Vp, Asset Management (Remote)

Welcome to Fairway America, where we are building value in real assets through integrity-led investing. With over three decades of experience, we specialize in crafting and executing diverse credit and equity portfolios in the middle market real estate sector. Our commitment to a rigorous, value-driven approach, combined with our ability to identify and strategically pursue long-term investment trends in private real estate across market cycles, has consistently delivered positive results. As a team, we are driven by a shared dedication to understanding the challenges faced by our investors and partners and delivering innovative solutions unique in the sub-institutional market. If you are enthusiastic about contributing to creating value in real estate, we invite you to join us! Your dedication and expertise will play a crucial role in continuing our tradition of success.

The Role

Our VP, Asset Management plays a critical role in the day-to-day management of our portfolio. You will oversee a portfolio of direct real estate assets across the country, with a variety of asset strategies. Your focus will be working with our operating partners to ensure the asset is being managed in line with the business plan, optimizing outcomes for our investor base. The right candidate will not only have strong financial and analytical skills, but they will also have exceptional interpersonal and relationship management skills. This is an opportunity to join a growing entrepreneurial team and make a real impact on the success of the overall organization.

Our preference for this role is candidates in the Portland, Oregon region however remote candidates located on the West Coast will be considered.

Our Core Values

• Bias Towards Action: We prioritize solutions and move quickly to execute on them.
• Integrity is our Foundation: We do not compromise our principles.
• Innovate Boldly: We redefine what is possible.
• Relentless Pursuit of Excellence: We never settle for less than extraordinary.
• Strength Through Adversity: Challenges are not roadblocks but detours to our true potential.
• Take Ownership, Not Credit: We own our path to success and leave our egos at the door.
• We Rise Together: Our success is a joint venture.

Responsibilities

• Manage a portfolio of direct real estate assets with a medium to high level of complexity, including maintaining a detailed working knowledge of each asset within your portfolio, its current performance, and the overall business plan.
• Drive operating partners to ensure transparency, effective and efficient execution of the business plans.
• Prepare regular reports at each asset milestone on an ongoing basis and report to Executive Leadership and Investor Relations.
• Conduct analytical analysis, including reforecasts, of assigned assets and deliver recommendations with reasoned support to Executive Leadership for review and approval.
• Assess and value the assigned assets on at least a bi-annual basis.
• Lead the disposition and refinance process of any assets approved for sale or refinance.
• Review and update the KPI data for the assigned assets as designated per the watchlist process.
• Prepare and deliver a quarterly review for the assigned assets of the progress against action items and performance for the quarter along with project the following quarters action items per assigned asset.
• In addition to reporting on investment milestones, support the Investor Relations team by providing the necessary information and data to enable transparent and proactive reporting to the investor base.
• Additional responsibilities as directed for the success of the team and the Company.

Skills and Qualifications

• Bachelor's degree in business, finance, or a related field.
• 5+ years of experience in commercial real estate Asset Management, or financial analysis in direct real estate.
• Highly proficient in Argus, Microsoft Excel, and other Microsoft applications.
• Exceptional interpersonal skills, with demonstrated experience in relationship management and conflict resolution.
• Ability to present and communicate complex financial concepts in an efficient and professional manner to executive decision makers, internal stakeholders, sponsor partners and investors.
• Understanding of standard real estate documents (leases, operating agreements, environmental reports, appraisals, lender agreements, etc.).
• Ability to travel up to 30% of the time to visit assets within your portfolio.
• Highly detailed and accurate with an ability to focus despite managing competing demands in a high-pressure environment.

Our Benefits

We are a values-driven organization with a competitive benefits package, including:

• Flexible schedule and hybrid work options.
• Generous paid time off and nine paid company holidays.
• Company paid medical, dental, vision insurance (plus company pays 50% of premiums for eligible family members).
• Short and long-term disability, and life insurance coverage.
• Profit sharing plan.
• 401(k) plan, with company match.
• Eight weeks of gender neutral paid parental leave.
• Paid training and development opportunities.
• Small, dynamic team = massive impact!

At Fairway America we don't just accept differences, we welcome them, support them, and thrive on them for the benefit of our employees, investors, partners, and community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. If you're good at what you do, come as you are. The more inclusive we are, the better our work will be. Fairway America is proud to be an equal opportunity workplace.