Director, Asset Management-Multifamily

What you’ll do

• Partner with the Vice President of Asset Management to drive operational performance and value creation across a regional portfolio of multifamily assets.
• Independently manage assigned properties, overseeing financial performance, business plan execution, lease-up strategy, and operational initiatives.
• Lead preparation and presentation of Quarterly Asset Reviews (QARs) and Annual Business Plans (ALBPs), analyzing performance relative to budget, trends, and strategic objectives.
• Analyze financial results, operating metrics, and market conditions to inform asset-level strategy.
• Review monthly reports, including financials, conversion & leads, marketing dashboards, and operating dashboards.
• Participate in bi-weekly revenue management calls, recommending pricing and revenue strategies based on occupancy trends, lease expirations, and historical pricing data.
• Serve as the primary liaison with third-party property management teams to ensure execution of business plans and operational initiatives.
• Prepare monthly cashflow projections and make distribution recommendations to VP
• Conduct monthly financial reviews with onsite teams and internal stakeholders to evaluate property performance relative to budget.
• Lead the annual budgeting process for assigned assets in partnership with property management teams, including detailed review of budgets, comparisons of historical performance, and industry benchmarks.
• Underwrite new acquisitions by evaluating the competitive set and developing a stabilized pro forma; present and defend rents and expenses to Investment Committee; participate in physical due diligence.
• Partner with property operations team and dispositions point person to ensure property strategy and operations are followed during dispositions process to maximize sales price of assets.
• Collaborate with Development, Construction, and Investments teams on new developments, renovations, and repositioning strategies.
• Perform comprehensive utilities analysis (annual cost/usage trends, opportunities for expense reduction and bill-back increases).
• Conduct market research, competitive analysis, and shop competitive property set annually to maintain current market intelligence and ensure properties are appropriately positioned in the market.
• Oversee portfolio’s marketing and review websites regularly.
• Identify opportunities to improve operational efficiency and asset performance.
• Review real estate tax assessments and discuss tax appeal strategies with portfolio manager and third-party consultants
• Contribute to Asset Management initiatives that enhance reporting, tools, and operational processes.
• Build strong relationships with internal teams and external partners to support effective execution of asset strategies.
• Conduct regular site visits for your portfolio.
• Travel periodically to other Carmel regional offices.
• Perform other duties and special projects as assigned.

Qualifications

Not specified

Benefits

Not specified

Pay

Not specified

Schedule

Not specified