Real Estate Development Associate - Multifamily Asset Management

Real Estate Development Associate - Multifamily Asset Management

KeyUrban is a mission-oriented real estate development consulting firm based in Washington, DC. KeyUrban assists its public and private sector clients with an array of real estate and project management services. Since its inception in 2004, we have helped clients and owners conceptualize, manage, develop, and orient their resources toward affordable housing and community serving facilities. Our focus includes market research, financial modeling, deal structuring, acquisitions, public and private funding applications (including LIHTC, HPTF, tax-exempt bonds, and other federal / state / local programs), due diligence, project management, construction management, tenant relations, and asset management. We are passionate about creating and preserving sustainable, equitable communities and are seeking a talented and motivated individual to join our team.

Position Summary Highly motivated and detail-oriented Asset Management Associate to oversee the operation and management of a portfolio of 5-10 multifamily affordable housing properties in Washington, DC. This position is responsible for ensuring the long-term financial health, physical condition, and regulatory compliance of these assets. The ideal candidate will possess a strong understanding of affordable housing compliance (LIHTC, HPTF, etc.) , property operations, and real estate finance. This role involves regular visits to properties ; building strong relationships with residents, tenant associations, property management staff, and vendors ; and supervising / overseeing third-party property management . The Associate will report directly to the company principal . Work will range from detailed compliance and financial analysis to supporting the empowerment of residents in the communities KeyUrban serves. The work environment is casual and entrepreneurial, with hybrid work locations between home, project sites, and our Dupont Circle office.

Key Responsibilities

• Supervise and oversee third-party property management staff to ensure properties are well-managed, financially sound, and meet all compliance requirements.
• Conduct regular site visits to assess physical condition, operational performance, resident satisfaction, and staff performance.
• Build and maintain positive relationships with residents, tenant associations, property staff, vendors, and community stakeholders.
• Prepare and submit regular reports on property performance (financial, operational, compliance) to clients, lenders, and agency partners.
• Manage and promptly respond to all lender and agency requests for documentation, compliance assurances, and data.
• Review, understand, and act upon vendor proposals, property audits and financial statements, tax returns, compliance documentation, legal documents, operating agreements, Insurance policies and certificates, and third-party reports.
• Analyze monthly property financial statements, audits, and budgets; identify trends, report on variances, and recommend corrective actions.
• Manage discreet capital improvement projects or other special projects on behalf of property-owning clients.
• Support internal acquisitions and development teams on financing, due diligence, preconstruction, and construction of new portfolio projects as necessary.
• Engage with community residents and local officials at project sites with a professional and supportive demeanor.
• Maintain organized asset files and databases.
• Communicate with internal team members about goals and tasks.
• Collaborate with principals and consultants on day-to-day portfolio needs.
• Represent KeyUrban at events related to real estate, economic development, community development, and policy.
• Develop and sustain KeyUrban marketing and business growth strategies, including social media efforts.

Values, Education, Experience, and Qualifications This is an excellent opportunity for someone interested in real estate asset management and affordable housing. Individuals with backgrounds in business; finance; real estate; property management; housing, community, or economic development; or urban planning would be good fits.

Required Values :

Required Education and Qualifications :

Preferred Education, Experience, and Qualifications :

Work Hours This is a full-time position, with occasional meetings outside business hours. There will be some flexibility in hours and location.

What We Offer

Compensation The Asset Management Associate will be a full-time W-2 employee. Salary Range : $57,000 – $79,000, commensurate with experience

Benefits :

To Apply Interested candidates should submit a résumé and cover letter to job@keyurban.com . In your cover letter, please highlight your relevant experience, your interest in affordable housing, and how your skills align with the responsibilities of this role.

We are unable to respond to inquiries outside of the email channel listed above. Applicants who circumvent this email will not be considered. No recruiters, agencies or brokers, please.

Application Deadline : November 10, 2025, 9 : 30am

Expected Start Date : November 24 - December 1, 2025

KeyUrban is an Equal Opportunity Employer and values diversity at all levels of its organization. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, or any other protected class.