Asset Management Associate

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Middleburg seeks an Asset Management Associate responsible for overseeing the performance, strategy and lifecycle of assets in the Development pipeline. The right individual will help to ensure that projects are delivered on schedule, in line with the business plan and pro forma, within budget and aligned with the Middleburg standard. As a vertically integrated company, the Asset Management Associate will collaborate with the Development, Capital Markets, Construction, and Operations teams as well as external partners to optimize value throughout the portfolio.

This position will be based in Vienna, VA and largely focused on the portfolio located in the Mid‑Atlantic.

• Quality control over reporting issued by the Development team to include oversight of forecasts, exposure, construction schedules, contingency usage and monthly narratives.
• Working with the Development team to set the standard and quality of product:
  • Identifying opportunities for value creation and revenue generation within the portfolio.
  • Participating in standards walk and acceptance of units.
• Identify, assess and mitigate project and portfolio risks.
• Be a market specialist – understand the dynamics of a lease‑up, rental analysis and pricing strategy.
• Responsible for establishing and managing lease‑up and annual budgets with assistance from the Development Partner and Property Management teams.
• Analysis and comparison of Valuation reporting:
  • Providing snapshot summary and benchmarking of in‑place rents and NOI comparison to valuation on a quarterly basis.
  • Strategizing with Property Management to align Operational goals with Valuation goals and supporting operational stabilization to achieve forecasted performance.
• Provide overall project benchmarking on a quarterly basis as it relates to construction schedule, development budget, lease‑up pace, Valuation and other project milestones as requested.
• Complete monthly market tours in conjunction with Asset Management responsibilities.
• Responsible for internal and fund reporting for the Development pipeline in their region, which includes quarterly project updates and presentation to fund investors as required.
• Will be required to travel frequently to project sites throughout the Mid‑Atlantic.

• The ideal candidate will have a bachelor’s degree in real estate, Finance, Economics, or a related field.
• Minimum of 4 years of experience in Multifamily Real Estate.
• Experience with asset management, including financial modeling and performance tracking.
• Strong knowledge of MS Excel, Word, and PowerPoint is required.
• Familiarity with multifamily real estate, JVA, legal and loan document negotiation, and multifamily asset management.
• Ability to manage multiple assets simultaneously.
• The ideal candidate will have strong interpersonal and analytical skills.

• Comprehensive health and welfare benefits, including medical, dental, vision, 401(k) match, life insurance, and educational reimbursement.
• Paid time off, volunteer time, and company‑paid holidays.
• A challenging and growth‑oriented job with emphasis on excellence, service, and integrity.
• A culture fostering responsible leadership, initiative, empathy, and community impact.

At Middleburg Communities, we share a vision for greater value creation through community impact. Our success is rooted in a genuine desire to serve our local communities in thoughtful and holistic ways. By enhancing the lives of others, we contribute positively to neighborhoods and maximize real returns for our partners. Middleburg is a fully integrated real estate investment, development, and construction firm focused on rental housing in high‑growth markets across the southeastern United States.

Since 2004, the company has acquired and developed over 22,000 apartment units, executing approximately $3 billion in transactions, and is one of the most active developers and builders of rental housing in the nation with approximately $1 billion in recurring annual development value.

Middleburg Communities is an equal‑opportunity employer committed to diversity and inclusion. We welcome qualified applicants from a variety of backgrounds inclusive of race, color, religion, sexual orientation, gender, gender identity, expression, genetic information, national origin, age, disability, or status as a disabled or Vietnam‑era veteran.