Associate, Dispositions

Tricon Residential
United States, Texas, Irving
Nov 16, 2024
Tricon Residential is anownerand operatorofa growing portfolioof morethan 38,000 single-family rental homes in the U.S.Sun Beltand multi-familyapartmentsin Canada.Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy.We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams.Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit Tricon Residential. Job Description The Associate, Dispositions will develop and execute strategies to effectively dispose of a portfolio of single-family homes across the US, including overseeing direct brokers or third party asset management companies. Responsible for the management of an assigned disposition pipeline of SFR homes across varying stages (e.g., pre-list, list, close) to maximize asset value and maintain velocity goals. Reports to Director or VP of Dispositions. Essential Duties and Responsibilities include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel. Oversee the effective sale on a pipeline of 125-200 SFR homes in the US at varying stages Establish market values, evaluate marketing strategies including renovation value add oversight, negotiate contracts and manage via firmwide velocity and execution requirements Collaborate with internal teams to establish repair scopes and budgets to maximize recovery at the property level Monitor internal and external construction vendors to ensure compliance with the company's disposition repair scope and quality standards Direct and manage the relationship with real estate agents and brokers Monitor reports and completion of tasks designed to minimize exceptions and produce strong performance results Maintain exceptional customer service, communication and responsiveness to internal stakeholders, brokers and vendors Negotiate purchase offers to achieve the highest net sales proceeds possible Review purchase and sale agreements to ensure accuracy and compliance with company policy Accurately maintain transaction details in the organization's technology platform and operating systems Conduct thorough market analysis to assess property values, market trends, and competitive positioning Ensure all asset management activities comply with federal, state, and local regulations, as well as company policies Analyze data related to property sales, market trends, and operational efficiency to inform decision-making. Provide regular updates and reports to various stakeholders, including and senior management on asset performance and disposition strategies. Identify and implement best practices and process improvements to enhance the efficiency and effectiveness of asset management. Qualifications: Leadership Skills: Excellent leadership experience with strategic oversight and team management. Entrepreneurial Spirit: Creative and able to think outside the box. Market Knowledge: Understanding of housing market dynamics, property valuation, and operations. Analytical Skills: Strong quantitative and qualitative analytical abilities. Strategic Thinking: Ability to generate innovative ideas and add value. Industry Relationships: Existing relationships are helpful; ability to manage transaction pipelines. Communication: Excellent written and verbal communication skills. Work Ethic: Strong work ethic, motivated by team and company success. Travel: Willingness to travel to satellite offices or markets as needed. Project Management: Ability to manage multiple projects and initiatives in a fast-paced environment. Negotiation: Strong negotiation skills with high-impact decision-making capabilities Minimum Requirements: Education: BA or BS in business administration, finance, management, real estate, or related field Experience: 3+ years of relevant real estate experience in acquisitions, dispositions, asset management, or related roles. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including: Frequently required to sit, talk, and hear. Frequently required to stand and move; use hands to grasp, squeeze, finger, handle, and feel; reach, push, and pull with hands and arms; occasionally required to twist; reach overhead; stoop, kneel, squat, bend, and crouch. Occasionally lift, carry, and move up to 10 pounds. Vision abilities required by this job include close vision, distance vision, and depth perception. #LI-Hybrid At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.