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Director of Asset Management - Multifamily

Director of Asset Management - Multifamily

University PartnersDallas, TX, US
30+ days ago
Job type
  • Full-time
  • Quick Apply
Job description

Director of Asset Management Report to :

  • VP of Asset Management, Elevate Property Partners  Location : Downtown Dallas, TX | Travel : 20–25% About Elevate Property Partners Elevate Property Partners is a nationally recognized real estate investment and management firm focused on delivering value across multifamily communities.
  • We are committed to innovation, operational excellence, and creating long-term growth for our residents, partners, and team members.
  • We are seeking an experienced and strategic Director of Asset management to join our high-performing team.
  • This role will support the VP of Asset Management and play a key part in driving the performance of a15,000-unit national multifamily portfolio, with direct influence on value creation, operations, and investment strategy.
  • This is a unique and high-visibility role in a competitive industry, offering the opportunity to make an outsized impact while working alongside top leaders in the field.  Responsibilities Serve as a key member of the asset management team with direct impact on portfolio performance.
  • Analyze market performance and multifamily operations to identify opportunities and underperformance.
  • Partner with marketing, revenue management, accounting, capital, and operations to formulate and execute strategies that maximize portfolio value.
  • Review weekly / monthly reporting and analytical tools to identify trends, benchmark performance, and recommend solutions.

Apply a value-oriented approach to each asset, including revenue generation strategies, capital allocation, and operational efficiencies.

  • Build and maintain strong relationships with operating partners; resolve issues and conflicts internally and externally.
  • Conduct property site visits to assess physical condition, diagnose performance challenges, and recommend improvements.
  • Collaborate with the Capital Expenditures team to assess property-level needs and develop both short- and long-term capital plans.
  • Monitor market trends for opportunities such as renovations, expansions, or repositioning projects.
  • Play an active role in developing annual operating and capital budgets, as well as reforecasting as needed.
  • Support acquisition underwriting and due diligence by providing leasing assumptions and market intelligence.
  • Evaluate and implement new products and services aimed at driving revenue, reducing costs, or improving efficiency.
  • Mentor and develop junior analysts on the team.
  • Additional Transition Responsibilities :

  • Oversee monthly and annual cashflow projections between Operations and Accounting.
  • Develop annual capital plans, monitor progress, and ensure execution by operators.
  • Track litigation and risk issues for each asset, ensuring timely resolution.
  • Maintain updated market analyses in collaboration with operations and revenue management to achieve occupancy and revenue goals.
  • Coordinate stakeholders during new acquisition transitions.
  • Lead rollout of revenue-generating initiatives, monitor results, and report on performance.
  • Qualifications Bachelor’s degree in Business, Finance, Real Estate, or related field. 7+ years of experience in acquisition or asset management for large-scale portfolios (5,000–7,000+ units) with mixed-use retail across major MSAs.Minimum 4 years in multifamnily asset management.  Strong working knowledge of real estate principles, including operations, financial analysis, budgeting, reporting, ROI analysis, cash management, and accounting.
  • Ability to interpret market trends, competitive surveys, and third-party reports.
  • Familiarity with investment due diligence and providing market-based leasing assumptions.
  • Excellent interpersonal and communication skills, with the ability to explain complex issues clearly.
  • Demonstrated leadership ability, with experience mentoring and developing team members.
  • Proven ability to thrive in a fast-paced, dynamic environment with evolving priorities.
  • Based in Dallas, with ability to travel 20–25%.
  • Ideal candidate brings a balanced background in both finance and operations (approximately 75% finance / 25% operations or 50 / 50) Powered by JazzHR
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    Director Of Asset Management • Dallas, TX, US

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