Asset Manager (Private Equity CRE)

LHH; Atlanta (GA); On-site; USD 90,000 - 140,000; Full time

Job summary

LHH is recruiting for a national presence real estate private equity firm managing a growing portfolio of multifamily properties. The Asset Manager will maximize financial performance and value across the portfolio, working at the intersection of ownership strategy and on-the-ground property operations.

The role requires transitioning from property management to portfolio-level strategy, budgeting, and investor reporting; current regional property managers are encouraged to apply.

Qualifications

• Bachelor's degree in Real Estate, Finance, Business, or related field.
• 4+ years in multifamily real estate with prior property management experience before asset management.
• Strong understanding of leasing, revenue management, R&M budgets, and staffing.
• Proficiency in Yardi, RealPage, Entrata or similar systems.
• Strong Excel, financial modeling and budget variance analysis.
• Excellent communication skills for ownership/investors presentations.
• Ability to travel to portfolio properties as needed.

Responsibilities

• Oversee financial and operational performance of an assigned portfolio of multifamily properties.
• Partner with third-party or in-house property management teams to drive occupancy, rent growth, NOI, and expense control.
• Develop and review annual operating budgets and business plans for each asset; track performance against underwriting.
• Conduct monthly/quarterly variance analysis and prepare asset performance reports for ownership/investors.
• Identify and execute value-add initiatives (renovations, repositioning, revenue management, expense reduction).
• Conduct regular property site visits and inspections; evaluate management team performance.
• Review and negotiate property-level contracts, capital projects, and vendor relationships.
• Monitor local market conditions, comps, and submarket trends to inform pricing and leasing strategy.
• Collaborate with acquisitions/dispositions teams on due diligence, hold/sell analysis, and business plan updates.
• Manage relationships with third-party property management companies, including scorecards and performance reviews.
• Support annual capital planning and reserve budgeting.
• Assist with refinancing, loan compliance, and lender/investor reporting as needed.

Skills

Portfolio performance

Financial analysis

Communication with owners/investors

Property operations oversight

Budgeting and forecasting

Education

Bachelor's degree in Real Estate or related field

Tools

Yardi

RealPage

Entrata

Job description

LHH is recruiting for a national presence real estate private equity firm managing a growing portfolio of multifamily properties. We are seeking an Asset Manager to drive performance across the multifamily portfolio, working at the intersection of ownership strategy and on-the-ground property operations.

Position Summary

The Asset Manager will be responsible for maximizing the financial performance and value of an assigned portfolio of multifamily assets. This role requires a strong operational foundation in property management combined with the analytical and strategic skill set needed to manage assets from an ownership/investor perspective. The ideal candidate has "come up through" property management and now wants to apply that operational knowledge to portfolio-level strategy, budgeting, and investor reporting. The company WILL consider current regional property managers wanting to make the transition.

Key Responsibilities

• Oversee financial and operational performance of an assigned portfolio of multifamily properties
• Partner with third-party or in-house property management teams to drive occupancy, rent growth, NOI, and expense control
• Develop and review annual operating budgets and business plans for each asset; track performance against underwriting
• Conduct monthly/quarterly variance analysis and prepare asset performance reports for ownership/investors
• Identify and execute value-add initiatives (renovations, repositioning, revenue management, expense reduction)
• Conduct regular property site visits and inspections; evaluate management team performance
• Review and negotiate property-level contracts, capital projects, and vendor relationships
• Monitor local market conditions, comps, and submarket trends to inform pricing and leasing strategy
• Collaborate with acquisitions/dispositions teams on due diligence, hold/sell analysis, and business plan updates
• Manage relationships with third-party property management companies, including scorecards and performance reviews
• Support annual capital planning and reserve budgeting
• Assist with refinancing, loan compliance, and lender/investor reporting as needed

Preferred Qualifications

• Bachelor's degree in Real Estate, Finance, Business, or related field ideal
• 4+ years of experience in multifamily real estate, with required prior experience in property management (Regional Manager, Property Manager, or similar operational role) before transitioning to asset management
• Strong understanding of multifamily property operations: leasing, renewals, revenue management, R&M budgets, staffing
• Proficiency in Yardi, RealPage, Entrata, or similar property management/reporting systems
• Strong Excel skills; financial modeling and budget variance analysis experience
• Excellent communication skills — comfortable presenting to ownership/investors
• Ability to travel to portfolio properties as needed