Director, Asset Management
Carrollton, Texas
State: TX
City: Carrollton
Zip Code: 75007
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
As the Director of Asset Management, you will support regional Asset Management leadership in preparing long-term investment plans, managing financial modeling, mitigating risk, and executing asset-specific strategies. You will collaborate with internal teams—including Property Operations, Construction, Investments, Market Research, and Corporate Finance—to identify and implement innovative ways to maximize asset value and performance.
Key Responsibilities:
Asset Management & Value Creation:
Oversee asset management activities for a portfolio of multifamily communities owned by AvalonBay and joint venture investors.
Identify NOI-enhancing opportunities such as amenity monetization, revenue generation, and parking asset optimization.
Analyze market data and asset performance to develop strategic value-add initiatives.
Oversee capital investment programs, including feasibility analysis and execution.
Collaborate cross-functionally to define key performance indicators (KPIs) and track portfolio performance against competitors and market trends.
Manage assets with complex ownership structures, including HOA-related matters.
Asset Investment & Long-Term Planning:
Develop and maintain 10-year cash flow projections for strategic asset planning.
Coordinate CapEx planning with Operations, Engineering, and Construction teams.
Present business plans and financial models to leadership for decision-making.
Work with Investment and Operations teams to identify disposition candidates and hold strategies.
Education & Experience:
Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred.
7+ years of experience in asset management, acquisition underwriting, or property management, preferably in multifamily real estate.
Technical & Analytical Skills:
Strong financial acumen with expertise in valuation, financial modeling, and real estate investment analysis.
Proficiency in Excel and financial modeling software.
Understanding of property operations, capital planning, and real estate market dynamics.
Soft Skills & Leadership:
Strategic thinker with a hands-on approach to asset management.
Strong communication and presentation skills, with the ability to engage internal and external stakeholders.
Ability to manage projects, prioritize tasks, and drive results in a fast-paced environment.
Experience managing external consultants and vendors.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Job ID JR104055- You have 0 recently viewed jobs
