L&B Realty Advisors: Asset Management Analyst

JOB OPENING

About the job

Headquartered in Dallas, Texas, L&B Realty Advisors, is a real estate investment advisor with approximately $10 billion in assets under management. Founded in 1965, the firm provides real estate investment management services to institutional investors and high-net-worth individuals. Clients include public and private pension plans, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, and private investors. The firm is comprised of two distinct functions: investment management and independent fiduciary services. As an investment manager, the firm executes full-service investment management from acquisition to asset management to disposition. As an independent fiduciary, the firm provides financial advisory and owner representation services.

L&B Realty Advisors is looking for an Analyst to support the Multifamily Asset Management team. This position is located at L&B’s Headquarters, is full-time, and will require the candidate to work in-office Monday – Thursday (with ability to work remote on Fridays only).

Title: Analyst – Multifamily Asset Management

Position will be responsible for the following:

· Prepare annual budgets and strategic asset management plans for institutionally held investments located in primary and secondary markets across the country;

· Create, implement, and maintain various tracking criteria related to property operations and performance;

· Review property reports for accuracy and variances;

· Review, edit, or write narratives or summaries for monthly, quarterly and annual reports;

· Prepare quarterly property valuations;

· Prepare periodic local leasing market updates;

· Conduct market research to learn local market economic drivers;

· Learn property positioning and competitive set;

· Coordinate and review annual property appraisals;

· Coordinate information between departments;

· Assist asset manager in supervising third party managers to ensure execution of asset plans;

· Assist asset manager in conducting periodic property inspections – light travel necessary;

· Assist in property due diligence for acquisitions and dispositions;

· Stay abreast of capital market conditions;

· Establish and maintain network of contacts in real estate, insurance, legal and marketing professions;

· Other duties as assigned.

The ideal candidate will have:

· BBA in Accounting, Finance, Business Administration or Real Estate and 1-3 years related experience

· Strong analytical and organizational skills

· Proficiency in financial modeling using Excel

· Detail oriented with ability to multitask

· Excellent verbal and written communication skills.

· Proficiency with Microsoft Office products - Outlook, Word & Excel

· Strong capacity to learn new software – familiarity with CoStar and Green Street Advisors is a plus

L&B Realty Advisors offers an excellent benefits package including vacation and sick pay, tuition reimbursement, PPO medical/dental/vision plan, matching 401(k) plan, above average holidays, health club reimbursement, and business casual work environment.

L&B Realty Advisors is an Equal Opportunity Employer. L&B Realty Advisors values Diversity, Equity and Inclusion and has a specific DE&I policy included in their Employee Handbook.