Director of Asset Management - Multifamily Development

MBK REAL ESTATE LLC • Irvine, CA

7d • $180,000 - $200,000 • Hybrid

About The Position

This is a high-impact opportunity for an experienced multifamily professional to take ownership of asset performance across MBK Rental Living’s portfolio, including stabilized communities, active lease-ups, and newly delivered developments. The Director of Asset Management will play a key role in driving revenue growth, occupancy, NOI performance, operating discipline, resident experience, and long-term value creation.
The ideal candidate will combine strong financial and analytical skills with practical operating judgment, the ability to lead through third-party property management teams, and the professionalism to work closely with senior leadership, joint-venture partners, lenders, and internal cross-functional teams. This role will support business planning, budgeting, forecasting, reporting, acquisition due diligence, market research, lease-up execution, and strategic initiatives that improve portfolio performance.

Requirements

• Bachelor’s Degree required.
• Minimum 7+ years of progressive multifamily real estate experience, including direct responsibility for asset performance, financial analysis, budgeting, forecasting, third-party property management oversight, and execution of business plans.
• Advanced Excel financial modeling, forecasting, and scenario analysis skills.
• Proficiency with Microsoft Office Suite.
• Strong organization, attention to detail, and ability to manage multiple priorities.
• Self-motivated problem solver with sound judgment and deadline discipline.
• Professional, discreet, and credible with senior leaders, investors, partners, and cross-functional teams.
• Collaborative team player with a positive, solutions-oriented approach.
• Strong written, verbal, quantitative, and analytical communication skills.

Nice To Haves

• MBA preferred.
• Prior experience with lease-ups of new developments, or newly delivered multifamily communities is strongly preferred.

Responsibilities

• Own asset performance across stabilized communities, lease-ups, and newly delivered developments, with accountability for revenue growth, occupancy, expense control, NOI performance, resident experience, and long-term value creation.
• Translate ownership objectives into clear operating plans, measurable performance targets, and disciplined execution with third-party property management teams.
• Lead recurring performance reviews to evaluate leasing velocity, pricing, concessions, renewals, delinquency, expenses, marketing effectiveness, service levels, and execution of key action items.
• Develop and implement asset business plans that improve revenue, reduce controllable expenses, strengthen resident retention, enhance operating consistency, and increase asset value.
• Oversee lease-up strategy for newly delivered communities, including pricing, concessions, marketing, operational start-up, turnover from construction, absorption pace, and stabilization planning.
• Analyze operating statements, rent rolls, leasing reports, market surveys, capital plans, and property-level KPIs to identify risks, trends, and actionable recommendations.
• Prepare executive-ready reporting for senior leadership, lenders, and joint-venture partners, clearly explaining performance drivers, risks, opportunities, and recommended actions.
• Lead budgets, reforecasts, financial models, KPI dashboards, and long-range business plans to support ownership decisions, cash flow projections, refinancing, dispositions, and value-creation strategies.
• Partner with acquisition, development, and construction teams on due diligence, underwriting assumptions, market research, competitive positioning, operational risks, and value-creation opportunities.
• Support dispositions, refinancing, recapitalizations, and investor reporting through asset narratives, performance summaries, due diligence materials, and responses to operational inquiries.
• Oversee third-party management agreements, vendor relationships, service contracts, and operating initiatives to improve performance, service quality, cost control, and accountability.
• Champion scalable systems, reporting tools, and process improvements that enhance portfolio oversight, data accuracy, workflow efficiency, and institutional-quality decision making.
• Build strong relationships with internal teams, third-party managers, joint-venture partners, lenders, consultants, and other stakeholders while operating with urgency, professionalism, sound judgment, and disciplined follow-through.

Benefits

• competitive salaries with opportunities for growth
• 401(k) retirement plan with up to 4% employer matching
• comprehensive industry leading medical, dental and vision insurance
• company-provided life, disability and AD&D insurance
• flexible spending accounts
• generous paid time off including vacation and sick time, holidays, and bereavement leave
• leadership development, training, and personal coaching
• education loan assistance and scholarships
• daily living, financial and legal services
• childcare and eldercare assistance
• employee discounts
• health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members

What This Job Offers

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