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Real Estate Asset Manager

Location:
Denver, CO
Salary:
150000
Posted:
February 27, 2024

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Resume:

Ryan Bruders

LinkedIn ad3ynw@r.postjobfree.com 262-***-****

Professional Experience

Partners Group

Asset Manager (March 2022 – Present) Denver, CO

• Act as Lead Asset Manager for 5 office and residential investments totaling c. $300m of firm invested equity and provide analytical and strategic support for 5 Senior Asset Managers on the c. $8bn AUM US portfolio across residential, industrial and office assets

• Execute on multimillion-dollar value-add/development business plans across all covered assets; divestment strategy/execution, debt coordination, business plan modification, capital expenditure/budget oversight, lease approval. Deliver regular hold/sell analyses and recommendations

• Share property business plans and market research with investors, and provide ongoing updates to ensure capital allocation aligns with their mandates

• Present to Investment Committee on property types, markets, current debt terms, and operator performance for new acquisitions

• Submitted over 30 Investment Committee memos and completed over 50 financial models (Excel & Argus) regarding divestments, debt (e.g., new money analysis on loan modifications/refinances) and recapitalizations

• Lead monthly portfolio-wide financing update memo for Partners Group's Global Investment Committee

• Track portfolio-level metrics i.e.: Sector Allocation, Debt Metrics (Covenant tracking) and Development Exposure

• Produce asset valuations/forecasting on a quarterly basis, in conjunction with brokers, operators, and appraisers Selected Transaction Experience:

• Disposition of 3 value-add multifamily assets (445-units) in Phoenix in Q4 2022, resulting in returns of 24.6% IRR and 2.34x EM. Proceeds from this sale were used to pay off the loan on the remaining 3 assets within the JV

• Strategic add-on acquisition of a strip center in Austin. This add-on provided the JV full control of a 7 acre site, with the intent to convert into a 918-unit multifamily development

• Converted 2 buildings in Phoenix from Class C office space to medical office and flex industrial to capitalize on stronger leasing markets and cap rate compression.

Altus Group (ARGUS)

Manager (November 2021 – March 2022) Denver, CO

Senior Associate (March 2020 – November 2021); Associate (February 2017 – February 2020) Chicago, IL

• Led a team of 8 in the Investment Management Services group; responsible for acquisition, asset management, and valuation advisory of commercial real estate across major asset types and geographical regions. Notable clients included Angelo Gordon, Brookfield, Heitman, Starwood Capital, Goldman Sachs, and MetLife

• Promoted to Manager off-cycle due to superior performance; acted as point-of-contact on engagements working directly with Managing Directors, Vice Presidents and Directors at Private Equity firms, Investment Banks, and Lenders

• Conducted Argus model audits and maintenance and waterfall model updates and prepared acquisition/debt origination memos, lease review and abstraction, submarket analysis, and internal valuations

• Designated as Market Knowledge Lead for Denver; compiled sales and lease comparables, benchmarked market fundamentals against Altus and NCREIF data, analyzed trends within multifamily, retail, office and industrial sectors and presented findings to Altus executives and clients

• Assisted on Full and Restricted Appraisals for Altus’ various ODCE fund clients, across all asset types

• Directed proof of concept testing for company-wide technology initiatives, relaying results directly to US Head of Advisory Education & Professional Development

University of Wisconsin, School of Business Madison, WI Majors: Finance and Real Estate – December 2016

• Relevant Coursework: Real Estate Finance, Real Estate Development, Valuation of Real Estate, Urban & Regional Economics, Real Estate Law, Investment Banking & Capital Markets, Corporate Finance, Accounting (Financial and Managerial), Investment Theory

Associations, Accreditations & Certifications

CFA Institute (CFA Level I) • Wisconsin Real Estate Alumni Association • NAIOP • Appraisal Institute (Licensed Appraiser Trainee) Skills

ARGUS (Expert) • Excel (Advanced) • PowerPoint • Costar • Real Capital Analytics • REIS • Bloomberg Interests

Skiing • Golfing • Hiking • Fly Fishing • Biking • Traveling • Intramural Sports • Current Events • Stock & Option Trading



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