Director, Asset Management Full Time

As the Director of Asset Management, you will support regional Asset Management leadership in preparing long-term investment plans, managing financial modeling, mitigating risk, and executing asset-specific strategies. You will collaborate with internal teams—including Property Operations, Construction, Investments, Market Research, and Corporate Finance—to identify and implement innovative ways to maximize asset value and performance.

Key Responsibilities:

Asset Management & Value Creation:

• Oversee asset management activities for a portfolio of multifamily communities owned by AvalonBay and joint venture investors.
• Identify NOI-enhancing opportunities such as amenity monetization, revenue generation, and parking asset optimization.
• Analyze market data and asset performance to develop strategic value-add initiatives.
• Oversee capital investment programs, including feasibility analysis and execution.
• Collaborate cross-functionally to define key performance indicators (KPIs) and track portfolio performance against competitors and market trends.
• Manage assets with complex ownership structures, including HOA-related matters.

Asset Investment & Long-Term Planning:

• Develop and maintain 10-year cash flow projections for strategic asset planning.
• Coordinate CapEx planning with Operations, Engineering, and Construction teams.
• Present business plans and financial models to leadership for decision-making.
• Work with Investment and Operations teams to identify disposition candidates and hold strategies.

Education & Experience:

• Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred.
• 7+ years of experience in asset management, acquisition underwriting, or property management, preferably in multifamily real estate.

Technical & Analytical Skills:

• Strong financial acumen with expertise in valuation, financial modeling, and real estate investment analysis.
• Proficiency in Excel and financial modeling software.
• Understanding of property operations, capital planning, and real estate market dynamics.

Soft Skills & Leadership:

• Strategic thinker with a hands-on approach to asset management.
• Strong communication and presentation skills, with the ability to engage internal and external stakeholders.
• Ability to manage projects, prioritize tasks, and drive results in a fast-paced environment.
• Experience managing external consultants and vendors.

Source: Avalon Bay Career Page

Tagged as: REIT