Director, Asset Management

Overview

Analyze and optimize multifamily asset performance, drive value creation and risk mitigation.

Key Responsibilities

• performance analysis
• cash flow
• capital planning
• kpi monitoring
• portfolio optimization
• asset management

Tasks

-Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies -Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses -Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value -Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases) -Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance -Support hold/sell decision-making and portfolio optimization strategies -Lead approval and execution of capital investment programs -Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks -Collaborate across functions—including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility—to identify value-creation opportunities -Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners -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

Requirements

• 7+ years
• asset management
• financial modeling
• excel
• mba
• real estate

What You Bring

-7+ years of experience in asset management, acquisitions, or property management—preferably within the multifamily sector -Strategic thinker with hands-on execution capability; able to drive outcomes through influence and collaboration -Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred -Maintain proficiency in financial modeling and valuation techniques -Proficiency in Microsoft Excel, Word, and PowerPoint -Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics -Exceptional communication, presentation, and organizational skills. -Demonstrated ability to navigate complex ownership structures and joint venture partnerships

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About Avalonbay Communities

-Focused on creating high-quality apartments that blend functionality, style, and sustainability. -The company owns and operates a vast portfolio of properties across the U.S., with a strong presence in urban and suburban markets. -Specializes in both development and redevelopment, ensuring properties remain relevant in a dynamic real estate landscape. -Projects range from ground-up construction of new communities to the revitalization of existing buildings. -The company is a pioneer in designing communities that cater to modern living, often featuring amenities like fitness centers, communal spaces, and eco-friendly designs. -Known for strong financial performance, AvalonBay is consistently recognized as a leader in the real estate sector. -They actively invest in enhancing residents' quality of life while maximizing operational efficiencies through technology. -The company’s distinctive approach to apartment living and property management has earned it numerous industry accolades.

Sector Specialisms