What are the responsibilities and job description for the Multifamily Asset Management Leader position at AvalonBay Communities, Inc.?
Company Overview:
AvalonBay Communities, Inc. is a leading real estate investment trust (REIT) that develops, redevelops, acquires, and manages distinctive apartment homes in top U.S. markets. Our commitment to creating value for customers, investors, and associates drives our long-term success.
The Role:
We are seeking a skilled Director of Asset Management to join our team. As a key member of our asset management leadership, you will play a critical role in preparing long-term investment plans, managing financial modeling, mitigating risk, and executing asset-specific strategies. Your expertise will help us maximize asset value and performance across our portfolio of multifamily communities owned by AvalonBay and joint venture investors.
Key Responsibilities:
Requirements:
Desirable Skills:
Award-Winning Employer:
AvalonBay is proud to be an equal opportunity employer and committed to creating a diverse and inclusive work environment. We believe that our teams' diverse backgrounds, experiences, and perspectives drive innovation and excellence in everything we do.
AvalonBay Communities, Inc. is a leading real estate investment trust (REIT) that develops, redevelops, acquires, and manages distinctive apartment homes in top U.S. markets. Our commitment to creating value for customers, investors, and associates drives our long-term success.
The Role:
We are seeking a skilled Director of Asset Management to join our team. As a key member of our asset management leadership, you will play a critical role in preparing long-term investment plans, managing financial modeling, mitigating risk, and executing asset-specific strategies. Your expertise will help us maximize asset value and performance across our portfolio of multifamily communities owned by AvalonBay and joint venture investors.
Key Responsibilities:
- Oversight of asset management activities to ensure optimal performance and value creation.
- Identification and implementation of NOI-enhancing opportunities such as amenity monetization, revenue generation, and parking asset optimization.
- Analysis of market data and asset performance to develop strategic value-add initiatives.
- Overseeing capital investment programs, including feasibility analysis and execution.
- Cross-functional collaboration to define key performance indicators (KPIs) and track portfolio performance against competitors and market trends.
- Management of assets with complex ownership structures, including HOA-related matters.
Requirements:
- 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.
Desirable Skills:
- Strong financial acumen with expertise in valuation, financial modeling, and real estate investment analysis.
- Proficiency in Excel and financial modeling software.
- Understanding of property operations, capital planning, and real estate market dynamics.
Award-Winning Employer:
AvalonBay is proud to be an equal opportunity employer and committed to creating a diverse and inclusive work environment. We believe that our teams' diverse backgrounds, experiences, and perspectives drive innovation and excellence in everything we do.
