Asset Manager

Kairos Investment Management Company is a minority-owned real estate private equity firm founded in 2005 to focus on value-based real estate investments in the lower middle market, often with a long-term investment horizon and contrarian approach. As of March 31, 2025, the Kairos team has transacted on $4.5 billion of real estate, including over 26,000 multifamily units and 25 million square feet of commercial property nationwide, and has $2.4 billion of gross assets. Kairos is headquartered in Irvine, California. Position Summary The Asset Manager will be responsible for the strategic and financial performance of a portfolio of both affordable and market rate multifamily investments across the United States. The role will focus on maximizing value through proactive oversight of property operations, capital improvements, and market positioning, with special attention to the complexities of affordable housing and LIHTC compliance. Job Responsibilities Develop and execute business plans for each asset, ensuring alignment with investment objectives. Monitor performance of assigned multifamily assets including property-level KPIs, financials, occupancy, rent growth, and expense management. Identify and implement operational improvements to enhance NOI and asset value. Conduct regular site visits to monitor operations, resident satisfaction, and physical condition. Review and approve annual operating budgets prepared by third-party property management. Conduct monthly financial review and auditing of property management-prepared statements, including variance analysis. Report key findings and trends to senior leadership. Lead quarterly reforecasts and distribution analyses to ensure accurate fund-level reporting. Oversee capital expenditure planning and execution, ensuring on-time, on-budget delivery. Manage quarterly and annual valuation processes in collaboration with third-party valuation firms for ASC 820 compliance. Affordable Housing & Compliance Ensure property management teams are maintaining LIHTC and other affordable housing compliance, including tenant income certifications, rent restrictions, and regulatory reporting. Monitor compliance performance through periodic reviews, reporting dashboards, and audits. Financing, Lender Reporting & Capital Activity Participate in refinancing processes, including reviewing underwriting, coordinating due diligence, and working with internal and external stakeholders. Oversee lender reporting requirements, including reviewing and approving draw packages and submitting documentation as needed. Maintain strong relationships with lenders, investors, and regulatory agencies. Collaborate with acquisitions/dispositions teams on underwriting, due diligence, and exit strategies. Qualifications & Competencies Bachelors degree in Real Estate, Finance, Business, or related field. MBA or advanced real estate certification (CCIM, CPM, etc.) a plus. 5+ years of experience in real estate asset management, with at least 2 years in multifamily. Preferred direct experience with affordable housing and LIHTC oversight, managing assets in secondary and tertiary markets, and familiarity with HUD, Section 8, and other housing programs. Strong financial modeling skills with the ability to interpret complex financial and operational data. Excellent communication and negotiation skills, complemented by strong interpersonal skills with property managers, partners, and stakeholders. Demonstrated strong detail-oriented skills, especially in in compliance and reporting contexts. Ability to travel nationally as required. Ability to work in the Irvine, CA office 5 days a week. Comprehensive health benefits including medical, dental, vision, life and disability coverage. Access to Flexible Savings Account and Health Savings Account. Generous paid time off programs including paid holidays, vacation, floating holidays and sick time. Retirement savings plan with 100% vesting on company match. Compensation: The annual U.S. based wage range for this full-time position is $115,000 $140,000. The base pay actually offered will vary depending on job-related knowledge, skills, location and experience and will take into account internal equity. Other forms of pay may be provided as part of the compensation package, in addition to a full range of health & wellness benefits. For more information regarding Kairos Investment Management Company benefits, please visit https://kimc.com/careers/ 18101 Von Karman, Suite 1100 Irvine, CA 92612 (949) 709-8888 #J-18808-Ljbffr