What are the responsibilities and job description for the Vice President of Asset Management position at Bullpen?
Vice President of Asset Management
Location : Nashville, TN (In-Office)
Industry : Private Equity | Affordable & Workforce Housing
About Our Client
Our client is a fast-growing, mission-driven private equity firm specializing in affordable housing. Since entering the LIHTC space in 2020, they have rapidly expanded their portfolio to 6,000 units across seven states and have a robust 10-year plan. They are seeking a Vice President of Asset Management to take ownership of portfolio performance, enhance operational efficiencies, and build a best-in-class asset management platform.
The Opportunity
The VP of Asset Management will be responsible for overseeing and optimizing a diverse multifamily portfolio, with a primary focus on LIHTC and workforce housing assets. This role will require a balance of strategic leadership and hands-on execution working across finance, operations, and third-party management to improve portfolio performance.
This is a high-impact role for a commercial real estate professional with deep experience in multifamily asset management, value creation strategies, team leadership, and portfolio oversight. The ideal candidate will be data-driven, process-oriented, and proactive in driving both top-down and bottom-up improvements across the platform.
Key Responsibilities
- Lead the asset management team (3 direct reports) to drive operational efficiency and ensure the portfolio meets financial and social impact objectives.
- Establish Standard Operating Procedures (SOPs), KPIs, and reporting cadences to create a structured, data-driven asset management function.
- Serve as the key liaison between lenders, limited partners (LPs), third-party property managers, and internal leadership to ensure alignment and performance accountability.
- Monitor and mitigate regulatory risks, loan covenant compliance, and financial underwriting assumptions.
- Work closely with regional property management firms to ensure execution of business plans and property-level improvements.
- Mentor and scale the asset management team, fostering a high-performance culture focused on execution, accountability, and continuous improvement.
Ideal Candidate Profile
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