Job Description

GET TO KNOW US:

Morgan Properties is a real estate investment firm specializing in equity and debt investments in the multifamily sector.  The Company is currently one of the largest and fastest growing multifamily investors in the country with over $7 billion in assets under management.  Its apartment portfolio of 75,000 units is concentrated in the Mid-Atlantic and Northeast regions, while its debt investment platform invests nationally.  Morgan Properties is headquartered in Philadelphia area.

_ESSENTIAL FUNCTIONS: _            

• Oversee the Investment Strategy and Business Plan for each asset.
• Assist in the creation of Property Improvement Plans (“PIP”) including gathering of market and benchmarking data, review of property performance, and measuring each asset against its peers, budgets and goals. Identify Action Plans and Follow-Up Items.
• Reviews monthly operating statements and identifies watch list properties. Collaborates with the SVP Asset Management and operations team to prioritize issues and develop action plans to address challenges.
• Site Visits to monitor the physical condition as well as its competitive position within the submarket.
• Evaluates ways to reduce controllable operating expenses for the portfolio by reviewing historical costs and potential savings or efficiencies.
• Maintain a basic understanding of the sub-market, competitive properties in the market, product supply as well as any other market forces.
• Participates in the capital budget process by analyzing potential returns on in-unit renovations and new amenities. Reviews occupancy and market rent data for properties that have successfully completed similar renovations.
• Participates in pricing calls with the Pricing Manager, Regional Manager, and Property Manager.
• Communicate effectively with JV Partners and Ownership and act as bridge between the Operations, Facilities, and the Joint Venture Partners.
• Hosts monthly calls with partners to recap financial results and address any questions or concerns.
• Position may require up to 25% travel.

QUALIFICATIONS:

• 3 to 5 years of experience in real estate, investment banking, asset management, or related experience.
• A bachelor's degree in business or finance
• Advanced Excel skills with a strong background in financial modeling and valuation analysis
• Attention to detail with strong organizational skills
• Eagerness and ability to learn in a fast-paced environment

THE “BENEFITS” OF EMPLOYMENT:

• Employee referral payment program
• Educational Enhancement Program
• Medical, Dental, and Vision benefits
• Life/AD&D Insurance
• Long and short term disability
• Retirement Plan - 401(k) Plan
• Discount on an apartment with any one of our properties
• Free access to pool and fitness center