Director Asset Management

High Country Search Group; San Francisco (CA); Remote; USD 180,000 - 280,000; Full time

Job summary

High Country: Private Equity Search seeks a Vice President or Director of Asset Management to oversee a portfolio of multifamily and net lease investments. You will drive investment performance, manage capital programs, and lead value-add initiatives with third-party managers and investors.

Ideal candidates bring 7+ years in multifamily asset management, strong financial analysis, and a hands-on operations approach.

Qualifications

• Significant multifamily asset management experience.
• Proven ability to manage third‑party property managers and drive performance.
• Strong financial modeling, budgeting, variance analysis, and investment reporting capabilities.
• Experience overseeing renovation projects, capital expenditures, and contractor relationships.
• Excellent communication and leadership skills, with senior leadership and investors.

Responsibilities

• Lead asset management activities across a portfolio of multifamily and net lease properties, driving investment performance and executing business plans from acquisition through disposition.
• Develop and implement property-level strategies to maximize NOI, improve operations, and enhance long‑term asset value.
• Oversee third‑party property management teams, budgets, and performance against objectives.
• Evaluate property-level financial performance through cash flow projections, variance analysis, and investment return assessments.
• Lead capital expenditure and value-add renovation programs with budgets, bids, progress, and timely execution.
• Identify revenue growth and expense reduction initiatives through leasing strategies and operational improvements.
• Conduct regular property visits, market assessments, and competitive analyses to evaluate performance and opportunities.
• Support acquisition due diligence with inspections, capex assessments, and operating assumptions.
• Evaluate hold-versus-sell decisions and disposition strategies to optimize investor returns.
• Prepare asset-level performance reports, financial analyses, and investor updates with accounting and IR.
• Monitor debt, covenants, lender reporting, and cash flow forecasts with the accounting team.
• Maintain relationships with third-party managers, developers, lenders, investors, and external partners.

Skills

Financial modeling

Budgeting

Variance analysis

Investment reporting

Leadership and stakeholders

Education

Bachelor's degree in Real Estate/Finance/Business/Construction Management

MBA or advanced degree preferred

Job description

Location: San Francisco Bay Area | Remote with Travel

High Country: Private Equity Search has been retained to find a Vice President or Director of Asset Management for an established real estate investment firm. The company has over 20 years of experience investing across the Western United States, with a focus on value-add repositioning, ground-up development, and active asset management across multifamily, industrial, and retail properties.

The firm works with over 250 investment partners, including high-net-worth families, accredited investors, and select institutional investors. The platform is positioning itself for its next phase of growth, with multifamily investments serving as a primary strategic focus.

The ideal candidate will bring significant multifamily asset management experience, with a strong background in value-add strategies, property-level operations, financial analysis, and capital improvement projects. This individual should be comfortable taking ownership of investment performance while working closely with third-party property managers, investors, and senior leadership.

Position

This is a senior leadership position responsible for overseeing asset management across a portfolio of multifamily and net lease investments. The individual will play a critical role in maximizing property performance, executing strategic business plans, overseeing capital expenditures, and driving investment returns throughout the full investment lifecycle, from acquisition through disposition.

The position offers meaningful autonomy and direct exposure to senior leadership within a lean, entrepreneurial investment platform. The successful candidate will combine strong financial and analytical capabilities with hands‑on operational expertise and the ability to manage multiple assets and external relationships.

Responsibilities

• Lead asset management activities across a portfolio of multifamily and net lease properties, driving investment performance and executing business plans from acquisition through disposition.


• Develop and implement property-level strategies focused on maximizing net operating income, improving operational efficiency, and enhancing long‑term asset value.


• Oversee third‑party property management teams, including establishing annual budgets, monitoring financial performance, reviewing operating results, and ensuring execution against investment objectives.


• Evaluate property‑level financial performance through cash flow projections, budget-to-actual variance analysis, financial modeling, and investment return assessments.


• Lead capital expenditure and value‑add renovation programs, including developing project budgets, reviewing contractor bids, monitoring construction progress, and ensuring timely execution.


• Identify and implement revenue growth and expense reduction initiatives through leasing strategies, operational improvements, and proactive asset management.


• Conduct regular property visits, market assessments, and competitive analyses to evaluate operating performance, market fundamentals, and opportunities for value creation.


• Support acquisition due diligence, including property inspections, capital expenditure assessments, operating assumptions, and evaluation of prospective business plans.


• Evaluate hold‑versus‑sell decisions and disposition strategies, providing recommendations to senior leadership designed to optimize investor returns.


• Prepare asset‑level performance reports, financial analyses, investment memorandums, and quarterly investor updates in collaboration with accounting and investor relations.


• Monitor debt obligations, loan covenants, lender reporting requirements, and asset‑level cash flow forecasts in coordination with the firm’s accounting team.


• Maintain relationships with third‑party property managers, contractors, lenders, investors, and other external partners to support successful execution of investment strategies.

Qualifications

• Minimum of 7 years of real estate experience, with significant exposure to multifamily asset management, value‑add investments, and capital improvement projects.


• Demonstrated ability to manage third‑party property managers, execute strategic business plans, and drive property‑level financial and operational performance.


• Strong financial modeling, budgeting, variance analysis, and investment reporting capabilities.


• Experience overseeing renovation projects, capital expenditures, and contractor relationships.


• Excellent communication and leadership skills, with the ability to work directly with senior leadership, investment partners, and external stakeholders.


• Bachelor's degree in Real Estate, Finance, Business, Construction Management, or a related field; MBA or advanced degree preferred.


• Willingness to travel to properties and construction sites as needed.