Vice President of Asset Management- Multifamily presso Bluecrest Residential

Description

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Bluecrest Residential (“Bluecrest”) is a privately owned real estate investment company founded in 2004. Bluecrest principals have owned and operated a multifamily portfolio totaling more than 16,000 units and in high-growth secondary markets. Bluecrest’s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.

Since 2018, Bluecrest principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecrest principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception. Going forward, Bluecrest is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.

We are adding a Vice President of Asset Management to our team to align investment objectives with operational execution, ensuring the portfolio delivers both financial performance and long-term value. This person will lead quantitative and qualitative analyses to guide property-level and portfolio-wide strategy, oversee all institutional reporting, and serve as a key liaison between internal leadership and external partners on asset-related initiatives.

Responsibilities

Institutional Investor Reporting and Relations:

• Creation of asset management reports with market commentary, asset performance commentary and plans of action to drive higher asset value.
• Develop and deliver comprehensive quantitative KPI reporting on property level metrics including but not limited to leasing trends, operating performance and market analyses.
• Provide high-level qualitative analyses and insights on; property team performance, marketing strategy, capital improvements/progress, financing strategy, hold-sell strategy, distributions and capital calls.
• Execute all reporting requirements for institutional investors, proactively addressing abnormalities and questions investors may have from the given information and updates.
• Effectively present information to and respond to questions from the Investment Committee, investors, lenders, and partners.

Acquisition & Investment Evaluation:

• Optimize underwriting assumptions, providing insights to all asset management elements as the liaison between the investment and property management team.
• Contribute directly to developing a strategic business plan for new investments and provide key asset management insights throughout the acquisition process.
• Provide an expert recommendation on company-wide investment decisions as a member of the Investment Committee.

Portfolio Asset Management & Collaboration:

• Partner with cross-functional teams to formulate and implement short- and long-term asset management strategies, ensuring alignment between investment goals and property-level  operational performance.
• Provide executive leadership in collaboration with operations teams to drive the annual budgeting and forecasting process, reviewing and approving budgets across the full portfolio.

Requirements

• Bachelor's Degree in Finance, Economics, Accounting, Business or related field required. MBA or Master's degree preferred.

• You have five plus of experience as an Asset Manager or above in multifamily real estate.
• You have experience working for a multifamily ownership group as an Asset Manager or Asset Management leader.
• You have experience working directly with institutional investors as the primary contact.
• You have experience completing institutional level investor reporting on a monthly, quarterly and yearly basis.
• You have experience leading investor updates and presenting information to institutional investment groups.
• You have experience completing analysis at the fund or portfolio level.
• You have excellent interpersonal and communication skills.

Benefits

Competitive Salary- The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be the number of years the candidate has as a Multifamily Asset Manager or above (Director, VP, SVP).

Bonuses- This role may participates in short-term performance-based bonuses and have a long term compensation incentive plan.

Paid Time Off- Unlimited DTO starting upon hire.

Mentorship- Work with an experienced team of multifamily investment professionals.

Holiday Pay- 10 full paid holiday.

Paid Volunteer Hours- 8 hours of paid volunteer time you can use throughout the year.

Housing Discounts- 25% off rent available for all employees off any unit.

Comprehensive Insurance Benefits- Medical PPO, HDHP, FSA, HSA with employer match

Dental, Vision, STD, & LTD.

Retirement Plan- 401K with a 25% company match up to 6%.

Certification Reimbursement- Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!

Tech Forward & Transparent Culture- Innovative internal software to make your job easier!

Cultural Appeal- We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!

EOE