Director – Asset Management

Morgan Group • Houston, TX

1d • Onsite

About The Position

The Morgan Group’s Asset Management team oversees asset-level strategies for more than 12,000 units across approximately 45 properties in Texas, Florida, and Colorado. The portfolio includes development and acquisition assets, with strategies ranging from merchant-build developments to long-term holds, and is capitalized by institutional and private equity partners, insurance companies, family offices, and high-net-worth investors.

The Director of Asset Management owns execution of business plans for an assigned portfolio segment and works across the full investment life cycle, including lease-up, stabilization, ongoing performance, capital strategy, and disposition. The role partners with property management, development, legal, capital markets, accounting, construction, lenders, and investors to monitor performance, manage budgets and compliance, evaluate valuations and investment decisions, and support acquisition and disposition activity.

This is an in-person role based in Houston. Quarterly property site visits are required, with periodic travel also necessary.

Requirements

• Bachelor’s degree in Real Estate, Finance, Business, Accounting, or a related field.
• At least 7 years of experience in multifamily asset management, property management, acquisitions, or commercial real estate finance, with direct exposure to institutional-quality assets.
• Demonstrated track record of monitoring and improving property-level financial performance across a multi-asset portfolio.
• Experience preparing investor, lender, and executive-level reporting and presentation materials.
• Working knowledge of loan compliance requirements, including covenants, debt service coverage ratio tests, reserve draws, and capital markets fundamentals.
• Ability to manage multiple assets and competing priorities in a fast-paced, deadline-driven environment.
• Advanced Excel financial modeling skills, including dynamic, multi-scenario modeling.
• Proficiency in Microsoft Word, PowerPoint, and Outlook, and ability to build clear, executive-ready reporting and presentation materials.
• Strong understanding of multifamily operating metrics, including net operating income, occupancy, rent growth, and expense ratios, and how they translate into asset value.
• High attention to detail and accuracy, with exceptional organizational skills.
• Very strong interpersonal skills and ability to build relationships.
• Expert-level written and verbal communication skills.
• Ability to work with minimal supervision, with a high degree of discretion and independence.
• Demonstrated ability to achieve high-performance goals and meet deadlines in a fast-paced environment.
• Ability to work in person in Houston, make quarterly site visits to portfolio properties, and travel periodically.

Responsibilities

• Partner with Property Management, Development, Legal, Capital Markets, and Accounting to coordinate work across the asset life cycle, from acquisition through disposition.
• Own execution of asset-level business plans for an assigned portfolio segment and translate strategy into clear, measurable direction for property management teams.
• Monitor financial and operational performance against budget, prior year, and competitive set; identify variances, diagnose root causes, and recommend corrective action.
• Prepare and present monthly, quarterly, and annual property and portfolio performance reporting for partners and investors, ensuring accuracy and timeliness.
• Develop and maintain property-level valuation analyses and hold-or-sell recommendations using market data, capital markets trends, and asset-specific business plans; support materials presented to the Investment Committee.
• Manage annual budgeting for assigned assets, including revenue and expense budgets, capital plans, and marketing and leasing plans, in partnership with property management and regional teams.
• Track and enforce loan compliance, including financial covenants, debt service coverage ratio tests, and reserve draws; coordinate with Capital Markets and lenders to resolve exceptions.
• Review and approve capital expenditure scopes, bids, and budgets, and monitor project timing and cost variances in coordination with Construction and Property Management.
• Conduct regular site visits to assess property conditions, capital project progress, leasing, and operational execution; document findings and follow up on action items.
• Support acquisition and disposition activity for assigned assets, including underwriting review, due diligence coordination, and preparation of investment committee materials.
• Monitor local submarket trends, supply pipeline, and competitive positioning, and turn market intelligence into recommendations for revenue and leasing strategy.

Benefits

• Advancement opportunities
• Training
• Low-cost medical, dental, and vision coverage
• Flexible Spending Accounts for medical, limited purpose, and dependent care
• Health Savings Account
• Voluntary life insurance
• Long-term disability insurance
• Company-paid life insurance
• Company-paid short-term disability insurance
• 401(k) traditional and Roth plans with company match
• Employee Assistance Program
• Paid time off, including vacation, sick time, floating holiday, bereavement leave, and a holiday schedule
• Referral bonus program
• Quarterly bonus program

What This Job Offers

• Job Type: Full-time
• Career Level: Director