Job Information
Enterprise Community Partners, Inc. Asset Manager, Transactions in Seattle, Washington
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with anexceptional benefits package. Job Description Summary The Asset Manager, Transactions position exists to support the execution of transactions critical to the overall performance of the growing Real Estate Equity (REE) portfolio. This position will be a critical part of the REE Asset Management team, providing in-depth post-closing analysis required to execute on property level refinancings, partnership restructures, follow-on investments, dispositions and other aspects of investment analysis and forecasting. The Asset Manager, Transactions will also manage the lower tier quarter cash distribution process, and work closely with the Vice President, Asset Management & Investor Relations and the rest of the Asset Management team to leverage and improve existing resources in support of transactions and portfolio analysis and will also be assigned special projects on an as needed basis. This position will work with external and internal customers and must have strong analytical, problem-solving, organizational and communication skills. Job Description Responsibilities: Refinancings - Review and evaluate refinance opportunities by modeling various options presented and identifying opportunities where refinancing should be considered, working closely with the REE Asset Manager and Sponsor to ensure accuracy of information and alignment with underwriting. Provide recommendations and manage internal refinance process through closing. Restructures & Follow-on Investments - Review property operational trends, working closely with REE Asset Manager and Sponsor to ensure accuracy of information and requesting any additional reporting necessary (e.g., cash collection reporting) in order to reproject future operations based on informed and recommended assumptions. Provide internal recommendations and facilitate all aspects of restructure and/or follow-on investment through closing. Dispositions - Review and evaluate disposition opportunities by modeling various options presented, including hold/sell analysis, review and comparison of Sponsor and broker underwriting, working closely with the REE Asset Manager and Sponsor to ensure accuracy of information. Review joint venture LPAs to confirm Right of First Refusal, Put/Sale options, disposition proceeds waterfalls and other applicable provisions. Provide internal recommendations and manage internal disposition process through closing. Lower Tier Cash Distributions - Provide a leadership role managing the quarterly cash distribution process, including leading the communication with Sponsors each quarter, tracking the receipt of cash available for distribution calculations, reviewing those calculations for accuracy, updating Enterprise's lower tier transaction models, providing feedback and recommendations to Senior Management and the REE Asset Manager for discussion to determine if the distribution c