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The Director of Asset Management is responsible for analyzing asset performance, identifying and executing value-creation and risk-mitigation opportunities, and driving initiatives that enhance community value and financial performance. This role partners closely with leaders across Operations, Construction, Investments, Development, and other corporate teams to optimize asset outcomes and ensure alignment with AvalonBay’s long-term investment strategy.
Key Responsibilities
Asset Management:
- Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners
- Collaborate across functions—including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility—to identify value-creation opportunities
- Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies
- Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value
- Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses
- Lead approval and execution of capital investment programs
- Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases)
- Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks
Asset Investment Planning:
- Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance
- Coordinate immediate and long-term CapEx planning and ensure alignment with overall asset strategy
- Present business plans and performance projections to regional and corporate leadership
- Support hold/sell decision-making and portfolio optimization strategies
- Maintain proficiency in financial modeling and valuation techniques
Qualifications
- Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred
- 7+ years of experience in asset management, acquisitions, or property management—preferably within the multifamily sector
- Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics
- Demonstrated ability to navigate complex ownership structures and joint venture partnerships
- Exceptional communication, presentation, and organizational skills.
- Strategic thinker with hands-on execution capability; able to drive outcomes through influence and collaboration
- Proficiency in Microsoft Excel, Word, and PowerPoint
Source: Avalon Bay Career Page
