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Evergreen Residential Holdings, LLC

Revenue Management Associate, Build-to-Rent Communities

New York, Ny; New York Office United States
Junior · Investment Management
POSTED 21 OCT
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Role
19 days opentrue age
Posted 21 Oct
Payin text
$120k–135kposted
▲ +42% vs market median $90k
$57k$135k
Market p25–p75
$57k–$120k
New York · n=368 · 365d to 6 Nov
CompanyEvergreen Residential Holdings, LLC →
25open roles
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All tracked boards · live 10 Nov · n=33,991

Evergreen Residential is a high growth Real Estate Company and institutional investment platform in the single-family residential ('SFR') and build-to-rent (“BTR”) sectors. We are committed to changing the way investors own and manage SFR homes, and to building a modern way to deliver the data, tools and services that enable our clients to invest in the world’s largest asset class at scale. Our team is collaborative, open-minded and curious. Transparency is a core value, we speak our minds, are responsible for our actions and celebrate our wins. We are serious about our business, but we don't take ourselves too seriously.

We offer a flexible, empowering culture, competitive compensation and benefits, and the opportunity to work with and learn from industry pioneers and experts.

If you are self-motivated and mission driven with a ‘can do’ mindset and see solutions where others may see problems, come and grow with us!

We are looking for an Associate to join our Revenue Management team to drive performance across Evergreen's Build to Rent communities. The position will be tasked with improving workflows, tracking asset performance, and thinking creatively to execute investment strategies by working closely with various teams across the organization. The ideal candidate will have experience in valuation underwriting or asset management, ideally with background in a residential asset class. Our team works hard and is committed to delivering best-in-class results for our partners and we expect the associate to approach the work with a high level of care and attention to detail. The fast-paced environment and ever-changing SFR landscape requires a candidate that is up for a challenge and will be willing to help on a variety of initiatives. The position will be based in our New York City office, and we will consider a hybrid work schedule.

The Role: This position includes, but is not limited to, the following responsibilities:

  • Perform Revenue Management functions for Evergreen Residential’s Built-to-Rent (BTR) communities
  • Establish community-level lease up plans and work to execute defined investment strategies by tracking asset level performance, monitoring the competitive landscape, and reviewing macro market trends
  • Conduct weekly performance calls with Community Managers and BTR Leasing Manager to gather prospective resident feedback, monitor community condition, and drive strategic initiatives
  • Assess unique marketing and advertising strategies to increase top-of-funnel demand and drive prospective resident conversion
  • Evaluate and review value-add improvements to maximize ROI and drive leasing performance; collaborate with Construction and Expense Management teams to execute
  • Create and improve community level reporting materials to holistically track deal-level performance relative to underwriting
  • Prepare and present materials on an ad hoc basis to internal and external stakeholders
  • Work to implement efficiencies through improved workflows and assist in the design of cutting-edge technology enhancements that will drive growth and performance
  • Work collaboratively across various teams within the organization to ensure BTR investments are performing at the highest level

Qualifications and Experience

  • Bachelor’s degree required, ideally focused on finance, business or real estate
  • 3+ years’ experience in real estate asset management and/or underwriting (SFR or BTR background a plus)
  • Collaborative team player, able to successfully perform on cross functional activities
  • Highly organized with excellent project management skills and strong attention to detail
  • Analytical mindset, adept at critical thinking and problem solving
  • Motivated self-starter
  • Demonstrated ability to perform effectively in a fast-paced, entrepreneurial environment
  • Flexible and able to effectively manage ambiguity and change
  • Excellent written and verbal communication skills
  • Open to travel for on-site visits and diligence - expect majority of work to be in New York

The anticipated base salary range for this position is $120,000-$135,000. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

Source · Evergreen Residential Holdings, LLCFirst seen 7 NovOriginal ↗