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Multifamily Asset Manager

Job in Saint Augustine, St. Johns County, Florida, 32095, USA
Listing for: Ancient City Capital
Full Time position
Listed on 2026-02-17
Job specializations:
  • Management
    Financial Manager, Property Management, Risk Manager/Analyst, Operations Manager
Salary/Wage Range or Industry Benchmark: 80000 - 100000 USD Yearly USD 80000.00 100000.00 YEAR
Job Description & How to Apply Below

We are seeking a driven, hands-on Multifamily Asset Manager with deep experience in affordable housing and distressed assets. This role is responsible for overseeing the performance, strategy, and execution of a portfolio of multifamily properties, ensuring financial strength, operational efficiency, and long-term value creation.

The ideal candidate is a
go-getter and self-starter
—someone who takes ownership, pushes initiatives forward without being asked, collaborates effectively with cross-functional teams, and holds partners and operators accountable to results.

Key Responsibilities Asset Oversight & Performance
  • Oversee day-to-day and long-term performance of a multifamily portfolio, with emphasis on affordable and distressed assets
  • Develop and execute asset-level business plans, turnaround strategies, and value-add initiatives
  • Monitor financial performance including budgets, forecasts, rent rolls, operating statements, and variance analyses
  • Drive NOI growth through operational improvements, expense control, and revenue optimization
Affordable Housing & Compliance
  • Ensure compliance with applicable affordable housing programs (LIHTC, HUD, Section 8, bond‑financed assets, etc.)
  • Coordinate with property management and compliance teams to address audits, reporting, and regulatory requirements
  • Identify risks and proactively resolve compliance or operational issues
Property Management & Vendor Management
  • Oversee third‑party property management companies and internal teams
  • Set clear expectations, KPIs, and timelines—and hold teams accountable for execution
  • Review staffing plans, leasing performance, maintenance operations, and capital projects
  • Manage vendors, contractors, and consultants to ensure quality, timeliness, and cost control
Capital Projects & Distressed Asset Execution
  • Oversee capital improvement plans, rehab scopes, and turnaround initiatives
  • Track project budgets, schedules, and outcomes
  • Identify distressed asset challenges early and implement corrective action plans
Communication & Collaboration
  • Serve as a central point of coordination between ownership, property management, accounting, construction, and leadership
  • Provide clear, timely reporting and recommendations to stakeholders
  • Act as a team player while maintaining firm accountability and performance standards
Qualifications
  • 3–7+ years of experience in multifamily asset management
  • Demonstrated experience with affordable housing and/or distressed assets required
  • Strong understanding of multifamily operations, financial analysis, and real estate fundamentals
  • Experience overseeing third‑party property management companies
  • Ability to manage multiple priorities in a fast‑paced environment
  • Proven self‑starter who takes initiative and drives results without constant oversight
  • Strong communication skills with the confidence to challenge underperformance constructively
  • High level of organization, follow‑through, and attention to detail
Key Traits for Success
  • Go‑getter mindset with a bias toward action
  • Comfortable holding others accountable while remaining collaborative
  • Problem‑solver who thrives in complex or distressed situations
  • Team‑oriented but unafraid to make tough decisions
  • Results‑driven with strong ownership mentality
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