SVP, Asset Management (Residential)

AJ Capital Partners•Chicago, IL

20d•$185,000 - $245,000•Onsite

About The Position

Adventurous Journeys Capital Partners (“AJCP”) is seeking a Senior Vice President to oversee all asset management activities for its residential platforms, driving asset- and portfolio-level performance through disciplined operating strategy, capital planning, and value creation. The SVP, Asset Management will serve as the senior residential asset leader for the firm, partnering with third-party operators and internal teams to identify and execute operational improvements, oversee capital planning and execution, and guide decision-making across the portfolio. This role will also provide asset management leadership in support of refinancing, recapitalization, and acquisition activity, while managing and mentoring asset management resources supporting the residential portfolio.

Requirements

10+ years of relevant hotel operations experience
Bachelor’s degree in Real Estate, Finance, Hotel Management, or related discipline
Deep knowledge of residential industry trends, best practices, rules, and regulations
Ability to travel up to 20%
Strong communication skills with ability to manage across diverse stakeholders in a decentralized structure
Demonstrated strength in analytical thinking, financial modeling, and both written and verbal communication
Proficient in Microsoft Office, with high level of expertise in Excel
Self-motivated, flexible, and detail-oriented

Responsibilities

Provide senior-level oversight of all residential assets including the Memoir and Outpost portfolios.
Act as the primary decision-maker for residential asset management matters, driving operating strategy, prioritizing initiatives, and resolving issues as they arise.
Partner with third-party property management and operating partners to drive operating efficiencies, improve performance, and ensure alignment with ownership objectives.
Lead asset-level and portfolio-wide operating reviews, budgets, and forecasts, identifying opportunities to improve NOI, cash flow, and long-term value.
Drive operational improvement initiatives across the residential portfolio, including expense management, revenue optimization, staffing models, and service delivery.
Oversee and execute capital expenditure planning, approvals, and project oversight, including renovations, repositionings, and deferred maintenance.
Address asset-level matters including insurance, legal, regulatory, and risk management issues in partnership with internal and external advisors.
Provide asset management leadership in support of refinancing, recapitalization, and disposition activity, including review of assumptions, strategy, and execution.
Oversee and leverage analytical support from asset management team members, ensuring high-quality financial analysis, reporting, and modeling.
Partner with the Investments team to provide asset-level input into underwriting, diligence, and business plan development for new residential acquisitions and joint ventures.
Collaborate cross-functionally with internal teams including Investments, Development, Operations, Accounting, Legal, and Capital Markets to align residential asset strategy with broader firm objectives.
Serve as the primary residential asset management liaison to joint venture partners, lenders, consultants, and other external stakeholders.
Mentor and manage residential asset management personnel, setting priorities and developing talent.