Assistant Vice President, Asset Management

RHM Real Estate Group•Beachwood, OH

2d•Hybrid

About The Position

Legacy RHM Capital (LRHM), an affiliate of RHM Real Estate Group, is a fully integrated real estate investment platform formed in 2025 through the merger of Legacy Capital Partners and RHM Capital Group. Through funds and single-investment entities, the predecessor firms have collectively raised $461 million since 2004. LRHM raises and deploys real estate equity for investors, focusing on the acquisition and operation of institutional-quality multifamily investments. Reporting to the Chief Financial and Operating Officer, the Assistant Vice President, Asset Management is the primary owner of each asset’s business plan following acquisition. The role oversees execution of approved investment strategies and works to maximize operating and financial performance across LRHM’s multifamily portfolio from acquisition through disposition. It combines hands-on multifamily operating experience with financial and analytical capabilities. The successful candidate develops a firsthand understanding of each investment’s property operations, physical condition, competitive position, local market, and financial performance, and brings an ownership mindset to each asset.

Requirements

Bachelor’s degree in finance, real estate, business, economics, or a related field; equivalent multifamily experience is considered.
At least 5 years of multifamily real estate experience in asset management, property operations, investment management, or a combination thereof.
Demonstrated combination of hands-on multifamily operating experience and strong financial and analytical skills, including advanced Excel and financial modeling.
Proven ability to interpret property financial statements, budgets, forecasts, and investment underwriting.
Strong judgment, problem-solving, and communication skills, with the ability to work effectively with property management, senior leadership, and external stakeholders.
Willingness and ability to travel regularly to portfolio properties.
U.S. work authorization required for employment.
Reliably commute or plan to relocate before starting work.

Responsibilities

Assume responsibility for each investment following acquisition and lead execution of its approved business plan, comparing actual performance against original underwriting.
Hold property management teams and operating partners accountable for results and constructively challenge performance when operating results do not support the investment thesis.
Evaluate capital improvement and value-add programs, including scope, budget, timing, rent premiums, and returns on invested capital.
Conduct regular property visits to understand each asset’s physical condition, onsite operations, competitive environment, and local market conditions.
Monitor and analyze property-level performance, including occupancy, leasing trends, rents and concessions, bad debt, other income, operating expenses, NOI, capital expenditures, cash flow, and investment returns.
Manage the annual budgeting process with property management and perform budget-to-actual, variance, reforecasting, and scenario analyses.
Perform or oversee valuation, refinance, hold/sell, and other strategic investment analyses.
Prepare asset performance updates and communicate results, risks, and recommendations to senior leadership, lenders, and investors.
Partner with the investment team during acquisition due diligence to provide operating insight and support an effective transition after closing.
Recommend improvements to asset management reporting and processes, leveraging technology and AI-enabled tools where appropriate.
Maintain a working understanding of each asset’s capital structure, including debt, equity, joint venture terms, and waterfall.
Monitor debt covenants, loan maturities, extension requirements, and interest-rate exposure, and coordinate lender reporting with the CFO/COO.
Travel regularly to portfolio properties.