What are the responsibilities and job description for the Director, Asset Management position at AvalonBay Communities, Inc.?
Director of Asset Management
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets.
We take pride in our purpose of creating a better way to live and expect you will as well.
You will support regional Asset Management leadership in preparing long-term investment plans, managing financial modeling, mitigating risk, and executing asset-specific strategies.
Key Responsibilities:
- Oversee asset management activities for a portfolio of multifamily communities owned by AvalonBay and joint venture investors.
- Identify NOI-enhancing opportunities such as amenity monetization, revenue generation, and parking asset optimization.
- Analyze market data and asset performance to develop strategic value-add initiatives.
- Oversee capital investment programs, including feasibility analysis and execution.
- Collaborate cross-functionally to define key performance indicators (KPIs) and track portfolio performance against competitors and market trends.
Education & Experience:
- Bachelor's degree required; MBA in Finance, Real Estate, or related field preferred.
- 7 years of experience in asset management, acquisition underwriting, or property management, preferably in multifamily real estate.
How AvalonBay Supports You:
- Comprehensive benefits - health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
- Growth based on achievement and promotion from within.
- Associate recognition program that celebrates associate efforts and successes.
- Culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
