Job Details
Who We Are
Founded in 2011, Timberlane Partners is a Seattle-based real estate investment, development, and asset management company with a focus on multifamily real estate. The firm, led by Dave Enslow and John Chaffetz, acquires, improves, and manages properties with a focus on providing superior returns to their capital partners and investing in compelling projects.
Timberlane has acquired and built more than $1 billion worth of assets in key markets along the West Coast and Mountain West regions of the US. The firm s rigorous approach to investing is designed to deliver outsized returns without taking outsized risks. Timberlane prides itself on being a responsible steward of investor capital.
About the Position
We are looking for an asset manager to join our growing team. This position will support all aspects of our multi-family and hospitality asset management processes. You will be an invaluable part of our team and will have a significant opportunity for growth. This position reports to the Senior Asset Manager. This position is based out of our Seattle office with the flexibility to work-from-home in hybrid role.
Primary Responsibilities
- Directly responsible for overseeing 6-8 multi-family assets.
- Skilled at partnering with property management to execute business plan and leasing strategy.
- Build trackers for monitoring performance of existing properties with emphasis on leasing performance and renovations.
- Build financial models of existing assets: cashflow projections, disposition analysis, etc.
- Review financial statements to ensure income and expenses are in-line with expectations and identify areas of opportunity.
- Review annual operating budgets and CapEx draw packages.
- Present to company leadership, capital partners/investors, and other partners on asset performance.
- Partner with Constructions Services and GCs to ensure value-add projects stay on-budget and on-time.
- Perform on-site visits with property management.
- Support quarterly investor reporting and lead on owned assets.
- Effectively communicate and collaborate with the accounting, acquisitions, and development teams to achieve cohesive business plan execution.
- Track market conditions and marketing efforts to help inform strategic planning.
- Assist as needed on reviewing loan docs, operating agreements, etc.
Successful Candidate Attributes
- Ability to present analysis in a clean and succinct way to help facilitate quick decision making by leadership.
- Ability to perform multiple tasks concurrently and respond to emergent situations effectively.
- Thrives and enjoys working in a hands-on, collaborative environment where no two days are the same. Comfortable with ambiguity.
- Very organized, prioritizes well, thinks logically, and utilizes critical thinking to make decisions.
- Proven self-starter with a healthy work ethic, inquisitive mind, and the confidence to get things done. Takes initiative and willingness to roll up sleeves.
- Team player with a strong sense of personal accountability, responsibility, and integrity.
- Knowledge of construction and/or overseeing value-add multi-family projects is a plus.
- Knowledge of hotels is a plus but not essential.
- Demonstrated success working in a very dynamic, constantly changing environment.
- Strong verbal and written communication skills and the ability to interact and maintain effective relationships with professionals at all levels.
Minimum Qualifications
- 5 or more years of commercial real estate related work with emphasis in multi-family.
- Direct experience reviewing operating budgets, rent rolls, capex budgets and loan draws.
- Bachelor s degree in finance, real estate, or commensurate relevant work experience. Graduate degree a plus.
- Deep understanding of commercial real estate finance and property operations
- Advanced knowledge of Microsoft Excel and other MS Office programs and excellent attention to detail.
Compensation
- Full-time, salaried position, $125,000 - $135,000 annual plus merit based annual discretionary bonus
- Employer paid insurance premium for medical, dental, and vision
- Employer matched 401(k) after 1 month of service
- 160 hours of vacation days can be accrued
- 9 paid holidays
- Professional development opportunities
Timberlane is committed to a diverse and inclusive staff. We are interested in hearing from people who can work with diverse communities. Candidates of all backgrounds are strongly encouraged to apply.