Associate, Portfolio Management

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, Texas, and Washington DC, Fairstead owns a portfolio of more than 27,000 apartments across 28 states that includes 27,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator.

Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships

Fairstead is seeking an Associate, Portfolio Management to join our real estate team. In this role, you will play a key part in both the financial and operational performance of our national portfolio. You will be responsible for analyzing property-level financials, tracking key performance metrics, and supporting strategies that enhance asset value and drive long-term returns.

Responsibilities:

• Conduct thorough financial analysis, including cash flow projections, budgeting, and financial modeling to evaluate the performance and potential of each property.
• Create and manage asset-level business plans including execution of identified initiatives throughout the calendar year
• Work closely with affiliated management company to devise and carry out property strategies and business plans for each property, including site visits
• Assist with communications and reporting with lenders, investors, and third-party owners
• Complete RFPs and other tasks related to third party property management opportunities
• Responsible for the portfolio roll-out and operations of ancillary business ventures
• Review asset performance to identify revenue opportunities and expense saving projects across Fairstead’s portfolio
• Work with compliance department to ensure properties are in good standing
• Prepare ad hoc internal performance reports and updates for senior management, investment, and other stakeholders
• Present investment strategies, financial analyses, and portfolio performance in a clear and concise manner
• Maintain strong relationships with internal and external stakeholders, including investors, lenders, property management teams and outside brokers
• Assist with making recommendations for refinancing, disposition, or other capital events to achieve determined financial milestones or outcomes.

Requirements:

• Minimum 3+ years real estate experience required
• Bachelor’s degree required
• Experience in asset management and/or operations in the multifamily asset class
• Knowledge and experience with the Low-Income Housing Tax Credit Program gained from asset management, operations or development.
• Excellent communication skills
• Ability to work cross-departmental through Fairstead’s different verticals
• Knowledge of the NYC residential and retail rental market a plus
• Financial modeling (Microsoft Excel) and analytical skills
• Demonstrated competency in financial statement analysis, business valuation, accounting and finance.
• Yardi and RealPage experience
• · Team – oriented, organized, strong project management skills and follow-through
• 25% travel required

Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.