29th Street Capital
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Asset Manager
role at
29th Street Capital This range is provided by 29th Street Capital. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$155,000.00/yr - $175,000.00/yr About the Role
29th Street Capital is seeking an experienced Asset Manager to play a key leadership role within our Asset Management platform. We are looking for someone who combines strategic thinking with the instincts of an operator, and who brings deep multifamily expertise to the challenge of elevating performance across a diverse portfolio. Operations Oversight
Oversee leasing strategy and manage both third‑party and in‑house property management teams, ensuring execution that meets institutional standards while leaving room for thoughtful experimentation and improvement. Partner with 29SC’s Revenue Management team to apply AI‑enabled pricing tools and develop multi‑layered revenue strategies that support long‑term occupancy and rent growth across diverse market conditions. Use data analytics to uncover trends, diagnose operational challenges, and drive strategic adjustments, and lead portfolio‑wide initiatives that elevate budgeting, capital planning, renovations, and special projects. Conduct frequent property inspections to understand operational realities firsthand and identify opportunities where smart, targeted interventions can materially improve performance. Build deep local market knowledge through site visits, research, competitive tracking, and industry engagement, and translate these insights into asset‑level strategies grounded in both entrepreneurial curiosity and institutional discipline. Partner with Capital Projects and Facilities Management to implement multi‑year maintenance and preservation programs that protect asset integrity and set the stage for long‑term value creation. Maintain a dynamic competitive intelligence system that tracks pricing shifts, new supply, absorption trends, and demand changes across submarkets. Reporting
Performance Monitoring and Financial Planning
Lead the annual budgeting and business planning process with property management partners, ensuring revenue, expense, marketing, and capital plans are both operationally grounded and strategically ambitious. Evaluate monthly and quarterly results against budgets, pro formas, business plans, and market benchmarks, and recalibrate strategies to support NOI growth and long‑term asset value. Conduct the analytical and quantitative modeling needed to support decisions related to operations, capital programming, refinancing, and repositioning. Maintain long‑term forecasting models, including scenario and sensitivity analyses, and use these tools to guide buy, sell, hold, finance, and recapitalization decisions. Coordinate third‑party appraisals and broker opinions of value with Acquisitions and Capital Markets to support valuation work, NAV reporting, and liquidity planning. Monitor compliance with lender covenants and proactively manage risks. Oversee monthly cash management workflows, including working capital reconciliation and distribution processing. Lead quarterly performance reviews and internal meetings, including creation and delivery of materials for Investment Committee review. Manage the debt book for assigned assets, including monitoring loan and hedge maturities, exercising extension options, and ensuring compliance with major loan covenants and addenda. Manage debt‑related special situations, including work‑outs, insurance and weather events, hedging derivative purchases, and negotiations on strategic loan modifications. Support the Capital Markets team in preparing return analyses and investor‑facing memoranda for activities such as capital calls, preferred equity issuances, and major return‑of‑capital events. Capital Projects Management
Lead value‑add and capital improvement programs, including scope development, budgeting, scheduling, ROI tracking, and execution oversight to ensure results that are both creative and accretive. Coordinate lender draw packages and manage lender communication throughout the project cycle. Work closely with Capital Projects and Cost Accounting teams to maintain capital expenditure budgets and return‑on‑cost tracking. Transaction Support
Partner with Acquisitions by providing benchmarking analysis, market intelligence, leasing assumptions, and due diligence support that reflects real operational insight. Co‑lead acquisition onboarding, including pro‑forma refinement, systems implementation, and development of initial business plans that support a seamless transition from closing to full operation. Co‑lead sales readiness and disposition activities, including broker coordination, pricing strategy, marketing oversight, due diligence, and closing management. Support financing and refinancing efforts in collaboration with Capital Markets, Legal, and Finance teams. Prepare forecasting and final investment distribution waterfalls in partnership with Finance, Legal, and Acquisitions teams. Stakeholder Relations
Produce recurring reporting packages, including monthly variance analyses, property updates, executive summaries, and quarterly investor reporting. Lead preparation and delivery of financial and operational reporting for lenders, joint‑venture partners, and capital providers, ensuring accuracy, clarity, and institutional‑quality presentation. Serve as the primary relationship manager for joint‑venture partners, maintaining strong communication, clear reporting, and aligned decision‑making. Respond to ad hoc requests and informational RFIs from LPs within 29SC’s subscription capital network. Additional Responsibilities
Manage one or more support analysts and actively mentor junior team members, fostering a culture that blends entrepreneurial curiosity with institutional precision. Participate in hiring processes, candidate evaluations, and review panels. Contribute to the continuous improvement of 29SC’s Asset and Portfolio Management processes through fresh ideas, operational insight, and disciplined execution. Identify and evaluate new technologies and tools that streamline workflows, automate routine tasks, and strengthen team performance and transparency. Perform additional duties as assigned by the Senior Vice President of Asset Management or other corporate officers. Qualifications
Required Skills & Abilities
5-7+ years of real estate experience in asset management, property operations, portfolio strategy, or investments, with a track record of taking ownership and driving outcomes, not just reporting on them. Strong preference for candidates fluent in multifamily operations; experience in student housing or hospitality adds valuable perspective. Proven ability to build authentic relationships with investors and partners through transparent communication, thoughtful analysis, and execution that inspires confidence. Demonstrated success increasing NOI and long‑term value by combining sharp analytical insight with practical, hands‑on problem‑solving. A leadership approach rooted in accountability, collaboration, and high standards, and someone who elevates team culture by example. Experience crafting and executing asset‑level business plans, including directing third‑party management teams and collaborating closely with JV partners. Solid command of value‑add strategies, from envisioning the plan to managing budgets, schedules, and ROI, and delivering measurable, accretive results. Experience supporting or leading dispositions and financing events, working alongside capital markets, legal teams, and internal partners to keep deals moving and close cleanly. Strong instincts for interpreting market dynamics, competitive intelligence, and third‑party research, and the ability to translate those insights into strategic advantage. Deep familiarity with budgeting, financial reporting, and operational analysis, with a talent for spotting inefficiencies and transforming them into performance gains. Exceptional interpersonal skills and the ability to work fluidly across functions, stakeholders, and organizational levels. Clear and confident communication skills, with the ability to distill complexity, drive alignment, and present data‑backed recommendations. Working knowledge of construction, redevelopment, and capital project terminology, and the ability to connect technical details to business outcomes. Experience participating in full‑cycle investment due diligence and underwriting. Demonstrated mentorship ability and genuine interest in developing junior talent, and a commitment to building high‑performing teams. Strong grounding in valuation methodology and appraisal processes. Advanced financial modeling skills, with the ability to turn raw data into actionable insights. Familiarity with BI tools is a plus. Experience navigating key legal agreements, including joint venture documents, loan agreements, management contracts, purchase and sale agreements, and other asset‑level instruments. Curiosity for technology and a willingness to adopt tools that streamline operations or create competitive advantage. Comfortable operating in a fast‑moving and entrepreneurial environment where priorities evolve quickly and initiative is rewarded. Education & Experience
BS/BA from an accredited institution, preferably with a background in finance, mathematics, accounting, or related fields. Minimum of five years of relevant experience. Seniority level
Mid‑Senior level Employment type
Full‑time Job function
Finance and Sales
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Asset Manager
role at
29th Street Capital This range is provided by 29th Street Capital. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$155,000.00/yr - $175,000.00/yr About the Role
29th Street Capital is seeking an experienced Asset Manager to play a key leadership role within our Asset Management platform. We are looking for someone who combines strategic thinking with the instincts of an operator, and who brings deep multifamily expertise to the challenge of elevating performance across a diverse portfolio. Operations Oversight
Oversee leasing strategy and manage both third‑party and in‑house property management teams, ensuring execution that meets institutional standards while leaving room for thoughtful experimentation and improvement. Partner with 29SC’s Revenue Management team to apply AI‑enabled pricing tools and develop multi‑layered revenue strategies that support long‑term occupancy and rent growth across diverse market conditions. Use data analytics to uncover trends, diagnose operational challenges, and drive strategic adjustments, and lead portfolio‑wide initiatives that elevate budgeting, capital planning, renovations, and special projects. Conduct frequent property inspections to understand operational realities firsthand and identify opportunities where smart, targeted interventions can materially improve performance. Build deep local market knowledge through site visits, research, competitive tracking, and industry engagement, and translate these insights into asset‑level strategies grounded in both entrepreneurial curiosity and institutional discipline. Partner with Capital Projects and Facilities Management to implement multi‑year maintenance and preservation programs that protect asset integrity and set the stage for long‑term value creation. Maintain a dynamic competitive intelligence system that tracks pricing shifts, new supply, absorption trends, and demand changes across submarkets. Reporting
Performance Monitoring and Financial Planning
Lead the annual budgeting and business planning process with property management partners, ensuring revenue, expense, marketing, and capital plans are both operationally grounded and strategically ambitious. Evaluate monthly and quarterly results against budgets, pro formas, business plans, and market benchmarks, and recalibrate strategies to support NOI growth and long‑term asset value. Conduct the analytical and quantitative modeling needed to support decisions related to operations, capital programming, refinancing, and repositioning. Maintain long‑term forecasting models, including scenario and sensitivity analyses, and use these tools to guide buy, sell, hold, finance, and recapitalization decisions. Coordinate third‑party appraisals and broker opinions of value with Acquisitions and Capital Markets to support valuation work, NAV reporting, and liquidity planning. Monitor compliance with lender covenants and proactively manage risks. Oversee monthly cash management workflows, including working capital reconciliation and distribution processing. Lead quarterly performance reviews and internal meetings, including creation and delivery of materials for Investment Committee review. Manage the debt book for assigned assets, including monitoring loan and hedge maturities, exercising extension options, and ensuring compliance with major loan covenants and addenda. Manage debt‑related special situations, including work‑outs, insurance and weather events, hedging derivative purchases, and negotiations on strategic loan modifications. Support the Capital Markets team in preparing return analyses and investor‑facing memoranda for activities such as capital calls, preferred equity issuances, and major return‑of‑capital events. Capital Projects Management
Lead value‑add and capital improvement programs, including scope development, budgeting, scheduling, ROI tracking, and execution oversight to ensure results that are both creative and accretive. Coordinate lender draw packages and manage lender communication throughout the project cycle. Work closely with Capital Projects and Cost Accounting teams to maintain capital expenditure budgets and return‑on‑cost tracking. Transaction Support
Partner with Acquisitions by providing benchmarking analysis, market intelligence, leasing assumptions, and due diligence support that reflects real operational insight. Co‑lead acquisition onboarding, including pro‑forma refinement, systems implementation, and development of initial business plans that support a seamless transition from closing to full operation. Co‑lead sales readiness and disposition activities, including broker coordination, pricing strategy, marketing oversight, due diligence, and closing management. Support financing and refinancing efforts in collaboration with Capital Markets, Legal, and Finance teams. Prepare forecasting and final investment distribution waterfalls in partnership with Finance, Legal, and Acquisitions teams. Stakeholder Relations
Produce recurring reporting packages, including monthly variance analyses, property updates, executive summaries, and quarterly investor reporting. Lead preparation and delivery of financial and operational reporting for lenders, joint‑venture partners, and capital providers, ensuring accuracy, clarity, and institutional‑quality presentation. Serve as the primary relationship manager for joint‑venture partners, maintaining strong communication, clear reporting, and aligned decision‑making. Respond to ad hoc requests and informational RFIs from LPs within 29SC’s subscription capital network. Additional Responsibilities
Manage one or more support analysts and actively mentor junior team members, fostering a culture that blends entrepreneurial curiosity with institutional precision. Participate in hiring processes, candidate evaluations, and review panels. Contribute to the continuous improvement of 29SC’s Asset and Portfolio Management processes through fresh ideas, operational insight, and disciplined execution. Identify and evaluate new technologies and tools that streamline workflows, automate routine tasks, and strengthen team performance and transparency. Perform additional duties as assigned by the Senior Vice President of Asset Management or other corporate officers. Qualifications
Required Skills & Abilities
5-7+ years of real estate experience in asset management, property operations, portfolio strategy, or investments, with a track record of taking ownership and driving outcomes, not just reporting on them. Strong preference for candidates fluent in multifamily operations; experience in student housing or hospitality adds valuable perspective. Proven ability to build authentic relationships with investors and partners through transparent communication, thoughtful analysis, and execution that inspires confidence. Demonstrated success increasing NOI and long‑term value by combining sharp analytical insight with practical, hands‑on problem‑solving. A leadership approach rooted in accountability, collaboration, and high standards, and someone who elevates team culture by example. Experience crafting and executing asset‑level business plans, including directing third‑party management teams and collaborating closely with JV partners. Solid command of value‑add strategies, from envisioning the plan to managing budgets, schedules, and ROI, and delivering measurable, accretive results. Experience supporting or leading dispositions and financing events, working alongside capital markets, legal teams, and internal partners to keep deals moving and close cleanly. Strong instincts for interpreting market dynamics, competitive intelligence, and third‑party research, and the ability to translate those insights into strategic advantage. Deep familiarity with budgeting, financial reporting, and operational analysis, with a talent for spotting inefficiencies and transforming them into performance gains. Exceptional interpersonal skills and the ability to work fluidly across functions, stakeholders, and organizational levels. Clear and confident communication skills, with the ability to distill complexity, drive alignment, and present data‑backed recommendations. Working knowledge of construction, redevelopment, and capital project terminology, and the ability to connect technical details to business outcomes. Experience participating in full‑cycle investment due diligence and underwriting. Demonstrated mentorship ability and genuine interest in developing junior talent, and a commitment to building high‑performing teams. Strong grounding in valuation methodology and appraisal processes. Advanced financial modeling skills, with the ability to turn raw data into actionable insights. Familiarity with BI tools is a plus. Experience navigating key legal agreements, including joint venture documents, loan agreements, management contracts, purchase and sale agreements, and other asset‑level instruments. Curiosity for technology and a willingness to adopt tools that streamline operations or create competitive advantage. Comfortable operating in a fast‑moving and entrepreneurial environment where priorities evolve quickly and initiative is rewarded. Education & Experience
BS/BA from an accredited institution, preferably with a background in finance, mathematics, accounting, or related fields. Minimum of five years of relevant experience. Seniority level
Mid‑Senior level Employment type
Full‑time Job function
Finance and Sales
#J-18808-Ljbffr