Senior Asset Management Director, Value-Add Multifamily

Bullpen; Denver (CO); On-site; USD 140,000 - 190,000; Full time

Job summary

Bullpen is partnering with a private real estate investment firm to hire a Director of Asset Management for value-add multifamily investments. This hands-on leadership role blends financial analysis with on-site execution, owning asset business plans and driving improvements that lift NOI and returns.

The ideal candidate has owner-side multifamily asset management experience and a background in acquisitions, underwriting, or real estate finance is a strong plus.

Qualifications

• 7–10 years of owner-side multifamily asset management experience.
• Proven track record executing value-add projects, including renovations.
• Strong financial modeling and underwriting to evaluate cash flow and returns.
• Experience budgeting, forecasting, and variance analysis against underwriting.
• Experience directing property management partners and capital improvements.

Responsibilities

• Own and execute multifamily asset business plans, tracking performance against acquisition underwriting and adjusting strategies as needed.
• Monitor occupancy, leasing, rents, concessions, collections, renewals, and operating expenses to identify opportunities to improve NOI.
• Partner with regional and onsite property management teams, set clear expectations, and hold teams accountable for operating performance.
• Oversee unit renovations and capital projects, including budgets, timelines, renovation premiums, and returns on invested capital.
• Review monthly financial statements, property budgets, forecasts, cash flow, and variance reports.
• Partner with the acquisitions team to evaluate operating assumptions, support due diligence, and transition new investments into asset management.
• Visit properties to assess operations, review renovation progress, and address execution challenges.
• Mentor team members and strengthen asset management reporting, processes, and accountability.
• Present performance updates, risks, and recommendations to senior leadership.

Skills

Financial modeling

Underwriting

Asset management

Budgeting

Tools

Excel

Job description

Bullpen is partnering with a private real estate investment firm to hire a Director of Asset Management for value-add multifamily investments. This hands-on leadership role blends financial analysis with on-site execution, owning asset business plans and driving improvements that lift NOI and returns.

The ideal candidate has owner-side multifamily asset management experience and a background in acquisitions, underwriting, or real estate finance is a strong plus.