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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Boca Raton, Florida

Salary: $180K - $230K

KA Real Estate manages over $14 billion of real estate AUM (as of 9/30/22) across opportunistic equity, core equity, impact equity, and real estate debt. KA Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $33.8 billion alternative investment management firm (AUM as of 9/30/22) with more than 37 years of successful experience in the real estate, infrastructure, credit, and growth capital sectors.

Kayne Anderson Real Estate (“KA Real Estate”) is searching for a Vice President/Director of Asset Management of Multifamily & Student Housing. This position will oversee a portfolio of multifamily and student housing assets, which includes stabilized assets, repositioning, ground-up development, and/or redevelopment projects. The position reports to the Director of Asset Management, who oversees the Student Housing and Multifamily sector vertical. This position will be based in the firm’s Boca Raton, Florida office, and we will also consider placement in our Chicago, Illinois office.

  • Monitor and report on the financial and operating performance of various assets against business plans and original underwriting.
  • The asset manager will be required to travel to portfolio properties to assess the overall condition of the real estate, the status of capital plans, the property manager on site, joint-venture partner engagement, and the performance of the market. Expected travel is ~2 days per week/average.
  • Manage operating partner relationships. The asset manager will be in constant communication with operating partners, and other third parties. This individual will be responsible for supporting the growth of these relationships and for representing Kayne Anderson Real Estate in the market.
  • Implement ESG initiatives at the property and portfolio level. Provide feedback to Head of ESG to continuously refine KA’s ESG strategy.
  • Support internal and external ESG reporting activities, including to industry standards such as the Global Real Estate Sustainability Benchmark (GRESB)
  • Actively update revenue, expense, and overall strategy in real-time to maximize property level performance.
  • Track property-specific critical dates and deliverables such as tax management, annual audits, accounting deliverables, debt maturities and covenant compliance, development/construction issues, leasing targets and timing, etc.
  • Significant property level engagement and guidance provided to property management teams.
  • Active engagement in property branding, property programming, and lease-up strategy, and management of marketing firms in conjunction with the management company and/or JV partner.
  • Project asset performance through refinancing, renovations, and redevelopments.
  • Supervise development and renovation projects with the support of the internal construction management department and our operating partners.
  • Coordinate internal processes across disciplines (legal, accounting, construction, capital markets) in order to ensure the execution of the business plan.
  • Work directly with the underwriting and acquisition team in evaluating potential investments.
  • Track industry trends and adjust property business plans as necessary.
  • Leverage industry relationships with operators, managers, consultants, and other contacts to evaluate markets, identify solutions to challenges and deliver creative strategies to solve challenges at prospective and existing properties.
  • Active participation in industry organizations and events

Requirements

  • Minimum of 5-7 years of relevant real estate asset management experience, inclusive of 3 or more years of experience in multifamily or student housing real estate.
  • Strong operational skills; the successful candidate will be a “hands-on” member of the Asset Management team.
  • Experience working with operating partners and negotiating third-party contracts.
  • Strategic perspective – candidates must have been involved in developing strategies for investments and possess strong execution capabilities.
  • Strong financial, analytical, and computer skills with proficiency in Excel; experience with asset management platforms and software packages helpful but not required
  • Sound judgment with the ability to identify the relevant questions and important issues when evaluating a situation
  • Self-motivated with the ability to make independent decisions while working within the framework of the groups goals and policies.
  • Have a genuine desire to excel in the execution of their work and express a passion for their role.
  • Possess a high degree of interest in working with the collective Kayne team and leveraging external resources with an eye on achieving exceptional results; both tangible and intangible.

Benefits

  • Medical
  • Dental
  • Vision
  • Flexible Spending Accounts
  • 401(k)
  • Pet Healthcare Savings Program
  • Private Health – Healthcare Navigation