Asset Manager

Company Profile:

Haven Realty Capital is a real estate investment firm specializing in single-family and multi-family rental housing across the United States.  Haven was founded in 2010 and was an early entrant into the Single-Family Rental (SFR) industry where it acquired, leased and managed approximately 10,000 rental homes across 7 states on behalf of high-net worth investors, family offices and private equity institutions. 

Haven’s strong performance in the SFR industry has led it into additional housing-related investment strategies such as multifamily, residential land entitlement and development, and manufactured housing. The combination of these strategies has allowed Haven to generate solid risk-adjusted returns through cash flow distributions and sales proceeds within the Housing sector.

Haven’s unique positioning allows it to be an early mover in segments of the rental housing market that are evolving rapidly such as the Build2Rent sector.  Haven has identified the  Build2Rent sector as attractive because it blends the key efficiencies that come with the multifamily business with the attractive renter profile that is associated with the single-family rental industry. 

Haven formally launched an investment strategy in the Build2Rent segment in 4Q19 and now controls over $300 million in Dedicated Rental Community (DRC) projects that are in different phases of construction, acquisition, and lease-up.  Importantly, Haven is targeting $1 billion in DRCs in the next 18-24 months.  Haven capitalizes its investments with capital from a Discretionary Fund and select Institutional Joint-Venture Equity Partners. 

Haven expects rapid growth over the coming years and is looking for an experienced asset manager to work alongside Haven’s principals on both existing and future projects. 

Position: Asset Manager

Location: Los Angeles area

Salary: Competitive 

Responsibilities:

• Oversee 3rd party property management firms to ensure optimal property performance through strict systems and controls
• Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses
• Develop annual budgets to achieve the goals of the business plan for each project
• Provide recommendations and implement changes for property improvements based on thorough analysis and experience
• Prepare monthly and quarterly letters for investor reporting
• Communicate directly with lenders and equity partners
• Complete property inspections as part of monitoring property performance, management execution and property capital needs
• Implement and monitor capital improvement projects
• Work closely with the Acquisition team in preparation for the initial closing of each project
• Create and update project data tapes for monthly lender draws and debt covenant compliance
• Coordinate due diligence with 3^rd parties and internal stake holders prior to draw funding dates

Desired Skills and Experience:

• 3 - 5 years experience in multifamily asset management
• Bachelors degree, Graduate degree a plus but not required
• Advanced knowledge of Excel and financial analysis
• Strong management skills, with an ability to work independently and multitask
• An analytical approach with a results oriented mindset
• Travel to properties across the nation will be required once pandemic travel restrictions subside