VP, Asset Management, Multifamily Direct Equity – Portfolio Manager

VP, Asset Management, Multifamily Direct Equity - Portfolio Manager

Location: Onsite, New York City Corporate Office or Onsite, Norfolk, Virginia Corporate Office

Job Summary: In the role of Asset Management, Multifamily Direct Equity - Portfolio Manager, you are a part of the Harbor Group International's Asset Management Group, which manages all the company's direct equity, preferred equity, and debt portfolio investments.

This specific role relates to multifamily direct equity investments.

Key Responsibilities: Including the following but are not limited to the job specifications contained herein.

Additional duties or job funct ions that can be performed safely may be required as deemed necessary by Harbor Group International.



* Work collaboratively with the Transactions, Property Management, and Investor Relations teams on new acquisitions by providing a general risk assessment of the investment and review of business plan, investor projection model, and capital plan.

Role will be responsible for documenting operational plans and investment goals/objectives.


* Review weekly and monthly property data for owned multifamily properties including leasing reports, traffic reports, construction progress reports, and aged delinquencies, etc.

for general oversight purposes with high focus on balance sheet accounts, including cash positions.

Responsible for approving capital expenditures, including disbursements for value-add capital improvement programs, and managing balance of capital accounts.


* Stay abreast of local, regional and national real estate and financial market trends, including for purposes of planning ahead for capital transactions and loan maturities.


* Monitor, review, and evaluate financial operating results for variance and performance metrics.

Confirm Property Management is aware of performance metrics and inquire as to plan to implement changes as needed to enhance cash flow and profitability.

Manage capital improvement and other reserve balances.

Recommend quarterly and annual cash distributions to investors.


* Monitor portfolio and plan strategically for investor distributions, loan covenant testing periods and capital transactions.

Based on consideration of investor projections and potential capital transactions, review and approve annual budgets and business plans providing guidance for non-operating portion of budget for the assigned properties.


* Participate in sell/hold/refinance decision making, assist with review of broker BOVs and capital transaction analysis.


* Effectively present information to and respond to questions from groups of executives, investors (prospective and existing), lenders, and other appropriate constituencies.

Primary Requirements Include:



* The successful candidate will have a strong academic background with a college degree.

An MBA or a Master's in Real Estate or other relevant fields is strongly preferred.


* A minimum of 7 to 10 years of experie...