Asset Manager

A Little About Us:

Richmark is a family-owned Company dedicated to executing quality projects and initiatives that enhance communities. We strive to fulfill and live out our mission in everything we do with a commitment to family and community, entrepreneurial spirit, and fostering sustainable growth.

About Your Role:

The Asset Manager is responsible for maximizing the performance and long-term value of a diverse real estate portfolio including multifamily, commercial, mixed-use, and hospitality assets. This role leads financial reporting and analysis, oversees budgeting and forecasting, manages loan compliance and refinancing, supports commercial leasing and onboarding, and partners with management teams to drive operational and financial outcomes. The ideal candidate is analytical, organized, and confident working with lenders, investors and internal teams.

Essential Duties and Major Responsibilities:

Portfolio Performance & Financial Management

· Analyze monthly financial statements across multifamily, commercial, and hospitality assets; identify anomalies and issue variance reporting with corrective plans.

· Prepare and manage annual commercial operating budgets including CAM/NNN structures, projections, and capital planning.

· Review and analyze multifamily and hospitality budgets; recommend revisions prior to leadership approval.

· Maintain financial dashboards, forecasting, and budget-to-actual performance reporting across the portfolio.

· Prepare and distribute investor reports including quarterly/annual summaries, cash flow performance, and operational insights.

· Complete same-store performance analyses, trend reports, and benchmarking across markets and asset classes.

· Manage and submit required incentive and reimbursement requests tied to development agreements with governmental entities confirming eligibility and meeting all submission deadlines.

· Complete and submit replacement reserve draw requests and maintain lender communication logs.

· Update and maintain SREO, loan covenant trackers, reporting schedules, and financing documentation.

· Manage property tax appeals, including documentation, valuation review, assessor communication, and coordination with legal partners to process appeals and filings.

· Maintain energy benchmarking compliance and reporting as required by state regulations.

Financing, Loan Management & Refinancing

· Monitor key loan metrics including loan terms, DSCR requirements, reserve balances, interest rate changes, covenant compliance, maturity timelines, and refinance windows.

· Lead or support loan refinances across diverse capital sources

· Manage lender information requests, refinance checklists, due diligence rooms, underwriting data, and term sheet comparisons.

· Coordinate with lenders, attorneys, servicers, and third-party consultants from initial underwriting through closing.

Operational & Management Oversight

· Oversee third-party property management and hotel operators across multifamily, commercial, and hospitality assets; ensure performance aligns with approved budgets, occupancy and revenue goals, operating standards, and ownership business plans.

o Hospitality oversight includes monitoring brand compliance, revenue management performance, labor efficiency, guest satisfaction metrics, and operator reporting.

· Perform routine property inspections, asset condition assessments, and capital planning reviews, including hospitality-specific reviews of guest rooms, public spaces, back-of-house areas, FF&E condition, and brand PIP or capital requirements.

Commercial Leasing, Tenant Relations & Onboarding

· Support commercial leasing strategy including renewals, amendments, extensions, expansions, and negotiation preparation.

· Set up new commercial tenants including lease abstraction, rent schedules, escalation timelines, billing codes, and CAM/NNN structures; communicate operational expectations.

· Support CAM processes including estimates, reconciliations, and year-end adjustments for commercial tenants.

· Oversee percent rent calculations, commercial delinquency, recoveries, and compliance with lease financial terms.

· Issue notices for arrears, defaults, escalations,…