Multi-Family Asset Manager

At Larson Capital Management, LLC, the Multi-Family Asset Manager role is a vital contributor to the success of our commercial real estate investment holdings, reporting to the Senior Director of Asset Management. This role requires the combination of commercial real estate acumen, astute analytical reasoning, future-focused thinking, well-honed negotiation skills and the ability to build relationships with internal and external peers to accomplish overall financial goals.

The Multi-Family Asset Manager is responsible for maximizing the financial performance, operational efficiency, and long-term value of a portfolio of multifamily residential properties. This role oversees property management performance, asset strategy, budgeting, capital improvement initiatives, financial analysis, and investor reporting. The Asset Manager serves as the primary link between ownership, property management teams, and other stakeholders to ensure portfolio objectives are achieved.

Responsibilities:

Asset Performance & Strategy

• Develop and execute asset-level business plans to optimize property value and investment returns.
• Monitor portfolio performance against budgets, forecasts, and investment objectives.
• Identify opportunities to increase revenue, reduce expenses, and improve operational efficiency.
• Evaluate market conditions, competitive properties, and economic trends to inform strategic decisions.
• Recommend hold, refinance, recapitalization, or disposition strategies.

Financial Management

• Review and analyze monthly financial statements, variance reports, and key performance metrics.
• Prepare annual operating budgets and capital expenditure plans.
• Develop and maintain financial models, cash flow projections, and investment analyses.
• Monitor property-level NOI, occupancy, rent growth, collections, and expense performance.
• Work closely with accounting teams to ensure accurate financial reporting.

Property Operations Oversight

• Oversee third-party or internal property management companies.
• Conduct regular operational reviews and property visits.
• Evaluate leasing performance, resident retention, maintenance operations, and service levels.
• Ensure properties comply with ownership standards and business plan objectives.
• Collaborate with regional managers and onsite teams to address operational challenges.

Capital Projects & Value-Add Initiatives

• Identify and manage renovation, repositioning, and capital improvement projects.
• Review project budgets, timelines, and return-on-investment expectations.
• Coordinate with contractors, consultants, and property management teams.
• Monitor project execution and financial performance.

Investor & Ownership Reporting

• Prepare quarterly and annual asset performance reports.
• Present recommendations and performance updates to ownership, investors, and senior leadership.
• Support lender reporting requirements and financing activities.
• Assist with due diligence for acquisitions, refinancing, and dispositions.

Market & Portfolio Analysis

• Analyze market trends, demographic data, and competitive property performance.
• Conduct rent studies and evaluate pricing strategies.
• Assess acquisition opportunities and support underwriting efforts.
• Track portfolio KPIs and benchmark performance against market standards.