Director of Asset Management

Director of Asset Management — Value-Add Multifamily Denver, CO Bullpen is partnering with a private real estate investment firm to hire a Director of Asset Management with direct experience managing value-add multifamily investments on behalf of an owner or investment sponsor. This role combines investment analysis with hands-on execution at the property level. You will own asset business plans, oversee financial performance, direct property management partners, and drive renovation and operational initiatives that improve net operating income and investment returns. We are particularly interested in candidates who began in multifamily acquisitions, underwriting, or real estate finance and have since taken direct responsibility for asset performance and business plan execution. What You’ll Do Own multifamily asset business plans: Establish priorities, track results against underwriting, and adjust strategies to improve cash flow and investment performance.Drive property-level operating results: Analyze occupancy, leasing velocity, rents, concessions, collections, bad debt, renewals, and operating expenses to identify specific actions that grow NOI.Hold property management teams accountable: Work directly with regional and onsite leadership to resolve performance issues and ensure operating plans translate into measurable results.Lead value-add execution: Oversee unit renovations and capital improvements, including budgets, schedules, renovation premiums, and returns on invested capital.Lead financial oversight: Review monthly financial statements, variance reports, annual budgets, forecasts, and property cash flow.Partner with acquisitions: Review underwriting, challenge operating and renovation assumptions, support due diligence, and transition new investments into actionable asset management plans.Maintain a presence at the properties: Conduct site visits to assess operations, inspect renovation progress, and address execution challenges.Develop the team: Mentor existing staff and improve asset management reporting, processes, and accountability.Advise senior leadership: Present asset performance, risks, and clear recommendations for corrective action. What We’re Looking For Approximately 7–10 years of relevant real estate investment experience, including direct responsibility for owner-side multifamily asset management.A demonstrated track record executing value-add multifamily business plans, including unit renovations, operational improvements, and underperforming asset turnarounds.Strong financial modeling and underwriting skills, with the ability to evaluate cash flow, capital requirements, and investment returns.Experience owning property budgets, forecasts, variance analysis, and performance against acquisition underwriting.Experience directing property management partners and overseeing renovation or capital improvement execution.The ability to explain what you changed at an asset, how you executed it, and the resulting impact on NOI or investment performance.A hands-on leadership style and comfort taking ownership within an entrepreneurial investment firm.An acquisitions, underwriting, or real estate finance background followed by meaningful asset management responsibility is strongly preferred.