Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. Between our completed developments and pipeline, LMC controls over 100 communities across the US that exceeds 33,000 homes and $12 Billion in development costs and consists of high-rise, mid-rise and garden apartments.
Summary of Position Requirements:
The Asset Management Associate will assist in all aspects of LMC's investments activities. The Associate will work with LMC's internal and external legal teams, regional development offices, Controllers and Investments team to ensure a proactive approach to internal and external compliance, reporting standards and partner communication.
Principal Duties and Responsibilities:
Assist Senior Asset Managers in creating and preparing property level business plans to maximize property value by meeting or exceeding underwriting assumptions
Provide analytical support on a wide variety of assignments including cash flow modeling and reforecasting, review of property operating statements, and market research
Assist in appraisals, valuations, and disposition processes
Analyze financial data and reports against budgets and financial benchmarks
Track historical Income and Expense data
Analyze granular month by month lease-up strategies
Manage monthly and weekly reporting
Collaborate with other internal business units to analyze vacancy, absorption, and rental rates
Assist in underwriting of new development or acquisition opportunities
Bachelor's degree in Finance, Real Estate and/or Economics preferred, but not required
Advanced Microsoft applications experience (Excel, PowerPoint, Word)
Must have excellent organizational, interpersonal, quantitative, writing and communication skills
Excellent problem-solving skills and results-oriented attitude
Ability to work as a team player
Outstanding time management skills
Self-starter and highly motivated
Ability to prioritize effectively and multi-task
This is primarily a sedentary office position which requires the ability to work in excess of eight hours per day in the confined quarters of an office. Also requires the ability to bend, stoop, reach, lift, and move and/or carry items up to 25 pounds. Finger dexterity in operating a computer keyboard and calculator. Office work requires sitting at a computer monitor for extended periods of time, completing paperwork and to receive/return phone messages. Standing is required for filing and copying.
This position outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice.