Director Asset Development Jobs (NOW HIRING)

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Overview:

Vivmark Residential exists to set the mark for what home can be. Formed through the merger of AvalonBay Communities and Equity Residential, Vivmark brings together two industry leaders with a shared commitment to excellence, innovation, and delivering exceptional living experiences. Our vision is to be the most trusted and best-performing rental housing company in America - one that continues to get better as it grows. And we're looking for people who want to help us do it.

As an owner, developer, and manager of more than 180,000 apartment homes in major markets across the US, we have the scale to offer something most companies can't. At Vivmark, team members move up and across functions, markets, and disciplines, building lasting careers. We invest in team members' growth, development, and capabilities that make them and us better, and we hold ourselves to the highest standard as an employer.

The best people want to work here. We hope you're one of them.

The Role:

Vivmark Residential is seeking a Director, Asset Management to lead strategy and performance for a portfolio of multifamily communities. This is a highly visible role responsible for maximizing asset value through operational performance, capital investment, revenue optimization, and long-term portfolio planning.

Reporting into senior leadership, the Director will serve as the strategic owner of assigned assets, partnering closely with Operations, Investments, Development, Construction, and Finance teams to drive investment decisions and enhance portfolio returns. The ideal candidate combines strong real estate investment expertise with a deep understanding of multifamily operations and a proven ability to influence stakeholders across the organization.

What You'll Do:

Lead Asset Performance & Value Creation

• Oversee asset management activities for a portfolio of multifamily communities owned by Vivmark Residential and its investment partners

• Develop and execute strategies that drive Net Operating Income (NOI) growth, including amenity monetization, revenue enhancement initiatives, parking optimization, and operational improvements

• Analyze market conditions, competitive positioning, and asset performance to identify opportunities for value creation

• Establish and maintain strategic business plans for each asset and submarket, incorporating operating performance, capital needs, market dynamics, and long-term investment objectives

• Monitor portfolio performance through key financial and operational metrics, making recommendations to improve results and maximize returns.

• Manage assets with complex ownership structures, including joint ventures and HOA-related matters

Drive Investment & Capital Allocation Decisions

• Lead the evaluation and execution of major capital investment and repositioning initiatives

• Develop ROI analyses, investment recommendations, and business cases for leadership approval

• Oversee implementation of approved projects and measure post-investment performance against expected outcomes

• Create and maintain long-range asset strategies, including 10-year cash flow projections and investment scenarios

• Partner with Operations, Engineering, and Construction teams to prioritize capital expenditures and optimize investment returns

• Evaluate hold, reinvestment, redevelopment, and disposition strategies through market analysis, asset forecasting, and risk assessment

• Present strategic recommendations and financial analyses to executive leadership and investment committees

Partner Across the Business

• Collaborate with Investments and Development teams on acquisition, development, disposition, and redevelopment opportunities

• Support underwriting, due diligence, investment committee materials, and transition planning as needed

• Build and maintain strong relationships with brokers, joint venture partners, consultants, lenders, and other key market participants

• Partner with cross-functional leaders to define and track portfolio KPIs and benchmark performance against market competitors

Lead Through Influence

• Provide leadership across multiple functions to ensure alignment on asset strategies and investment objectives

• Mentor and develop team members while fostering a culture of accountability, collaboration, and continuous improvement

• Influence decisions and drive execution across teams, even when operating without direct authority

What You'll Bring:

Experience

• Bachelor's degree required

• MBA, Master's in Real Estate, Finance, Economics, or a related discipline preferred

• 7+ years of progressive experience in asset management, real estate investments, acquisitions, underwriting, or multifamily operations

• Strong multifamily real estate experience required

• Experience working with institutional investors, joint ventures, or complex ownership structures preferred

Technical Expertise

• Advanced financial modeling, valuation, and investment analysis skills

• Deep understanding of multifamily operations, capital planning, and real estate market fundamentals

• Strong proficiency in Excel and financial analysis tools

• Ability to synthesize complex financial and operational data into actionable business recommendations

Leadership Competencies

• Strategic thinker with a hands-on, results-oriented approach

• Exceptional communication and presentation skills

• Proven ability to influence executive stakeholders and lead cross-functional initiatives

• Strong project management, organizational, and prioritization skills

• Experience managing consultants, vendors, and external partners

• Demonstrated ability to coach, mentor, and develop others

How Vivmark Supports You:

We know that our teams are the beating heart of our success and we're committed to showing our appreciation.

We offer:

• A competitive benefits package that supports your health, financial well-being, and work-life balance, including medical, dental, and vision coverage, a 401(k) with company match, paid vacation and company holidays, and exclusive team member housing discounts.

Additional Info:

Vivmark Residential 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.

Vivmark Residential 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.

Vivmark Residential will consider for employment qualified applicants with criminal histories in a manner consistent with requirements under the law.

Applications are being accepted on an ongoing basis.

Vivmark Residential does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application.

For California residents, if you elect to apply to Vivmark Residential you accept the Vivmark Residential California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)

No Fees Notice & Recruitment Fraud Disclaimer:

Vivmark Residential is aware that there is recruitment fraud activity whereby scammers impersonate Vivmark Residential and offer fake employment opportunities to candidates. These scammers often seek to obtain personal information or money from candidates.

Please note that Vivmark Residentialwill never charge any candidate a registration fee, hiring fee, or any other fee in connection with its recruitment and hiring process. If you suspect that you are being contacted by a scammer impersonating our company, please report it immediately to our official HR Department (avalonbayhumanresources@avalonbay.com).