VP, Asset Management, Multifamily
Location: Chicago, IL
This Opportunity
Heitman is seeking a seasoned Asset Manager to join our North American Private Equity team. We’re looking for a strategic and results-driven professional with deep expertise in the multifamily asset class to oversee and optimize performance across our clients’ multifamily portfolios.
This highly collaborative role will require strong relationship-building skills and the ability to work cross-functionally with internal teams, including Portfolio Management, Acquisitions, and Financial Operations & Analysis, as well as external partners such as joint venture stakeholders and third-party property managers. The ideal candidate will bring a proactive, analytical mindset and a passion for driving value across diverse assets.
Responsibilities include, but are not limited to:
- Manage a diverse real estate portfolio focused on Apartments, with strategic oversight and accountability for performance.
- Implement asset management strategies including income and expense forecasting, leasing plans, capital budgets, value creation initiatives, and risk-return analysis.
- Evaluate performance against budgets, business plans, and internal/external benchmarks, and proactively adjust strategies to optimize outcomes.
- Utilize data analytics to inform asset-level strategy, identify trends, and drive performance improvements.
- Establish leasing strategies and closely monitor property management teams and joint venture partners to ensure alignment and execution.
- Implement and monitor value-add strategies, including unit and common area renovation programs, ensuring initiatives are executed efficiently and result in accretive returns.
- Prepare and oversee annual budgets, valuations, appraisals, and leasing plans for assigned assets.
- Lead financial analysis and modeling to support asset-level decision-making and portfolio strategy.
- Assess current and projected performance of properties, identifying opportunities for enhancement or repositioning.
- Gain deep market expertise through site visits, industry analysis, and networking; collaborate with internal and external teams to adjust strategies based on market dynamics.
- Conduct regular property inspections to evaluate operational performance, assess business plan execution, and identify improvement opportunities.
- Support the acquisitions team by contributing market insights, leasing assumptions, and participating in due diligence for new investments.
- Serve as the primary relationship manager for joint venture partners, facilitating strategic alignment, reporting, and collaborative decision-making.
- Lead disposition efforts, including broker selection, pricing strategy, marketing oversight, and transaction execution.
- Assist in executing financings and refinancings, working closely with capital markets, legal, and finance teams
- Prepare and present strategic recommendations and performance updates to senior leadership and investment committees.
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Additional Info
Job Type : Full-Time