RV Resort, Hospitality, Asset Manager

The RV Resort, Hospitality, Commercial Asset Manager position is an integral part of the DLP Portfolio Management team, responsible for leading, managing & executing on a broad range of asset and investment related activities. Your role is to monitor and report on investment and property performance and partner in the creation of long term management strategies that increase the value of our assets. Our growing portfolio includes a specific approach to quality, desirable apartment homes in support of workforce housing, and new construction. All of these pieces come together to make an impact in the communities we serve. 

You will be responsible for monitoring both financial and operational metrics to drive consistent performance of owned and managed assets, facilitating growth & consistent positive investment returns and asset value through the execution of exceptional management, service and capital improvement programs. Working closely with senior leadership, property management, construction management, investors and partners, you are expected to develop strong working relationships, credibility and confidence with each group. 

What You Have Already Achieved (Requirements)

• Background in Multifamily operations
• Experience working with internal and external investment partners is preferred
• 3-5 years of asset management experience overseeing RV Resorts, Hospitality, and Commercial assets.

What You Are Great At (Responsibilities)

• Work with property managers to develop a written, defined Success Action Plan for prompt turnaround of underperforming assets within assigned portfolios.
• Have an in-depth understanding of competitors within our target markets. Utilize this knowledge to drive performance of the properties within the assigned portfolio.
• Conduct regular property visits to ensure compliance with business plan, industry best practices, and to assess the general operational and capital needs of the property.
• Review and gain understanding of legal documents such as loan agreements, guarantees, and promissory notes, and coordinate with the borrower and respective staff to ensure the loans remain in compliance.
• Perform financial analysis of properties including operating statements, budget variance review, loan administration, lease analysis, and any other relevant reporting or documentation.
• Work closely with internal and external property management teams to review, approve, build and manage capital expenditures budgets for assets
• Stay abreast of business and market trends and provide recommendations for expense savings and income opportunities.
• Research and recommend innovative strategies and technologies that can drive performance and value to the portfolio.
• Work with joint venture partners, construction management, property management and accounting teams to ensure effective management of lender / construction draws, reserves and lender holdbacks within the assigned portfolio.
• Assess performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Analyze data and present actionable recommendations to senior leadership on a monthly and quarterly basis, driving performance relative to the original underwriting strategies or business plans.
• Hold third party property management companies accountable to business strategy and achievement of budget expectations through weekly performance update meetings, monthly reporting and ongoing communication
• Provide accurate, thorough and well articulated timely investor reporting each month
• Maintain business relationships with general partners/developers, management agents, lenders, contractors, and third-party consultants as it relates to the flow of relevant and timely asset related communication
• Monitor investment and property performance to preserve & increase the value of the investment throughout the asset life
• Work with internal and external property management teams to drive asset performance in accordance with the approved budget and business plan
• Perform other duties related to asset management as assigned or required

What You’re Motivated By: 

• Making an impact. Whether it's the residents who call our Thriving Communities home, the investors who trust us to be stewards of their capital,  or the sponsors we work with to 10x their business, everything we do is about making an impact. 
• Challenges. You see roadblocks as opportunities and are proactive in finding solutions. 
• Growth. We’ve been named to the Inc. 5000 as one of the Fastest-Growing Private Companies in America for eleven consecutive years. 

Who We Are

What We Do In One Sentence:<