Senior Asset Manager

Senior Asset Manager

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of December 31, 2024. MSIM strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

Basic Purpose :

The successful candidate will be responsible for the preservation and financial growth of an assigned portfolio of institutional grade real estate assets for a national multi-sector portfolio (primarily comprised of multifamily, industrial, and triple-net leased properties) with a current value in excess of $9 billion.

Primary Responsibilities :

Review and analyze operating reports prepared by third-party managers. Reviews include monitoring financial statements, leasing activity, rent levels, as well as capital projects to evaluate performance of assigned portfolio, property managers and other service providers.

Conduct property and market tours to review property operations and physical condition as well as develop understanding of immediate submarket and overall market dynamics.

Develop operating budgets, capital budgets, business plans and leasing strategy of assigned portfolio with third-party property managers.

Review third-party property appraisals and prepare and document internal valuations on assigned portfolio and participate in internal and external reporting of results.

Represent fund interests in discussions and negotiations with tenants, leasing brokers, third-party property managers, lenders, property tax consultants, joint venture partners and other parties.

Provide support to the Acquisitions & Disposition and Finance teams in the underwriting, due diligence and transition planning of potential acquisitions and assist in the coordination of any dispositions.

Responsible for updating and maintaining all documentation and contracts related to assigned portfolio, including, but not limited to, closing documents, leases, tenant correspondence, loan documents, operational reporting, etc.

Assisting other members of REIG and Fund Administration as requested, particularly on matters relating to the valuation of physical real estate assets, performance analytics and internal and external reporting related to such assets. Lead special projects to improve processes and the group's operating efficiency.

Job Requirements :

Bachelor's degree or equivalent in business, finance, real estate, or a related field. MBA or other graduate education preferred. Minimum of 5 years' experience in real estate asset management, finance, or accounting, with minimum of 3 years of direct asset management experience in the multifamily sector. Up to 25% travel required. Strong attention to detail, with emphasis on numerical aptitude and analytical skills. Strong computer modeling skills including robust Excel and Argus capabilities. Sound judgement, problem solving, and risk assessment in the application of analytical conclusions and management recommendations. Experience with data and analytics-driven, strategic asset management. Excellent verbal, written and interpersonal communication skills are essential. Experience with CAPEX management and cash flow optimization. Successful team mentorship and performance oversight experience. Strong customer service orientation toward both internal and external customers is required. Superior working knowledge of MS Office applications and RealPage products. Thorough understanding of commercial real estate lending terms and conditions.

What You Can Expect From Morgan Stanley :

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $175,000 and $225,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).