The Associate will support Hudson’s multifamily team, working closely with Lone Star, by assisting in the asset management, value creation, and overall business plan execution process for multifamily investments owned by various affiliates of Lone Star Funds. He / she will also participate in occasional due diligence, underwriting, and general acquisition activities related to new multifamily investment opportunities.
Direct responsibility for the management of certain acquired multifamily investments owned by affiliates of Lone Star.
Develop detailed business plans and annual operating budgets for each assigned portfolio / asset.
Implement and effectuate annual business plans through actively overseeing property management, leasing, accounting, legal, appraisal, tax, as well as third-party consultants.
Responsible for the oversight, coordination, and execution of value-add renovations and capital improvements.
Prepare financial analyses (such as cash flow models, valuations, risk return analysis, and hold/sell scenarios) to evaluate property-related investment strategies, as well as additional ad-hoc analysis on portfolio performance and asset management initiatives.
Prepare and present regular asset performance reports to senior management.
Perform regular market visits and property inspections for assigned assets.
Develop and maintain knowledge regarding capital markets activity in various geographic regions targeted by the firm.
Manage and lead asset disposition processes, including broker selection, negotiating purchase and sale contracts with prospective buyers, and closing.
Develop and maintain investment models using Microsoft Excel.
Provide guidance, training, and professional development to junior team members.
Extensive experience and strong passion for working with institutional multifamily investments & capital sources/investors.
Exposure to a wide range of multifamily investment strategies; value-add renovation and asset re-positioning experience strongly preferred.
Proven competence in maximizing asset / portfolio financial performance.
A thorough understanding of real estate investment fundamentals, market trends, corporate finance and value.
Background in leveraged investments & management of investment features outside of property level considerations
Prior acquisitions & underwriting experience is a plus
Excellent financial modeling skills (Microsoft Excel) and highly proficient with Microsoft Word and PowerPoint.
A quantitative thinker, able to analyze financial data to generate and validate critical concepts and extract insight and conclusions based on data and market intelligence.
Excellent written, verbal, and interpersonal communication skills.
Ability to present ideas persuasively and defend them in a clear, concise, and compelling manner.
Strong experience developing and maintaining relationships.
Effective negotiating skills, with experience negotiating with brokers, property managers, and sellers / buyers in connection with acquisitions / dispositions.
Excellent financial modeling skills (Microsoft Excel) and highly proficient with Microsoft Word and PowerPoint
Demonstrated ability to prioritize work and manage time.
Self-motivated, self-teacher, and quick learner; able to pick up the technical skills necessary for any project.
Thinks like an owner
Hard working, detail-oriented, and committed to producing great results.
Ability to thrive in a fast-paced, rapidly changing work environment.
Team player with a positive attitude.
Strong integrity and professionalism.
Accountability - Demonstrates a commitment to and responsibility for accomplishing individual, team and business objectives
Drive - Consistently achieves challenging goals/objectives, and demonstrates an ability to create value and maximize results
Planning- Identifies business needs, problems and risks proactively, and develops well founded plans that specify strategies, actions/solutions, risk mitigants and desired results
Critical Thinking / Judgment - Commits to an action after developing alternative solutions that are based on logical assumptions and factual information and that take into consideration resources risks and organizational values
Adaptability - Exhibits the capacity to successfully change and evolve one’s actions, opinions and behavior as a result of changing priorities or environment
Communication Skills - Proactively communicates in the appropriate medium with clarity and focus at the right level to ensure delivery has the appropriate impact
Influential Leadership - Leads with confidence and conviction, and is able to establish credibility, trust, and respect among team members
Teamwork - Fosters collaboration among team members and business partners, and uses capabilities to achieve team goals