Director of Asset Management

Director of Asset ManagementReport to: VP of Asset Management, Elevate Property PartnersLocation: Downtown Dallas, TX | Travel: 20–25%About Elevate Property PartnersElevate Property Partners is a nationally recognized real estate investment and management firm focused on delivering value across multifamily communities. We are committed to innovation, operational excellence, and creating long‑term growth for our residents, partners, and team members.We are seeking an experienced and strategic Director of Asset management to join our high‑performing team. This role will support the VP of Asset Management and play a key part in driving the performance of a 15,000‑unit national multifamily portfolio, with direct influence on value creation, operations, and investment strategy.This is a unique and high‑visibility role in a competitive industry, offering the opportunity to make an outsized impact while working alongside top leaders in the field.ResponsibilitiesServe as a key member of the asset management team with direct impact on portfolio performance.Analyze market performance and multifamily operations to identify opportunities and underperformance.Partner with marketing, revenue management, accounting, capital, and operations to formulate and execute strategies that maximize portfolio value.Review weekly/monthly reporting and analytical tools to identify trends, benchmark performance, and recommend solutions.Apply a value‑oriented approach to each asset, including revenue generation strategies, capital allocation, and operational efficiencies.Build and maintain strong relationships with operating partners; resolve issues and conflicts internally and externally.Conduct property site visits to assess physical condition, diagnose performance challenges, and recommend improvements.Collaborate with the Capital Expenditures team to assess property‑level needs and develop both short‑ and long‑term capital plans.Monitor market trends for opportunities such as renovations, expansions, or repositioning projects.Play an active role in developing annual operating and capital budgets, as well as reforecasting as needed.Support acquisition underwriting and due diligence by providing leasing assumptions and market intelligence.Evaluate and implement new products and services aimed at driving revenue, reducing costs, or improving efficiency.Mentor and develop junior analysts on the team.Additional Transition ResponsibilitiesOversee monthly and annual cashflow projections between Operations and Accounting.Develop annual capital plans, monitor progress, and ensure execution by operators.Track litigation and risk issues for each asset, ensuring timely resolution.Maintain updated market analyses in collaboration with operations and revenue management to achieve occupancy and revenue goals.Coordinate stakeholders during new acquisition transitions.Lead rollout of revenue‑generating initiatives, monitor results, and report on performance.QualificationsBachelor’s degree in Business, Finance, Real Estate, or related field.7+ years of experience in acquisition or asset management for large‑scale portfolios (5,000–7,000+ units) with mixed‑use retail across major MSAs. Minimum 4 years in multifamily asset management.Strong working knowledge of real estate principles, including operations, financial analysis, budgeting, reporting, ROI analysis, cash management, and accounting.Ability to interpret market trends, competitive surveys, and third‑party reports.Familiarity with investment due diligence and providing market‑based leasing assumptions.Excellent interpersonal and communication skills, with the ability to explain complex issues clearly.Demonstrated leadership ability, with experience mentoring and developing team members.Proven ability to thrive in a fast‑paced, dynamic environment with evolving priorities.Based in Dallas, with ability to travel 20–25%.Ideal candidate brings a balanced background in both finance and operations (approximately 75% finance / 25% operations or 50/50). #J-18808-Ljbffr