VP, Business Development

Asset Living; Houston (TX); On-site; USD 140,000 - 210,000; Full time

Job summary

Asset Living, a leading third-party property management firm, seeks a Vice President of Business Development to originate and grow third-party management business across assigned markets. You will own client relationships from prospecting to takeovers, partnering with division leaders to ensure delivery and profitability.

You will build a robust pipeline, negotiate complex fees, and lead high-level presentations and strategies.

Qualifications

• Bachelor's degree in Business Administration, Real Estate, Finance, or related field, or equivalent professional experience.
• 5+ years of experience in business development, sales, asset management, acquisitions, or operations leadership within real estate.
• Proven ability to originate new business and build a client book from zero or near-zero.

Responsibilities

• Originate new management assignments from property owners, developers, investors, and capital partners in the region or product line.
• Build and sustain a self-generated pipeline through direct prospecting, broker and lender relations, events, and market intel.
• Own each client relationship through lifecycle and grow share via acquisitions, new developments, and hold strategies.
• Lead pursuit strategy, client presentations, RFP responses, and materials with support resources.
• Negotiate management fees and terms within pricing standards and escalation paths.
• Coordinate transitions with Legal, Client Services, and Operations through takeover.

Skills

Business development

Sales

Asset management

Acquisitions

Negotiation

Relationship building

Strategic planning

CRM

Education

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

Tools

HubSpot

Microsoft 365

Job description

Company Overview

Asset Living is a third-party management firm with a proven partner in fostering thriving communities nationwide. Founded in 1986, Asset Living has decades of experience delivering exceptional value to our partners. Since the beginning, our undeniable passion has driven our organic growth from a small property management firm to one of the most trusted allies in real estate. Asset Living's growing portfolio includes a multitude of properties across the country that span the multifamily, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions.

Company Overview

Asset Living is a third-party management firm with a proven partner in fostering thriving communities nationwide. Founded in 1986, Asset Living has decades of experience delivering exceptional value to our partners. Since the beginning, our undeniable passion has driven our organic growth from a small property management firm to one of the most trusted allies in real estate. Asset Living's growing portfolio includes a multitude of properties across the country that span the multifamily, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions.

Asset Living is a fast-growing company made up of talented individuals from diverse backgrounds that differentiate us and help us drive innovation and results for our clients and communities across the US. At Asset Living, we wholeheartedly believe 'Together We Lead, Together We Succeed. We empower each other to lead byexample, collaborate, and evolve – inspired by our belief that we can continually improve as individuals and as an organization. Together, we create an environment where every voiceis heard, every idea is valued, and every individual experiences opportunities to grow as our company grows. When you join AssetLiving, you become part of a dynamic team that thrives on unity, unique talents, anda universal culture of winning. Recognized as one of the nation's Best and Brightest Places to Work and ranked in the NMHC top 50 professionals, join Asset Living because of its reputation as the most trusted partner in real estate, workplace culture, and growth opportunities. Asset Living is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO). Together, we lead the way, and together, we achieve excellence in allthat we do. Join a workplace where success is a collective journey andleadership is a shared responsibility.

Vice President, Business Development

Our Vice President, Business Development is a senior individual contributor responsible for originating new third-party management business within an assigned region or product line (market rate, affordable, or student housing). The VP owns each client relationship they originate for the life of that relationship and is accountable for growing Asset Living's share of each client's portfolio over time. They partner closely with the Division Presidents who lead operations in their territory and direct the business development support resources aligned to their pursuits to convert opportunities into signed management agreements and successful takeovers.

Essential Duties & Responsibilities

• Originate new management assignments from property owners, developers, investors, and capital partners within an assigned region or product line, with a primary focus on new client relationships
• Build and sustain a self-generated pipeline through direct prospecting, broker and lender relationships, industry events, and market intelligence, rather than relying on inbound RFPs
• Own each originated client relationship for its full lifecycle, growing share of wallet through acquisitions, new developments, lease-ups, and assets the client owns that are managed by other operators
• Qualify opportunities rigorously against Asset Living's assignment standards, pursuing business that fits the platform and walking away from business that does not
• Lead pursuit strategy and owner-facing presentations, proposals, and RFP responses, directing business development support resources on underwriting, management proposals, market research, and pursuit materials
• Hold credible owner-level conversations on operating performance, NOI, budgets, fee structures, and asset strategy using T-12s, rent rolls, and market data
• Negotiate management fees and key property management agreement terms within established pricing standards, escalating exceptions through the appropriate approval path
• Partner with Division Presidents and operations leadership on service fit, staffing, and takeover readiness so that what is sold can be delivered
• Coordinate the transition from award through management agreement execution and takeover with Legal, Client Services, and Operations
• Introduce Asset Living's programs, services, and elective offerings to clients where they add value to the asset
• Stay engaged with clients after takeover, partnering with Operations on relationship health and raising risk early so performance concerns are addressed before they affect the relationship
• Maintain accurate and timely contact, activity, opportunity, and pipeline records in the CRM, and produce reliable forecasts
• Achieve annual origination targets and activity standards set in partnership with sales leadership
• Represent Asset Living at industry conferences, association events, and client meetings to build brand presence and market knowledge within the territory
• This position entails travel, estimated at 40-50% of work time annually. Travel may be required for client meetings, property tours, conferences, and other business-related activities.

Education & Experience

• Bachelor's degree in Business Administration, Real Estate, Finance, or related field, or equivalent professional experience
• Five or more years of experience in business development, sales, asset management, acquisitions, or operations leadership within multifamily or commercial real estate
• Demonstrated record of originating new business and building a book of clients from zero or near-zero, not solely managing inherited accounts
• Working knowledge of property management operations, owner economics (NOI, budgets, capital plans, and hold strategy), and third-party management agreements
• Exceptional relationship-building, presentation, and negotiation skills with owners, principals, and asset managers
• Self-directed, coachable, and persistent through long pursuit cycles and competitive losses
• Motivated by a production-weighted compensation structure with meaningful variable earnings
• Proficiency with CRM platforms (HubSpot preferred) and Microsoft 365

Preferred Qualifications By Product Line

• Affordable Housing: working knowledge of LIHTC, HUD and Section 8 HAP, RAD/PBV, and state housing finance programs and their compliance requirements; established relationships with affordable developers, syndicators, and housing authorities
• Student Housing: working knowledge of purpose-built student housing leasing cycles, pre-lease dynamics, and university relationships; established relationships with student housing developers and institutional owners
• CPM, CCIM, or comparable industry credential

This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice. This is a safety-sensitive position and may be subject to additional compliance requirements.