Director of Asset Management

Position Summary

The Director of Asset Management monitors portfolio strategy and value creation across AREY Groups real estate assets. This role monitors and works in cross collaboration to ensure success of the business plan implementation and KPI for each asset is responsible for lender and investor reporting oversees capital planning and non-development construction outcomes and drives hold/refinance/disposition decisions in partnership with the CIO. This role also supports the Development team in interior and landscaping design oversight vendor coordination and project management. The successful candidate will demonstrate sound professional judgment in resource allocation and a disciplined approach to project timelines and stakeholder accountability.

Essential Duties & Core Responsibilities

Project Management & Cross-Functional Coordination

• Serve as the primary liaison between Investment Development and Operations to ensure all departments are aligned with AREY assets strategic objectives.
• Develop and enforce Standard Operating Procedures (SOPs) and project management frameworks to ensure consistency in business plan execution and reporting.
• Evaluate competing portfolio needs and apply professional judgment to prioritize high-impact initiatives that maximize Net Operating Income (NOI) and total return.

Portfolio Strategy & Financial Oversight

• Monitor annual business plans and operating/capital budgets for each asset.
• Lead quarterly hold/sell/refinance reviews and scenario planning and present recommendations with sensitivity analyses.
• Maintain and enforce the asset management calendar and project manage annual recurring activities (tax reassessments & appeals lender reporting investor updates etc.)
• Perform sensitivity analyses on key value drivers including rent growth expense trends capital timing exit cap rates and interest rates to assess downside risk and upside potential.
• Translate analytical outputs into actionable portfolio strategy recommendations for the CIO and Investment Committee.

Financial Performance KPIs & Reporting

• Review monthly financials T-12s and rent rolls; monitor NOI improvement through revenue optimization and expense discipline.
• Monitor and report on KPI scorecard: NOI cash flow occupancy & leasing velocity DSCR Debt Yield cap rate/value rent collection expense ratio
• Lead variance analysis produce monthly executive scorecard/KPI quarterly executive write ups and quarterly investor reports.
• Mentor analysts ; raise standards for project management documentation quality dashboards and data integrity.
• Establish institutionalgrade reporting standards across asset portfolio and (where applicable) fundlevel views.

Loan Compliance Lender Management & Refinancing

• Serve as primary intermediary contact with lenders/servicers post-closing; maintain loan abstracts covenants reserves and notification calendars.
• Coordinate prepare and submit financial reporting packages; monitor DSCR/Debt Yield/LTV compliance; escalate risks with mitigation plans.
• Lead refinancing evaluations and execution in partnership with CIO and Capital Markets: diligence coordination closing and post-close setup.
• Interpret and administer loan documents operating agreements and jointventure provisions relevant to assetlevel decisionmaking and compliance.

Capital Planning CapEx & Construction Management

• Develop multi-year capital plans tied to investment thesis and prioritize asset preservation and ROI-positive value-add opportunities.
• Oversee and project manage all non-development project scoping contractor bidding approvals draw/payment process and change management; enforce schedule budget and quality; track ROI and payback.
• Manage lender reserve draw process and documentation
• Project manage construction closeout and handoff to Operations.
• Lead and coordinate internal teams and thirdparty consultants across multiple concurrent capital projects ensuring progress tracking compliance and accountability.
• Maintain portfoliolevel visibility into capital deployment pacing and returns versus pro forma assumptions.

Commercial Leasing & Tenant Transitions (where applicable)

• Project-manage brokers and internal teams through entire leasing process
• Oversee the project management of commercial broker leasing activities through lead generation listing LOI and lease negotiation workflows.
• Oversee new-tenant onboarding LL work/TI allowances signage approvals and reimbursement tracking through Construction CO and handoff to Operations.
• Track and lead lease expirations/renewals strategy coordinate and oversee all defaults/terminations with legal counsel and manage pylon/digital signage revenue.
• Integrate leasing assumptions and outcomes into forwardlooking financial models and portfolio strategy updates.

Taxes & Insurance Oversight

• Forecast track and validate property tax assessments; manage consultants and appeals; ensure escrow accuracy and on-time payments.
• Support VP of Operations with annual insurance program requirements vs. lender covenants; evaluate deductible strategies coverage limits and loss mitigation.
• Maintain claims/loss-run reviews; coordinate escrow analyses with lenders and accounting
• Validate tax and insurance assumptions used in underwriting and ongoing financial forecasts.

Acquisitions/Dispositions Support & Execution

• During acquisitions: validate underwriting due diligence CapEx and operating assumptions; shape post-close business plans.
• Project manage disposition prep with CIO: broker process data room readiness tours LOI/PSA support and closing coordination.
• Own internal loan close-out: final analyses document archiving lessons learned and investor communications.
• Support fundlevel analysis investor waterfall mechanics and operating agreement compliance in coordination with Capital Markets and Accounting.

Qualifications

• Bachelors degree in Real Estate Finance Business or related field (advanced degree/designations a plus).
• 710 years in multifamily/commercial asset management with demonstrated NOI growth and capital event execution.
• Fluency with loan documents (including covenants reporting and draw processes) and refinancing processes.
• Proficiency with RealPage (or similar) financial modeling in Excel PowerPoint and market tools (e.g. CoStar).
• Strong negotiation skills self-starter highly organized great project management skills desire for continuous improvement strategic judgment analytical rigor vendor management and cross-functional leadership skills; excellent written and verbal communication.
• Advanced Excel and financial modeling expertise including dynamic cashflow models sensitivity tables and executivelevel investment reporting.

Role KPIs / Success Measures

• NOI growth vs. plan; expense ratio vs. benchmarks.
• Occupancy leasing velocity rent collection
• DSCR/Debt Yield compliance; timely clean lender submissions; successful reserve draws.
• CapEx delivery: on-time/on-budget % ROI vs. pro forma days vacant for renovated units.
• On-time high-quality executive & investor reporting; audit-ready documentation and SOP adherence.
• Timely execution of refinances and dispositions against IC-approved strategies.

Salary commensurate with experience.