Asset Manager (Multifamily)

The Asset Manager is responsible for maximizing the financial performance and value of a portfolio of multifamily properties across FL. This role focuses on executing business plans, overseeing property management, analyzing financial performance, and driving strategic decisions to optimize returns.

Key Responsibilities:

Asset Performance & Strategy

• Develop and execute business plans for each multifamily asset
• Monitor property-level performance against budget and underwriting
• Identify opportunities to increase NOI (rent growth, expense control, ancillary income)
• Lead hold/sell/refinance analyses and recommendations

Financial Analysis & Reporting

• Review monthly financial statements, variance reports, and KPIs
• Maintain and update cash flow models and valuations
• Oversee annual budgeting and reforecasting processes
• Track capital expenditures and ROI on renovations

Property Management Oversight

• Serve as primary liaison with third-party property management companies
• Monitor leasing activity, occupancy trends, and marketing effectiveness
• Conduct regular asset reviews and site visits
• Ensure alignment with business plan and ownership goals

Capital Projects & Value-Add Execution

• Oversee renovation and repositioning projects (unit upgrades, amenities)
• Manage timelines, budgets, and contractor performance
• Evaluate return on capital improvements

Investor & Stakeholder Communication

• Prepare investor reports and performance updates
• Support capital calls, distributions, and investor inquiries
• Collaborate with acquisitions, development, and finance teams

Market & Portfolio Analysis

• Analyze market trends, comps, and competitive positioning
• Conduct sensitivity and scenario analysis
• Recommend pricing and leasing strategies

Education

• Bachelor’s degree in Finance, Real Estate, Business, or related field
• MBA or relevant advanced degree preferred

Experience

• 5-10+ years of experience in real estate asset management, acquisitions, or related field
• Direct experience with multifamily properties required
• Experience with value-add or institutional portfolios is a plus

Skills & Competencies

• Strong financial modeling and analytical skills
• Proficiency in Excel (ARGUS is a plus)
• Deep understanding of multifamily operations and KPIs (occupancy, rent growth, NOI, IRR)
• Excellent communication and stakeholder management skills
• Ability to manage multiple assets and priorities