Multifamily Asset Manager

Enclave Career•St Louis Park, MN

About The Position

The Multifamily Asset Manager leads asset strategy and performance management across Enclave’s multifamily and mixed-use portfolio. The role partners with Property Management and cross-functional investment teams to execute property business plans, optimize revenue and net operating income (NOI), support forecasting and ownership reporting, guide capital planning, and advance leasing, tax, acquisition, stabilization, and value-creation initiatives. The role oversees approximately 20 to 35 multifamily assets, with portfolio coverage adjusted as asset complexity and business needs evolve. The Asset Manager works with property teams on operating and capital budgets, performance reviews, forecasts, corrective actions, revenue management, leasing and resident retention, property tax strategy, ESG initiatives, acquisition onboarding, refinancing, and dispositions. The position also evaluates capital investments and supports portfolio analysis and broader investment strategies.

Requirements

Bachelor’s degree in business, finance, real estate, or another related field.
3–5+ years of multifamily real estate experience, including progressive asset management responsibility and transaction experience across multiple product types.
Demonstrated success developing and executing asset strategies that improve NOI, occupancy, cash flow, risk profile, and long-term asset value.
Ability to function in goal-driven, fast-paced environments.
Ability to independently lead complex workstreams, prioritize competing demands, influence cross-functional partners, and communicate recommendations to senior leadership.
Proficiency with industry-related software and computers.
Advanced financial, analytical, and problem-solving skills, including the ability to translate complex property, lease, and market data into clear recommendations and executive-level communication.
Experience in strategy or management consulting covering financial services or wealth management.

Nice To Haves

Experience leading complex asset strategies.

Responsibilities

Partner with Property Management to develop, challenge, and execute annual operating budgets, capital plans, and property-level business plans aligned with return and value-creation objectives.
Lead monthly, quarterly, and annual performance reviews; analyze budget variances, operating trends, risks, and opportunities; and track corrective action plans.
Drive revenue, occupancy, cash flow, and NOI optimization, including support for AI-driven revenue optimization tools, processes, and performance monitoring.
Prepare ownership reporting and asset performance analyses, including forecasts, reforecasts, and scenario analysis with Property Management, Accounting, and other partners.
Provide forecasting, portfolio analysis, and decision support for fund assets and broader investment strategies.
Evaluate and prioritize CapEx investments based on financial returns, asset strategy, lifecycle needs, and operational impact; monitor execution and realized benefits.
Support acquisition analysis, property onboarding, and stabilization with the Senior Acquisitions Manager and operating teams.
Identify refinancing opportunities and support debt strategy, lender analysis, and transaction execution in partnership with leadership and finance.
Oversee a portfolio of approximately 20 to 35 multifamily assets, adjusting coverage as asset complexity and business needs evolve.
Partner with management teams to establish and execute leasing, renewal, pricing, and resident-retention strategies aligned with property business plans.
Analyze market rents, competitive positioning, loss-to-lease, lease trade-outs, concessions, lease terms, and unit-mix performance; recommend pricing and promotional adjustments.
Monitor occupancy, preleased percentage, availability and exposure, traffic, applications, conversion rates, move-ins and move-outs, notices to vacate, and renewal performance.
Oversee the effective use of revenue-management systems and processes, including pricing recommendations, overrides, exception reporting, and property-level adoption.
Establish leasing, renewal, and retention targets and partner with Property Management on corrective action plans when performance is below budget, forecast, or market benchmarks.
Evaluate property marketing strategy and lead-source performance, including cost per lead, cost per lease, conversion rates, digital marketing effectiveness, and return on advertising spend.
Monitor resident satisfaction, online reputation, retention, delinquency, and bad-debt trends, and partner with Property Management on initiatives to improve resident experience and financial performance.
Develop and monitor lease-up and stabilization strategies for new developments, acquisitions, and underperforming assets, including unit-release velocity, absorption, pricing, concessions, staffing, and marketing plans.
Conduct property and competitive-market visits to assess leasing execution, curb appeal, model and amenity presentation, unit readiness, service standards, and market positioning.
Review annual property tax valuations and assessments and recommend and coordinate appeals as needed.
Partner with developers to research and recommend real estate tax estimates during underwriting.
Identify properties that could participate in tax savings programs such as 45-L and Cost Segregation studies.
Identify, implement, and monitor ESG strategies for property operations.
Assist with gathering materials for buyer review during potential dispositions.