Vice President, Asset Management

Open the door to your dream job and join #TeamMainStreet. With more than 22,000 homes in 30 markets, Main Street Renewal is one of the largest providers of single-family rental homes across the country. We understand that our employees are the invaluable drivers of our success. That's why we hire the most talented, passionate individuals who enjoy contributing to a growing, winning team. Here, you'll be a part of a fast-growing company dedicated to providing a best in class leasing and customer service experience to our residents.

Our Asset Management team oversees all asset-level decisions including acquisition underwriting, capital expenditures, leasing, and asset dispositions for our Residential business and services & manages a portfolio of CRE loan investments for the private credit business. This team sits at the center of our investment management and operational field teams, serving as leaders and collaborators with every function throughout the organization managing the asset acquisition and improvement lifecycle, and working with our capital management, portfolio management, and operational field teams. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance, and manage group operations. This Vice President will partner across both the Residential and CRE operations of the firm and within the group to ensure efficiency.

Amherst is a real estate private equity firm with multiple equity and debt strategies. Holistically, Amherst currently has AUM of $10.9bn across our debt and equity strategies. Amherst Holdings real estate private equity business was established in 2012 after multiple decades in the residential mortgage securities investment banking business. Amherst’s private equity business has grown from 34 employees in 2012 to roughly 1,100 today. Amherst continues to grow rapidly to capitalize on increasing industry opportunities.

Real Estate Private Equity:

Our Single Family Residential Equity strategy (Amherst Residential) has quickly scaled over the last 5 years to own and operate 35,000 homes in 30 markets across 21 states while building a vertically integrated real estate investment and operating platform. Across the SFR strategy, Amherst has raised almost $3.5bn in equity and arranged approximately $10.7bn in debt financing to date.

Our Asset Management team oversees all asset-level decisions including acquisition underwriting, capital expenditures, leasing, and asset dispositions for our Residential business. This team sits at the center of our investment management and operational field teams, serving as leaders and collaborators with every function throughout the organization managing the asset acquisition and capital improvement lifecycle, and working with our capital management, portfolio management, and operational field teams. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance and manage group operations. This Vice President will partner across the Residential group to ensure efficiency.

Responsibilities:

• Implement and continuously drive business strategy and initiatives in close partnership with the Head of Asset Management; reporting into him
• Collaborate with and work across each function in the asset management team to execute strategic goals across the Residential subdivisions of Asset Management
• Ensure appropriate focus and coverage on key initiatives
• Manage business planning, identify, and address coverage gaps/concerns
• Conduct and prepare quantitative and qualitative business analysis to deliver operational reporting (acquisition updates, capital expenditure and leasing forecasts, and senior management updates)
• Partner with Capital Management, Portfolio Management, Construction and Leasing operational field teams to ensure proper controls are in place and group compliance with policies
• Proactively identify performance variances and workflow challenges and implement corrective actions

Qualifications:

• College degree required; MBA nice to have
• Six (6) years of experience with Master’s or eight (8) years of experience with Bachelor’s in investment banking, private equity, or consulting
• Interested candidates need demonstrated abilities to:
  • Serve as a sounding board and thought partner to develop new strategies and collaborate across the organization to implement process improvements
  • Proactively identify and develop solutions to operational problems
  • Understand financial modelling (solid Excel and PPT skills)
  • Keen sense of curiosity about the industry, keeping up to date with industry happenings
  • Interpret and present analysis thoughtfully
  • Develop expertise across a broad spectrum of issues
  • Deliver results thoughtfully under tight deadlines, translating strategy into execution
  • Collaborate across organizations and manage stakeholders
  • Operate independently and demonstrate ownership

Main Street Renewal is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.