Vice President, Asset Management

COMPANY OVERVIEW

Argosy Real Estate Partners is a real estate investment management company that specializes in opportunistic, value-add, core plus, and Opportunity Zone real estate investments. Through joint venture structures, Argosy partners with entrepreneurial operating partners possessing significant local market knowledge and a demonstrated track record of operating success. Argosy Real Estate Partners currently has $1.3 billion in gross value of real estate assets under management and unfunded equity commitments.  Argosy Real Estate Partners is an affiliate of Argosy Capital, which manages capital for institutional investors, family offices and high net worth individuals.

The core of Argosy’s investment strategy is investing with experienced operators in properties that provide significant upside potential and controllable downside protection. Working closely with operating partners, Argosy employs a disciplined acquisition approach focused on low cost basis, risk mitigation, value creation, and multiple exit strategies to generate superior risk-adjusted returns to its investors.  Argosy invests in primary and secondary markets throughout the U.S. with a focus on the multifamily, lodging, office, industrial, retail, and residential land sectors. Argosy is based in Wayne, PA (suburban Philadelphia) with regional offices in San Francisco and Denver. 

THE POSITION

The Vice President of Asset Management will have a critical role in the management, value creation and strategic direction of real estate assets under management across multiple funds.  The individual will be responsible for oversight, strategic management, valuations, and reporting of Argosy’s real estate investments.  The successful candidate will have the opportunity to join a small, entrepreneurial team, report directly to the Head of Asset Management and manage a wide variety of real estate assets nationwide. 

RESPONSIBILITIES

• Coordinate with operating partners to execute property-level business plans and maximize risk-adjusted returns.
• Monitor and analyze property performance compared to budget, underwriting and overall market conditions. 
• Regularly evaluate disposition strategy and timing, prepare disposition memos and analysis, and coordinate with operating partner on all dispositions.
• Coordinate financings and re-financings of assets.
• Maintain standardized reporting tools at the asset, fund, and portfolio levels to track key performance indicators, variances, cash flow forecasting, and capital management.
• Prepare financial analyses and written presentations of key investment decisions, such as financing and sale decisions.
• Assist the acquisition team with the underwriting, closing, and transition of new investments.
• Prepare quarterly investor reports, property valuations, and financial projections.
• Review operating partner requests for approval of major decisions including leasing decisions, capital expenditures, annual business plans, and variances to budget.
• Review capital calls, distributions, and loan draw requests.
• Monitor local market fundamentals, including competitive set trends, new supply, sales comps and economic developments.
• Ensure operating partner compliance with joint venture documents.

QUALIFICATIONS

• Bachelor's or master’s degree in finance, real estate, accounting, economics, or a related field.
• A minimum of 7 years of relevant real estate and asset management experience.
• Strong understanding of all aspects of real estate investment, financing, and disposition processes, including but not limited to market analysis, financial analysis, property valuation, and capital markets.
• Experience with ground-up development and/or significant repositioning projects preferred.
• Experience with multiple assets types preferred.
• Demonstrated proficiency with financial statement analysis, accounting and valuation methodologies.
• Strong interpersonal skills.
• Ability to communicate clearly and concisely both orally and in writing.
• Ability to direct and monitor the activities of others on a systematic basis.
• Advanced Excel modeling capabilities and experience with ARGUS.
• Ability to meet tight deadlines, manage varied tasks simultaneously, and work within a team in an entrepreneurial environment.
• Ability to make presentations to senior management, investment committee and/or investors.