Asset Manager

The Legacy Company; Nashville (TN); On-site; USD 85,000 - 140,000; Full time

Job summary

The Legacy Company is seeking a Multifamily Asset Manager to maximize the financial performance and long-term value of a diversified portfolio of multifamily properties in Nashville. You will bridge operations with ownership, guide budgeting, capital planning, leasing metrics, and disposition strategy to meet investment objectives and drive returns for stakeholders.

Responsibilities include overseeing property performance reporting, asset plans, capital projects, and lender/investor relations

Qualifications

• Bachelor's degree in Real Estate, Finance, Business, or related field.
• 3+ years of multifamily asset management, property management, or real estate investment/finance.
• Strong financial modeling and analytical skills (Excel proficiency; ARGUS a plus).
• Experience with multifamily operations, leasing, and property management systems (Yardi, RealPage, Entrata).
• Excellent written and verbal communication skills, with experience presenting to ownership/investment committees.
• Ability to travel to portfolio properties as needed.

Responsibilities

• Monitor and analyze property-level financial performance against budget, prior year, and underwriting projections (NOI, occupancy, rent growth, delinquency, expense ratios).
• Prepare monthly, quarterly, and annual asset performance reports for ownership/investors.
• Lead annual budgeting process in partnership with property management teams.
• Identify variances and develop corrective action plans with property managers.
• Develop and execute business plans for each asset, aligned with investment thesis.
• Evaluate hold/sell/refinance scenarios and present recommendations to leadership.
• Conduct market and competitive analysis to inform pricing, positioning, and renovation strategy.
• Support acquisition due diligence and underwriting for new investments.
• Oversee capital improvement plans, including unit renovations, amenity upgrades, and major repairs.
• Manage capital budgets, track ROI on capital spend, and ensure projects are completed on time and on budget.
• Coordinate with construction/renovation teams and third-party contractors.
• Partner with (or oversee) third-party or in-house property management teams to ensure operational excellence.
• Review leasing performance, marketing strategy, resident retention, and revenue management practices.
• Conduct regular site visits and property inspections.
• Ensure compliance with fair housing, local, state, and federal regulations.
• Support investor reporting, capital call/distribution processes, and quarterly/annual investor updates.
• Manage relationships with lenders, including loan compliance, covenant tracking, and refinancing efforts.
• Coordinate transaction due diligence with legal, accounting, and tax teams as needed.
• Lead disposition planning and execution, including market positioning, broker selection, and sale process management.
• Coordinate transaction due diligence with legal, finance, and third-party consultants for acquisitions and dispositions.
• Partner with leadership on transaction structuring, valuation, and closing activities.

Skills

Financial analysis

Analytical skills

Communication skills

Travel readiness

Education

Bachelor's degree in Real Estate, Finance, Business, or related field

Tools

Excel

ARGUS

Yardi

RealPage

Entrata

Job description

The Multifamily Asset Manager is responsible for maximizing the financial performance and long-term value of a portfolio of multifamily properties. This role serves as the primary link between property-level operations and ownership/investment leadership, driving strategic decision-making around budgeting, capital planning, leasing performance, and disposition strategy to achieve investment objectives and maximize returns for stakeholders.

Key Responsibilities

Financial Performance & Reporting

• Monitor and analyze property-level financial performance against budget, prior year, and underwriting projections (NOI, occupancy, rent growth, delinquency, expense ratios)
• Prepare monthly, quarterly, and annual asset performance reports for ownership/investors
• Lead annual budgeting process in partnership with property management teams
• Identify variances and develop corrective action plans with property managers

Strategic Asset Planning

• Develop and execute business plans for each asset, aligned with investment thesis (value-add, core, opportunistic, etc.)
• Evaluate hold/sell/refinance scenarios and present recommendations to leadership
• Conduct market and competitive analysis to inform pricing, positioning, and renovation strategy
• Support acquisition due diligence and underwriting for new investments

Capital Projects & Value-Add Execution

• Oversee capital improvement plans, including unit renovations, amenity upgrades, and major repairs
• Manage capital budgets, track ROI on capital spend, and ensure projects are completed on time and on budget
• Coordinate with construction/renovation teams and third-party contractors

Property Management Oversight

• Partner with (or oversee) third-party or in-house property management teams to ensure operational excellence
• Review leasing performance, marketing strategy, resident retention, and revenue management practices
• Conduct regular site visits and property inspections
• Ensure compliance with fair housing, local, state, and federal regulations

Investor & Lender Relations

• Support investor reporting, capital call/distribution processes, and quarterly/annual investor updates
• Manage relationships with lenders, including loan compliance, covenant tracking, and refinancing effortsCoordinate with legal, accounting, and tax teams as needed

Acquisitions & Dispositions

• Support sourcing, underwriting, and due diligence for new acquisition opportunities
• Lead disposition planning and execution, including market positioning, broker selection, and sale process management
• Coordinate transaction due diligence with legal, finance, and third-party consultants for both acquisitions and dispositions
• Partner with leadership on transaction structuring, valuation, and closing activities

Qualifications

Required

• Bachelor's degree in Real Estate, Finance, Business, or related field
• 3+ years of experience in multifamily asset management, property management, or real estate investment/finance
• Strong financial modeling and analytical skills (Excel proficiency required; ARGUS a plus)
• Working knowledge of multifamily operations, leasing, and property management systems (Yardi, RealPage, Entrata, or similar)
• Excellent written and verbal communication skills, with experience presenting to ownership/investment committees
• Ability to travel to portfolio properties as needed

Preferred

• Experience with value-add multifamily repositioning/renovation programs
• Familiarity with debt structures, loan compliance, and refinancing processes
• CCIM, CPM, or similar industry designation
• Analytical rigor and attention to detail
• Strategic and financial decision-making
• Cross-functional collaboration with property management, acquisitions, construction, and finance teams
• Strong organizational skills managing multiple assets simultaneously
• Proactive problem-solving and results orientation