Job Description
Job Title: Asset Manager
Location: Remote
Salary: $130,000-$155,000
Skills: Turnaround Asset Management, Distressed Assets, Value-Add Strategies, Financial Analysis, Property Management
About the Real Estate Company / The Opportunity:
Seize the opportunity to lead the recovery and repositioning of complex real estate assets for a forward-thinking organization in the real estate industry. As an Asset Manager specializing in distressed assets, you will play a pivotal role in restoring value and stabilizing performance across a portfolio of underperforming or distressed multifamily, commercial, and mixed-use properties. This remote position requires extensive travel nationwide, direct engagement with senior leadership, and the chance to drive meaningful impact through expertise in operational execution and financial oversight.
Responsibilities:
- Conduct deep financial and operational reviews of distressed properties to diagnose causes of underperformance.
- Evaluate rent rolls, occupancy, expense trends, tenant quality, and market positioning to develop effective turnaround strategies.
- Create and implement comprehensive asset recovery plans, including leasing initiatives, expense controls, capital improvements, and management changes.
- Lead repositioning efforts for value-add assets with renovations, amenity upgrades, and rebranding.
- Partner with leasing, property management, and capital project teams to optimize rent pricing, marketing, and tenant retention.
- Monitor day-to-day property operations, recommending staffing changes, process improvements, and vendor renegotiations.
- Prepare and present asset updates and financial reports to leadership and external partners.
- Oversee CapEx planning and support refinancing, sale preparation, or recapitalization as assets stabilize.
Must-Have Skills:
- 4+ years of experience in real estate asset management, specifically dealing with distressed asset turnaround
- Strong proficiency in financial modeling
- Ability to lead cross-functional teams and enact influence
- Bachelor’s degree in Real Estate, Finance, Business, or related field.
Job Tags
Remote work,