Multifamily Asset Management Jobs (NOW HIRING)

Heitman is seeking a seasoned Asset Manager to join our North American Private Equity team. We're looking for a strategic and results-driven professional with deep expertise in the multifamily asset class to oversee and optimize performance across our clients' multifamily portfolios.

This highly collaborative role will require strong relationship-building skills and the ability to work cross-functionally with internal teamsincluding Portfolio Management, Acquisitions, and Financial Operations & Analysisas well as external partners such as joint venture stakeholders and third-party property managers. The ideal candidate will bring a proactive, analytical mindset and a passion for driving value across diverse assets.

Responsibilities include, but are not limited to:

• Manage a diverse real estate portfolio focused on Apartments, with strategic oversight and accountability for performance.
• Implement asset management strategies including income and expense forecasting, leasing plans, capital budgets, value creation initiatives, and risk-return analysis.
• Evaluate performance against budgets, business plans, and internal/external benchmarks, and proactively adjust strategies to optimize outcomes.
• Utilize data analytics to inform asset-level strategy, identify trends, and drive performance improvements.
• Establish leasing strategies and closely monitor property management teams and joint venture partners to ensure alignment and execution.
• Implement and monitor value-add strategies, including unit and common area renovation programs, ensuring initiatives are executed efficiently and result in accretive returns.
• Prepare and oversee annual budgets, valuations, appraisals, and leasing plans for assigned assets.
• Lead financial analysis and modeling to support asset-level decision-making and portfolio strategy.
• Assess current and projected performance of properties, identifying opportunities for enhancement or repositioning.
• Gain deep market expertise through site visits, industry analysis, and networking; collaborate with internal and external teams to adjust strategies based on market dynamics.
• Conduct regular property inspections to evaluate operational performance, assess business plan execution, and identify improvement opportunities.
• Support the acquisitions team by contributing market insights, leasing assumptions, and participating in due diligence for new investments.
• Serve as the primary relationship manager for joint venture partners, facilitating strategic alignment, reporting, and collaborative decision-making.
• Lead disposition efforts, including broker selection, pricing strategy, marketing oversight, and transaction execution.
• Assist in executing financings and refinancings, working closely with capital markets, legal, and finance teams.
• Prepare and present strategic recommendations and performance updates to senior leadership and investment committees.

Qualifications:

• Minimum 10 years of professional real estate experience with at least 5 years actively asset managing multifamily assets. Title and years of experience may vary based on scope and complexity of prior roles.
• Proven ability to define, develop, and execute asset management strategies, including oversight of third-party property management and joint venture partners.
• Strong understanding of value-add strategies, including unit and common area renovation programs, with a track record of delivering accretive returns.
• Experience leading disposition efforts and supporting financing/refinancing transactions, including coordination with capital markets, legal, and finance teams to ensure the financing closes successfully.
• Skilled in analyzing and interpreting market trends, third-party reports, and competitive surveys to inform strategic decisions.
• Deep knowledge of budgeting, financial reporting, and performance analysis, with the ability to identify operational improvement opportunities.
• Strong interpersonal and relationship management skills, with the ability to collaborate across internal teams and external partners.
• Effective communicator with the ability to clearly and professionally present complex issues both verbally and in writing.
• Familiarity with construction and redevelopment terminology, and a solid understanding of real estate capital projects.
• Experienced in investment due diligence, including providing market insights, leasing assumptions, and competitive positioning.
• Demonstrated leadership and mentoring capabilities, with the ability to guide and develop junior team members.
• Proficient in real estate valuation and appraisal techniques and processes.
• Advanced financial modeling skills (ARGUS, Microsoft Excel), with the ability to translate quantitative data into actionable insights; experience with Power BI is a plus.
• Experience working with legal documentation including management agreements, joint venture documents, loan agreements, Purchase and sale agreements and other asset-related legal instruments.
• Familiarity with apartment-focused proptech solutions and platforms, with an understanding of how technology can enhance operational efficiency and asset performance.

Job Location and Travel

• This position is based in our Chicago office.
• Our teams work in a hybrid environment and in-office days vary by team.
• Moderate to extensive travel required.

We are looking for great candidates who have a unique combination of experiences, traits, and talents. We couldn't describe you in a list of bullet points, so consider this posting a conversation starter. If you check some, but not all, of our boxes, we still want to talk! Please apply for this role if much of this job description describes you.