Vice President Asset Management

Vice President, Asset Management
Location: Los Angeles, CA

About the Company
Our client is an Multifamily investment firm focused on attainable housing across the West Coast. Its strategy covers market-rate Multifamily, Affordable Housing, market rate to affordable conversions and workforce housing, using value-add and core-plus business plans.

The firm is led by a leadership team with backgrounds at leading REITs, global real estate investment firms and investment banks. It is backed by a vertically integrated operating platform with more than two decades of experience in Southern California. Over the past year it has completed several large acquisitions alongside top-tier institutional capital partners. It has also secured programmatic capital to support a substantial acquisition pipeline over the coming years.

The Opportunity
This is the firm’s first dedicated Asset Management hire. The Vice President will build the function from the ground up and own the performance of a growing multifamily portfolio. You’ll work directly with the Managing Partners, have real influence over strategy, and get the chance to scale the team as the platform grows.

Key Responsibilities

• Own the asset management function, including building processes, reporting standards and, over time, the team
• Drive execution of business plans across value-add, conversion and preservation investments
• Oversee third-party and affiliated property management, holding operators to budget, occupancy and NOI targets
• Manage capital improvement and renovation programs, tracking scope, budget and timelines
• Oversee affordability compliance, including regulatory agreements, income restrictions, and agency and public partner reporting
• Prepare and review annual budgets, reforecasts, hold/sell analyses and valuations
• Produce investor and lender reporting for institutional capital partners
• Support acquisitions with underwriting input, operational due diligence and post-close transitions
• Manage lender relationships and loan compliance, including agency (Fannie Mae / Freddie Mac) requirements

Qualifications

• 8+ years of multifamily real estate experience, with at least 5 years in asset management
• Experience with affordable or workforce housing strongly preferred, including familiarity with regulatory agreements, AMI restrictions and compliance reporting
• Track record of executing value-add or repositioning business plans
• Strong financial modeling skills (Excel; Argus or Yardi a plus)
• Experience reporting to institutional investors and lenders
• Entrepreneurial and hands-on, comfortable building processes in a growing firm
• Bachelor’s degree required; MBA or relevant advanced degree a plus

Why This Role

• A ground-floor leadership role building a function at a well-capitalized, growing platform
• Direct exposure to and partnership with firm leadership
• A mission-driven strategy that combines strong returns with long-term housing affordability
• Clear runway to grow the team and your scope as the portfolio scales

Compensation: $150,000-200,000 base salary + Benefits