Director of Asset Management

Job Description Firm Overview: Our client has been dedicated to market-rate rental housing since 2002 and has pursued various acquisition strategies over multiple cycles. They specialize in originating and executing value and opportunity-driven private equity investments throughout the U.S. utilizing discretionary multi-investor fund vehicles, separate accounts and strategic joint ventures on behalf of domestic and global investors, including pensions, foundations, endowments, and family offices. Position Overview: Our client is seeking an experienced and proactive Asset Manager to oversee the performance of their multifamily portfolio. The ideal candidate will play a critical role in shaping and executing asset-level strategies that enhance value, drive operational performance, and support broader investment objectives. This position requires strong collaboration with internal teams and third-party operators, along with keen financial acumen and a strategic mindset. Key Responsibilities • Develop and implement strategic business plans tailored to each multifamily asset, focused on maximizing NOI and long-term asset value. • Regularly monitor property performance metrics including occupancy, leasing velocity, renewal rates, and satisfaction. • Partner closely with third-party property management teams to ensure operational excellence, including budget adherence, service quality, and effective vendor management. • Analyze market trends and comparable properties to optimize pricing strategies, marketing efforts, and lease-up execution. • Oversee capital improvement plans and renovation projects, ensuring timely delivery and alignment with underwriting. • Conduct monthly and quarterly financial reviews, identifying variances and recommending course corrections where necessary. • Maintain and enhance asset-level financial models, including forecasting, sensitivity analysis, and hold/sell scenarios. • Prepare investor reports and presentations, providing detailed insights into asset performance, business plan progress, and market positioning. • Support acquisition and disposition efforts by contributing to due diligence, underwriting, and transition planning. • Ensure compliance with lender covenants, Fund agreements, and applicable municipal requirements. Qualifications: • Bachelor’s degree in finance, Real Estate, Economics, or a related field; MBA or master’s in real estate . • 5+ years of asset management experience, with a strong track record in the multifamily sector. • Proficiency in financial modeling, budgeting, and performance analytics (Excel expertise required; experience with tools like Yardi a plus). • Experience managing third-party property managers and working cross-functionally with internal departments. • Strong interpersonal skills and executive presence, with the ability to present complex information clearly to stakeholders and investors. • Highly organized self-starter with a bias toward action and an ownership mindset. • Willingness to travel to assets as needed for site visits and property reviews.

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