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VP of Asset Management- Multifamily – Austin, TX

Michael Page

This is a Full-time position in Austin, TX posted August 23, 2021.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual’s status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.


Our client is a top Austin based private equity with a large national portfolio which spans all asset classes. They are looking to bring on a new VP of Asset Management to direct a portfolio of 30 multifamily assets (campus housing, core, and workforce housing), while also training and developing a small team of analysts and associates.

Client Details

Austin based private equity firm


As the VP of Asset Management you will lead the implementation and execution of strategies, programs, policies, and initiatives for multi-family properties. Your main goal will be to ensure achievement of the financial and operating goals, and overall profitability of the portfolio. Below are a few of the main responsibilities of the position:

  • Participates and assists in formulating the annual business plan for the assigned portfolio and development properties comprising the portfolio by establishing revenue, expense NOI and other key financial and operating targets, developing the annual capital and operating budgets, and formulating strategies that drive operations and financial performance of the portfolio.

  • Reviews, monitors, and reports on the portfolio’s performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly client portfolio/performance reports.

  • Manages and oversees the multi-family portfolio’s compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.

  • Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multi-family portfolio, prepares and delivers presentations and updates to investment principal/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets.

  • Works with the capital projects group to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.

  • Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives of the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities

  • Coordinates with the VP of Acquisitions to conduct due diligence and property inspections of prospect investments.

  • Coach, train and develop the next generation of Asset Managers for the firm.


The VP of Asset Management should have the following:

  • Bachelors degree in Finance, Real Estate, Business or related degree
  • 5+ years of prior experience working in Asset Management with some degree of multifamily experience

  • Strong communication skills.

  • Highly analytical and metrics driven with creativity.

  • Strong organizational and time management skills; ability to handle multiple projects.

  • Exercise sound judgment when making decisions.

  • Able to meet deadlines as necessary.

  • Effectively work with minimal supervision.

  • Good problem solver/creative thinker.

  • “Can-do” attitude, pro-active and resourceful.

Job Offer

This position offers the following:

  • Base salary + bonus
  • 401K
  • Generous PTO & Company Holidays
  • Clear path to internal promotion
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