Asset Management Associate

Thompson Thrift; Denver (CO); On-site; USD 110,000 - 120,000; Full time

Job summary

Thompson Thrift is seeking an Associate Real Estate Asset Manager to help oversee the financial and operational performance of assigned multifamily assets across lease-up and stabilized properties. You’ll evaluate results against budgets, forecasts, pro formas, and market benchmarks.

You’ll partner with onsite teams and cross-functional groups to translate property and market data into actionable strategies on leasing, rents, concessions, renewals, expenses, and capital needs, while supporting

Qualifications

• 2+ years of professional experience in multifamily real estate asset management.
• Experience with both stabilized and lease-up multifamily properties and operating-plan execution.
• Experience in property management, leasing, operations, finance, accounting, or investment analysis preferred.

Responsibilities

• Monitor multifamily assets against budgets, forecasts, pro formas, business plans, and market benchmarks.
• Track operating metrics including occupancy, leasing velocity, rent growth, concessions, renewals, expenses and NOI.
• Prepare monthly, quarterly, and annual forecasts, budgets, and asset-level reporting.
• Develop variance analyses, financial models, and value-impact analyses for asset strategies.

Skills

Excel

Financial analysis

Communication skills

Time management

Travel readiness

Education

Bachelor’s degree in Real Estate, Finance, Accounting, Economics, or related field

Tools

Yardi

Business Intelligence tools

Job description

– Multifamily Real Estate

Help drive performance and long-term value across Thompson Thrift’s multifamily real estate portfolio.

– Multifamily Real Estate

Help drive performance and long-term value across Thompson Thrift’s multifamily real estate portfolio.
As an Asset Management Associate, you’ll support the execution of asset-level business plans across both lease-up and stabilized multifamily communities. This role combines financial analysis, market insights, and cross-functional collaboration to improve property performance, protect cash flow, and maximize long-term asset value.

You’ll partner with Community Management, Development, Accounting, Marketing, Investment Strategy, and other teams to turn property and market data into practical recommendations that positively impact portfolio performance.

Why Thompson Thrift?

Thompson Thrift is an integrated, full-service real estate company engaged in the development, construction, leasing, and management of high-quality multifamily communities nationwide. We’re committed to building exceptional places — and developing the people who make them possible.

At Thompson Thrift, You’ll Find

• Values-Driven Culture — Excellence, Service, and Leadership guide everything we do
• Career Growth — Training, mentorship, and long-term development opportunities
• Work-Life Support — Competitive benefits, flexibility, and wellness programs
• Real Impact — Hands-on involvement in industry-leading multifamily projects

Your Role as an Associate Real Estate Asset Manager

As an Associate Real Estate Asset Manager, you’ll help oversee the financial and operational performance of assigned multifamily assets, evaluating results against budgets, forecasts, pro formas, business plans, and market benchmarks.

You’ll analyze key property performance indicators, identify trends and variances, and collaborate with internal and onsite teams to develop actionable strategies around leasing, rents, concessions, renewals, expenses, cash flow, and capital needs. You’ll also support forecasting, budgeting, asset strategy, market research, underwriting, and other investment-related initiatives.

This role is ideal for a multifamily real estate professional who combines strong financial and analytical skills with an understanding of property operations and wants to expand their expertise in real estate asset management.

Key Responsibilities

• Monitor multifamily assets against budgets, forecasts, pro formas, business plans, and relevant market benchmarks, identifying material variances, root causes, and recommended actions
• Track key operating metrics, including occupancy, leasing velocity, exposure, rent growth, net effective rent, concessions, renewals, bad debt, revenue, controllable expenses, NOI, cash flow, and capital needs
• Partner with Community Management, Regional Managers, and onsite teams to understand operating conditions, support execution, and maintain accountability for follow-up items
• Support rent, concession, renewal, marketing, and leasing recommendations using property performance data, competitive intelligence, market conditions, and inventory exposure
• Evaluate multifamily lease-up pacing and stabilization risk, including demand, conversion, pricing, concessions, staffing, operating readiness, and transition into stabilized operations
• Prepare and review monthly, quarterly, and annual forecasts, operating budgets, cash-flow projections, and asset-level performance reporting
• Develop variance analyses, financial models, sensitivity analyses, rent and concession scenarios, expense evaluations, capital plans, and value-impact analyses
• Validate data inputs and maintain strong controls across Excel-based models, Yardi or similar property-management systems, business-intelligence tools, and source reporting
• Support annual business plans, asset strategies, market research, competitive analysis, acquisition or development underwriting, due diligence, refinancing, dispositions, and other investment-related initiatives
• Prepare executive-ready materials and recommendations and participate in cross-functional meetings and onsite asset reviews

Our Ideal Candidate for this Role

Education

Bachelor’s degree in Real Estate, Finance, Accounting, Economics, Business, or a related field.

Experience

• 2+ years of professional experience in multifamily real estate asset management
• Demonstrated experience with both stabilized and lease-up multifamily properties, including property performance monitoring and operating-plan execution
• Experience in property management, leasing, operations, finance, accounting, or investment analysis preferred

Skills & Attributes

• Strong understanding of multifamily real estate, current industry trends, and the operational differences between lease-up and stabilized communities
• Highly proficient in Excel and financial analysis, including forecasting, budgeting, financial statement analysis, variance analysis, cash-flow modeling, and scenario analysis
• Ability to conduct ad hoc analysis, organize large volumes of information, and translate data into concise, practical recommendations
• Experience with Yardi or a comparable property-management, accounting, revenue-management, or business-intelligence platform
• Strong written, verbal, presentation, and interpersonal communication skills, including the ability to communicate effectively with senior leaders and onsite teams
• Ability to manage multiple assets, deadlines, and priorities with accuracy, ownership, and follow-through
• Ability and willingness to travel to Thompson Thrift communities, including periodic onsite visits, is required.
• Experience with revenue management, rent-setting, concessions, renewal strategy, lease-up planning, market data, competitive surveys, or executive-level materials preferred

Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. * The hourly or salary range is the range Thompson Thrift in good faith believes is the range of possible compensation for this role at the time of this posting. The Company may ultimately pay more or less than the posted range. This range is only applicable for jobs to be performed in Colorado. This range may be modified in the future. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law

Colorado Pay Range: $110,000 USD - $120,000 USD

Use of AI in Hiring

Thompson Thrift uses AI-assisted tools within our applicant tracking system to support parts of the recruiting process. These tools assist recruiters but do not make hiring decisions or independently determine candidate outcomes. All hiring decisions are made by human reviewers. If you have questions about our hiring process, please contact us at [e-mail].

By submitting your application, you acknowledge this information and confirm that the information you have provided is accurate and complete to the best of your knowledge.