Development Asset Manager - Multifamily and Hotel

Description

Position: Asset Manager for 225 key One Hotel and 349 unit Waterline High Rise in Austin, TX

• Hotel Asset Management Duties to Include: 
• Financial Oversight and Performance
• ? Review monthly, quarterly, and annual financial statements from the hotel operator (P&L, STR
• reports, labor metrics, departmental expenses).
• ? Benchmark performance against budget, pro formas, comp set, and industry KPIs (RevPAR, ADR,

Occupancy, Gop, Noi).

? Monitor cash flow, forecast accuracy, and capital needs; flag variances and drive corrective actions.

• Operator and Brand Management
• ? Act as primary liaison between ownership and the hotel operator/brand.
• ? Hold operator accountable to management agreement, brand standards, and financial targets.
• ? Participate in annual business plan reviews, budgeting, and reforecast processes.
• ? Ensure alignment with mixed-use strategy (shared amenities, valet/parking, F&B integration,

Resident Benefits, Etc.).

• Revenue and Market Strategy
• ? Oversee revenue management strategy: pricing, distribution channels, and segmentation mix
• (corporate, group, leisure, transient).
• ? Evaluate marketing initiatives, brand campaigns, and sales efforts for ROI.
• ? Assess competitive positioning through STR and local market intel.
• Operations and Guest Experience
• ? Monitor service quality, guest satisfaction scores, and brand audits.
• ? Push for operational efficiencies in labor, procurement, and energy management.
• ? Ensure integration and harmony with the broader mixed-use development (residential amenities,
• retail synergies, parking, etc.).
• Reporting and Ownership Interface
• ? Provide ownership with consolidated reporting across multifamily and hotel components.
• ? Create dashboards summarizing financial performance, key risks, and opportunities.
• ? Support refinancing, sale, or recapitalization efforts by packaging hotel performance data for

Investors And Lenders.

Multifamily Asset Management Duties to Include

Asset Preservation

? Punch/Acceptance Coordination.

? Oversee warranty walks for asset management on new construction.

? Ongoing property inspections.

Real-Time Market Intelligence

? Visit at least one competitive property in each market visit.

? Work with Development Associates/Analysts to stay current on market pipeline of new and future

Competitive Properties.

? Execute development reports and market surveys during on-boarding period.  Support ongoing

When Needed.

• Lease-Up and Operational Support
• ? Work with Operations teams to troubleshoot traffic and leasing challenges.
• ? Evaluate traffic, pricing, and leasing velocity consistently to ensure assets are meeting budget

Expectations.

• ? Evaluate marketing efforts by on-site staff and Kairoi Management support staff to ensure
• effectiveness relative to spend and traffic generation.
• Operating budget guidance and review
• ? Monitor cash flow, forecast accuracy, and capital needs; flag variances and drive corrective actions.
• ? Actively identify and pursue additional income opportunities (ancillary revenue streams, amenity
• monetization, partnerships, cross-selling with hotel/office).
• Asset Prep for Disposition
• ? Identify and oversee execution of any capital needs to prepare the asset(s) for disposition

Marketing.

? Work with Asset Management Analyst to audit on-site contracts, licenses, and permits.

Reporting

? Update and distribute weekly Asset Management portfolio leasing reports.

? Compile Strategic Plan as part of the lease-up budget process.

? Special projects as needed, to include compiling and formatting presentations, ad hoc leasing

analysis, market research, etc.

Requirements

Qualifications

• Undergraduate degree in real estate, finance, economics, business, accounting, or similar degree required. 
• Experience can over-weight education.
• Minimum of 5 years of relevant work experience, with at least 2 years focused on hospitality/hotel assets.
• Proficient Microsoft Office platforms are required, with an emphasis on Excel. Experience working in Property Management Software (Yardi, Real Page, or Entrata).
• Ability to perform a variety of responsibilities with attention to detail, strong work ethic, and commitment to excellence.
• Must take initiative, be independently resourceful, prioritize time and perform within a team setting while maintaining focus and multitasking in a fast-paced, time sensitive environment.
• Excellent written and verbal communication skills.
• Exhibit strong intellectual curiosity
• Location: Kairoi San Antonio office preferred; Austin office with San Antonio travel also viable.
• Heavy travel (up to 60%).

Kairoi Residential

Kairoi Residential is a multifamily development, investment, and property management company

headquartered in San Antonio with regional offices in Austin and Denver.  Since 2003, the partnership

has transacted on $7 billion across 35,000 multifamily units throughout the United States.