Trammell Crow Residential

Asset Manager

Position Summary

Trammell Crow Residential (TCR) is a national multifamily real estate developer. Over 40 years, TCR has built over 250,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. With 15 regional offices, TCR provides an on-the-ground presence, deep network, and an understanding of local market dynamics. TCR’s longstanding reputation is built on quality, entrepreneurship and operational excellence. TCR is part Crow Holdings, a privately owned real estate investment and development firm with a 70-year history and a proven track record of performance and innovation. The founding principles of partnership, collaboration and alignment of interests remain central to the firm’s mission today.

TCR is seeking a new Dallas Based Asset Manager to manage the strategic asset management processes for the Company’s National multifamily real assets. From inception of site pursuit thorough eventual sale, this individual will interface/coordinate with TCR VP’s of Asset management, development, TCR construction and 3rd party property management services providers.

Primary Responsibilites

  • Supports the pursuit / underwriting process by developing rent and expense assumptions from analysis of internal and external competitive properties
  • Underwrites property strategy and participates in selling, re-financing, organizing, and operating of the company's real estate investments.
  • Participates in design development, including preparing and administering marketing/start-up budgets.
  • Manages successful transition from construction completion and hand-off to property management operations.
  • Manages third party property management companies to ensure optimization of rents and expenses at the property.
  • Participates in asset budgeting and portfolio review processes, identifies capital project for properties, and develops operating benchmarks to monitor costs.
  • Monitors property performance including marketing, leasing, and management activities to ensure the property is operating in line with forecasts.
  • Reports key metrics, trends and variances to previous forecasts and implements proactive strategies to resolve operational, financial, and compliance problems.
  • Visits properties on a frequent basis. Coordinates asset walks of property with quality assurance team to keep up-to-date on all issues; approximately 25% travel required.

Desired Skills & Experience

  • Bachelor’s degree in finance, business, or related field, or equivalent experience is required.
  • 3 to 5 + years of experience in property / asset management or related field preferred.
  • Previous real estate experience required, preferably with multifamily asset management or property management organization
  • Exceptional judgment and decision making skills plus demonstrable asset management technical skills.
  • Effective interpersonal skills with the ability to develop and foster internal and external relationships with business partners.

To apply, please send a resume to Careers at careers@tcr.com

This overview is designed to introduce Crow Holdings and its various operating companies. Crow Holdings Capital is a U.S. SEC registered investment adviser and is the manager to the Crow Holdings Capital Funds. Maple Capital Management, L.L.C. is a U.S. SEC registered investment adviser and is the manager of the Crow Holdings Industrial Build-to-Hold Fund. Crow Holdings Capital, Trammell Crow Residential and Crow Holdings Industrial are operated separately and independently from one another with separate senior leadership and investment committees. SEC registration does not imply a certain level of skill or training.