make rent adjustments when necessary.
Review monthly financial statements, annual budgets and monitor performance.
Assist in the due diligence and escrow activities for property acquisitions and dispositions the Company may be considering.
Negotiate 3rd party contracts and monitor other income potential.
Review performance metrics in Yardi Matrix.
Coordinate with HOA management company.
Conduct tenant surveys quarterly.
Measure actual occupancy versus market quarterly per property and make recommendations as necessary.
Travel is required (25%)

QUALIFICATIONS

College degree
Minimum of 10 years of broad-based multi-family asset management, affordable and market rate housing experience.
Strong communication skills with both internal & external customers and at all levels within the organization.
Understand contracts, leases and leasing objectives.
Skilled in customer service and tenant relations.
Ability to initiate bid requests, vendor and contractor management.
Ability to present self and company in a professional manner in all customer communications and actions.
Solid time management skills with the ability to prioritize, organize and successfully balance multiple tasks and requests.
Must be able to exhibit initiative and work independently.
Must have a strong work ethic and ability to work in a fast-paced environment.
Must be a team player and work well with Senior Management, tenants, contractors and other daily contacts.
MS Office proficiency expected.
Experience in managing properties under rent control.
Experience and understanding of lead tracking programs.
Yardi Voyager and Yardi RENT Maximizer experience a plus.

COMPENSATION

We offer a generous and comprehensive compensation & benefits package, along with the opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.

Life at BH Properties

BH Properties executes an aggressive acquisition strategy that focuses on under-performing properties and select secondary markets with optimal growth potential. The firm’s current portfolio is valued at more than $480 million and comprises more than 6 million square feet of retail, office and industrial properties. BH Properties expects to grow its portfolio to $650 million in value by the end of 2008 by continuing to purchase and reposition lucrative properties that do no not comply with institutional buyers’ acquisition criteria.

Thrive Here & What We ValuePrivately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and able to acquire and close transactions without the need for lengthy due diligence periods. | 31-year track record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy sellers’ needs in a highly competitive market. | Owns and operates approximately 10M square feet across 18 states.</s> | BH Properties is a privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. BH Properties has a 31-year track-record and balance sheet that allows them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 10M square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions. | 2. Vertically integrated with offices in multiple locations throughout the Western United States. | 3. Able to acquire and close transactions without lengthy due diligence periods. | 4. Strong track record and balance sheet allow for quick and creative structuring of acquisitions. | 5. Emphasis on maximizing cash flow and increasing value, particularly in office properties.</s> | 1. Entrepreneurial investment group with a wellcapitalized balance sheet. | 3. 31year track-record allows for quick and creative structuring of acquisitions to satisfy seller needs in a highly competitive market. | 4. The company owns and manages approximately 10 million square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | 2. Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. | 3. 30year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 4. Owns and operates approximately 10M square feet across 18 states.</s> | 31-year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 3. Ability to acquire and close transactions without lengthy due diligence periods | 4. 31year track-record and balance sheet allow for quick and creative structuring of acquisitions | 5. Emphasis on maximizing cash flow and increasing value with an investor acumen approach.</s> | 1. Entrepreneurial and growing investment group | 2. Generous and comprehensive compensation & benefits package | 3. Opportunity for professional growth and development</s> | 1. Entrepreneurial Environment | 2. Fastpaced Work Style | 3. Teamoriented | 4. Strong Capitalization Strategy | 5. External Relationships</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States. | 2. Vertically integrated with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston. | 3. Able to acquire and close transactions without the need for lengthy due diligence periods. | 4. 31year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 5. Owns and operates approximately 10M square feet across 18 states.</s> | 1. Fastpaced and goal-oriented environment | 2. Wellcapitalized, privately held, entrepreneurial investment group | 3. Opportunity for growth and development</s> | Opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.</s> | 1. Entrepreneurial and Growing Real Estate Investment Group | 2. WellCapitalized Company | 3. FastPaced Environment | 4. Professional Growth and Development Opportunities</s> | Well-capitalized</s> | 14. Entrepreneurial Investment Group | 15. WellCapitalized | 16. Exciting Opportunity for Growth and Development</s> | 3. WellCapitalized and Entrepreneurial Investment Group | 4. Focus on Markets Throughout the Western United States</s> | 2. Growing Real Estate Investment Group | 4. FastPaced Environment | 5. Professional Growth and Development Opportunities</s>