Senior Associate, Asset Management
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Job Location:
Shelton, CT - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Department:
Job Summary
Who We Are BluevaleCapital
BluevaleCapital 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 companys vision is to create 10000 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
TheSenior 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 valuehitting lease-up targetsand ensuring operational discipline across stabilized and lease-up properties.
The position serves as the Owners on-the-ground representative in Connecticut andoperatesas 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 rolein a fast-movingentrepreneurial environmentrequiring strong financial acumen operational rigor anddemonstratedlease-up experience in multifamily is substantialopportunity to grow in this role;you will initiallyfocus onlease-up and stabilization of a small number of assets in Connecticut and then scale tooverseea larger portfolio in Connecticut with potential expansion across the Northeast.
Core Responsibilities
Third-Party Property Management Oversight
- 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 statementsidentifyvariances and implement corrective action plans
- Oversee capital expenditure execution and ensure budget adherence
- Enforce reporting cadence and operational KPIs
Lease-Up Strategy & Execution
- Lead lease-up strategy for new and repositioned multifamily assets both directly and overseeing 3PPM led lease-ups
- Developand adaptpricing strategy concessions framework and absorption targets
- Monitor leasing velocity conversion rates and traffic metrics
- Coordinate with marketing tooptimizecost per lead and cost per lease
- Evaluate and adjust leasing incentives to achieve occupancy targets
- Drive stabilization milestonesin accordance withunderwriting
- Jump in as needed on the ground to ensure lease up success
Financial & Performance Management
- 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
- Identifyand execute revenue optimization and cost containment initiatives
Capital Projects & Value Creation
- Oversee execution of value-add initiatives
- Partner with construction and development teams on capex planning
- Track ROI on capital improvements
- Ensuretimelycompletion of unit renovations tied to leasing strategy
Compliance & Risk Management
- Ensure compliance with local andstatemultifamily regulations
- Monitor fair housing adherence and operational compliance
- Review insurance coverage and risk mitigation protocols
- Identifyoperational risks and escalate material issues to leadership
Qualifications
- 4-6years of experience in multifamily asset management
- Demonstrated lease-up experienceand successin 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 forfrequentsite visits
Preferred:
- Experience with value-add oradaptive reuseprojects
- Exposure to institutional ownership structures
- Proficiencyin Yardi or similar property management systems
Required Experience:
Senior IC
Key Skills
- Portfolio Management
- Wealth Management
- Financial Services
- Hybris
- Microsoft Word
- Banking
- Cash Management
- Data Management
- Microsoft Powerpoint
- Securities Law
- Microsoft Excel
- Internet Of Things
About Company
Bluevale Capital is a leading ESG-focused real estate investment firm with offices in Connecticut and Toronto. Specializing in sustainable and socially responsible investments, Bluevale Capital is committed to delivering long-term value while prioritizing environmental, social, and go ... View more
