The Real Estate Investments Manager responsibilities include identifying, contracting, entitling, planning and development of suitable multi-family residential communities. Responsibilities also include acquisition asset underwriting, earnest money contract administration, property inspection, and coordination of operational audits, title, survey and engineering review. Individual will assist with dispositions, special projects, and other group sourced development and acquisition deals. This position will report to the VP of Real Estate Investments.
Research and gain familiarity with each of our markets and localized submarkets
Be familiar with all Camden assets and how they compare with general market
Review market surveys for all acquisition and development projects
Prepare and participate in other necessary acquisition due diligence analysis including lease audit, unit walks, hiring and managing 3rd party engineers and environmental consultants, replacement cost analysis, sales comp analysis, development pipeline summaries
Perform detailed income and expense analysis and benchmarking with the existing portfolio including expense and other income comparison analysis
Work with others internally with due diligence phase and gathering of information on dispositions for potential buyers (this includes providing relevant operating reports, existing environmental reports and title and survey, as well as other information requested by buyers)
Oversee proforma models for all potential acquisitions and development deals
Reconciliation of proforma NOI to actual NOI on new acquisitions and research variance
Review local market reports for information on current and future expected rent growth, occupancy, pipeline, etc.
Travel to evaluate potential acquisition and development deals
Prepare Investment Committee books and attend meetings/conference calls for all REI activities
Establish relationships with local brokers and others in the industry
Train new hires as directed
Work as part of the REI team and coordinate frequently with internal legal, finance, property management and construction personnel as needed to complete tasks
Work on special projects or activities as designated by the company including company sponsored functions, or participation in industry functions
Master s in Business Administration (MBA)
5-10 years experience in Real Estate or a related field
Strong proficiency in Excel is mandatory
Excellent oral and written interpersonal and communication skills
Attention to detail and strong organizational skills are required
Positive attitude, integrity and reliability required
Must have the ability to work independently and collaboratively
Candidates with potential for professional growth are desired
And here s the fine print HR wants you to know:
Job is intermittently sedentary but requires mobility (i.e., climb stairs)
Will use some repetitive motion of hand-wrist in using computer and writing
Must handle stressful, urgent, novel and diverse work situations on a daily basis
Emotional stability and personal maturity are important attributes in this position
Works in a typical office setting
Hazards can be avoided with proper lifting techniques, SDS and general safety training
May require long hours and odd schedules (including weekends)
Position requires periodic travel by automobile to handle work-related activities
May require airline travel, out-of-town and /or overnight trips
Attendance and punctuality is essential for success in this position
Contact your HR team for the position s Physical Demands Analysis
This job description is not an all-inclusive list of duties and responsibilities. Camden may add or change responsibilities in order to meet business and organizational needs. Employees must meet qualification standards that are job-related and consistent with business necessity and must be able to perform the essential functions of the position, with or without reasonable accommodations.
Internal Number: 210271
About Camden Property Trust
Camden Property Trust is one of the largest publicly traded multifamily companies in the U.S. Operating as a Real Estate Investment Trust (REIT), we own, develop, acquire, sell and manage apartment communities in 15 major markets. Camden has more than 1,800 employees across the country and is headquartered in Houston, Texas.
Camden has been recognized by FORTUNE® Magazine as one of the "100 Best Companies to Work For" in the country! We are the only multifamily company to ever be included on FORTUNE's famous list. We are committed to the growth and success of everyone we work with, which is the foundation for building focused, effective teams and creating an exciting and impactful work environment. Our shared values (including our commitment to fun!) make Camden an industry-leader and one of the nation’s best employers.