Senior Associate, Asset Management

Bluevale Capital•Shelton, CT

19h

About The Position

Bluevale Capital is a boutique, real estate private equity firm that specializes in value-add, development and special situational multi-residential projects. Over the past two years, the firm has completed over $250M of transactions with the intention of creating a $1B+ real estate fund over the next 2-3 years. By working with government leaders, and by partnering with our sponsors and lenders, the company’s vision is to create 10,000+ residential units with a focus on tackling the affordable housing crisis in North America. We are currently putting together a stellar team that will help achieve this goal. Position Summary The Senior Associate, Asset Management will oversee a Connecticut-based multifamily portfolio with primary responsibility for third-party property management supervision and lease-up execution. This role is accountable for driving asset-level performance, maximizing Net Operating Income, protecting asset value, hitting lease-up targets, and ensuring operational discipline across stabilized and lease-up properties. The position serves as the Owner’s on-the-ground representative in Connecticut and operates as the primary liaison between ownership and third-party property management. The Associate Director reports to the Director of Asset Management and works closely with finance, development, and capital partners. This is a hands-on role in a fast-moving, entrepreneurial environment, requiring strong financial acumen, operational rigor, and demonstrated lease-up experience in multifamily assets. There is substantial opportunity to grow in this role; you will initially focus on lease-up and stabilization of a small number of assets in Connecticut and then scale to oversee a larger portfolio in Connecticut with potential expansion across the Northeast.

Requirements

4-6 years of experience in multifamily asset management
Demonstrated lease-up experience and success in multifamily residential
Direct experience overseeing third-party property management
Strong financial modeling and analytical capabilities
Deep understanding of multifamily operating metrics including occupancy, NOI, leasing velocity, concessions, and capex ROI
Experience with lender reporting and refinancing processes
Strong negotiation and stakeholder management skills
Willingness to travel within Connecticut for frequent site visits

Nice To Haves

Experience with value-add or adaptive reuse projects
Exposure to institutional ownership structures
Proficiency in Yardi or similar property management systems

Responsibilities

Act as primary owner representative for all Connecticut assets
Oversee third-party property management (3PPM) performance and enforce contractual obligations
Conduct regular site visits and operational reviews
Review and approve annual operating budgets and reforecasts
Monitor monthly financial statements, identify variances, and implement corrective action plans
Oversee capital expenditure execution and ensure budget adherence
Enforce reporting cadence and operational KPIs
Lead lease-up strategy for new and repositioned multifamily assets, both directly and overseeing 3PPM led lease-ups
Develop and adapt pricing strategy, concessions framework, and absorption targets
Monitor leasing velocity, conversion rates, and traffic metrics
Coordinate with marketing to optimize cost per lead and cost per lease
Evaluate and adjust leasing incentives to achieve occupancy targets
Drive stabilization milestones in accordance with underwriting
Jump in as needed on the ground to ensure lease up success
Analyze asset-level performance including NOI, margin trends, and expense ratios
Evaluate rent roll trends, market comparables, and pricing strategy
Model lease-up scenarios and sensitivity analyses
Support refinancing, lender reporting, and valuation processes
Identify and execute revenue optimization and cost containment initiatives
Oversee execution of value-add initiatives
Partner with construction and development teams on capex planning
Track ROI on capital improvements
Ensure timely completion of unit renovations tied to leasing strategy
Ensure compliance with local and state multifamily regulations
Monitor fair housing adherence and operational compliance
Review insurance coverage and risk mitigation protocols
Identify operational risks and escalate material issues to leadership