Job Information
Bell Partners VP Asset Management (West) in Alexandria, Virginia
Join Bell Partners and be a difference maker.
At Bell Partners, our mission is to be the apartment company of choice by creating value and honoring commitments to our residents, partners, and associates. We proudly serve our community of 85,000+ homes across 13 states and the District of Columbia. As stewards entrusted to contribute with care and appreciation, our 2,000 associates succeed in a dynamic space where everyone impacts. We take pride in producing outstanding results and fostering a work environment that allows everyone to contribute to their fullest potential. We rise above industry standards when every associate embraces their unique role and seizes the opportunity to make an impact.
The Vice President of Asset Management (West) will provide management and support of Asset Manager and Asset Director associates with specific asset assignments in Bell’s Western region target markets. This role will lead the implementation and execution of strategies, policies, and initiatives for roughly 35 multi-family properties (11,000 units) and participate alongside the investment team for prospective acquisitions, and provide updates and communication for investors and internal audiences
Asset Management Function Defined
Owner representative oversight of Bell Sponsored assets through full hold period
Transition from Investment Team and feedback on underwriting
Capital expenditure strategic execution
Proactive performance management (e.g., benchmarks, guidance to Ops team)
Reactive project management (e.g., casualty event, material deviation from underwriting)
Bell Partners representative to communicate with investors
In place investors: quarterly reporting/ investor tours/ annual budgets
Prospective investors: limited involvement but supportive of investor tours, meetings, and communications
Essential Functions and Responsibilities:
Driving Results: Leverage our data research, FP&A team, and internal database to monitor Bell Sponsored assets performance and determine areas that need additional focus; define metrics/KPIs in coordination with Operations (Ops) and Construction Management (CM) to ensure each group of the 3-part asset team (AM, Ops, CM) has clear roles and responsibilities to drive performance and value
Communication / Reporting: Asset Management will work with Investor Relations and Fund Accounting to address owner/investor inquiries and provide property highlights for the quarterly fund report, year-end investor letters, and ad hoc communication needs
Special Situation assets: Asset Management will be involved in special situation issues (either property level or capital structure) that adversely affect cash flow and, potentially require communication with owners/lenders. As a result, discussions are needed with Operations, Financials Services/Accounting and/or Construction Services to understand the underlying issues and recommendations. At times, Asset Management will complete additional evaluation (e.g., independent market survey, financial analysis) to understand the issue more deeply and independently, as needed.
Annual Budgets: Asset management will i) work with Financial Services, Operations, and Construction Services to provide guidance and approval for yearly operating and capital budgets for all Bell assets; ii) identify, analyze and work with Operations and Construction Services (where applicable) to recommend opportunities to add value (e.g. interior unit renovation programs, expense reductions, etc.); and iii) participate in cap ex analysis if a significant major/capital plan is being proposed and/or a renovation is recommended
Notable Knowledge, Skills and Abilities:
Must demonstrate Bell Core Values and work and fit well within the company culture
Flexibility in working hours and travel as required to accomplish the work
Must be skilled in strategic planning and execution
Must possess strong financial acumen, research and analytical skills; strong problem-solving skills and quantitative abilities
Education and Background:
BA, BBA, or BS required; MBA preferred
Minimum 10 years of real estate related experience with a preference in the multifamily asset management sector
About Bell Partners
Our purpose at Bell Partners is to create communities our residents are proud to call home. We currently own or manage over 85,000 homes in North America and continue to grow. Our people are the most important part of our company. We believe in building a culture that encourages our associates to invest in and serve one another, while pushing each other to take risks, allowing us to grow together and make a difference.
Join Bell to be a difference maker. Apply today!
Bell Partners reserves the right to amend this job description at any time. We are an Equal Opportunity Employer, and as such, we recognize our responsibility to embrace and promote Diversity, Equity, and Inclusion (DEI) throughout all aspects and levels of our organization including talent recruiting and retention, training, workplace culture, and community engagement.
