In this role, the Associate Asset Management will be assigned a specific set of priorities based on investor-partner relationships. They will be responsible for evaluating and directing the assigned properties' overall performance. The focus of this role is to help RMR  and its equity partners maximize the returns on its portfolio of multi-family real estate assets.

• Lead the preparation and implementation of property business plans to achieve each asset’s target returns.
• Communicate effectively with equity partners on all business decisions.
• Act as a bridge between the operations team and equity partners.
• Identify value-creation opportunities and develop action plans to achieve desired results.
• Monitor property budget variances.
• Maintain close relationships and direct communication with investor partners/lenders.
• Prepare investor reports and distribute them through the Capital Markets team; respond to investor requests.
• Review monthly/quarterly distributions with investor partners.
• Work with the team to develop and report Business Intelligence reports.
• Manage annual property tax appeals.
• Assist with the transactions team for property acquisition, disposition, and refinance.
• Assist with ensuring compliance with the loan and joint venture covenants.

• Bachelor’s degree in finance, accounting, economics, real estate, or related field preferred.
• A minimum of 3 years of commercial real estate experience, preferably multifamily asset management.
• Understanding of general multifamily trends and individual property markets/submarkets.
• Experience working with joint venture capital partners.
• Knowledge of critical financial concepts, metrics, internal rates of return, cash-on-cash returns, etc.
• Proficiency with financial modeling; attention to detail.
• A creative, problem-solving approach.
• The ability to work independently and proactively.
• Strong organizational and project management skills.
• Yardi property management software experience.

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is strengthened by over 1,100 real estate professionals in more than 30 offices nationwide who manage over $41 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a “Top Place to Work”, by the Environmental Protection Agency (EPA) as an “ENERGY STAR Partner of the Year” and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.

RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:

• Integrity at Our Core.
• Perform Passionately and Effectively.
• Inspired Thinking.
• Like We Own It.
• Power of We.
• Mutual Respect.

Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.

Follow RMR on LinkedIn, on Instagram @thermrgroup and on Twitter @The_RMR_Group.

The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.