Job Description: PMG is seeking a dynamic and experienced Director of Multifamily Asset Management to oversee and optimize the performance of a roughly 2,000-unit national multifamily portfolio with several 350+ unit projects currently operating in Miami, Orlando, Atlanta, and Brooklyn. Additional properties will open over the next 18 months in Nashville, Fort Lauderdale and other premier markets. This leadership role is critical for creating and implementing strategic asset management plans, driving value enhancement, and ensuring compliance with regulatory and financial standards. The ideal candidate will have a proven track record in financial markets, real estate development, and portfolio management, with meaningful operating experience in luxury multifamily.
Role & Responsibilities:
Develop and execute asset management strategies and leasing plans to maximize property value and achieve organizational goals.
Analyze, forecast, and advise on rent pricing and market trends to optimally stabilize and maintain assets.
Manage rental application approval requirements, including income, credit, background checks, insurance, guarantors, and bonds.
Prepare detailed financial statements, activity reports, and property and portfolio-level forecasts.
Present comprehensive quarterly performance reports to senior leadership, lenders, investors, and other stakeholders.
Oversee and manage third-party vendors, including property managers, legal professionals, technology partners, and advisors. Review all relevant contracts.
Collaborate with commercial retail and office tenants per lease agreements and operational constraints.
Review financial and property inspection reports and tax records, addressing potential risks or compliance issues in adherence with regulatory, lender, and internal compliance standards.
Coordinate, present, and execute comprehensive annual business plans and budgets, including capital projects and rent projections.
Maintain in-depth knowledge of local markets, focusing on competing institutional apartment communities, development pipelines, and macro- and microeconomic trends.
Assist with due diligence for valuation models, refinancing, acquisitions, and dispositions.
Facilitate lender compliance, including monitoring debt covenants and managing escrow accounts while ensuring monthly cash flow draws are processed in a timely manner.
Coordinate with construction and property management teams to ensure timely completion of projects within budget.
Visit properties as needed to coordinate efforts with third-party property managers and evaluate asset performance. Up to 20% travel.
Provide leadership and mentorship to the in-house asset management team and third-party property managers.
Experience & Skills:
Bachelor's degree in Finance, Real Estate, Business Administration, Economics, Urban Planning or a related field; advanced degree or certifications preferred.
3-8 years full-time experience in asset management, with a focus on large-scale mixed-use luxury multifamily.
Advanced proficiency in financial analysis (Microsoft Excel), market research, and strategic planning.
Exceptional leadership, communication, and interpersonal skills.
Ability to manage multiple projects and deadlines in a rapidly changing high pressure environment.
Expertise in property management software (Entrata preferred) and financial modeling tools.
Capacity to formulate multiple solutions to complex problems where there is no 'right' answer.
Company: Property Markets Group (PMG) is a Miami-based national real estate development firm specializing in new construction large-scale residential projects. Since 1991, PMG has led the full development lifecycle to deliver more than $8 billion in assets and currently has a pipeline of over 6,500 units across asset classes in Florida, Georgia, South Carolina, Tennessee, Colorado, and New York. Our energetic team is relentlessly dedicated to making bold improvements to skylines and streetscapes.