Job: Multifamily Property Asset Manager

Title Multifamily Property Asset Manager
Salary DOE
Location Salt Lake City, UT
Job Information


Responsible for the overall performance of the multifamily residential asset property portfolio. Responsible for setting and implementing financial, business, and management strategies/tactics for all physical real estate multifamily assets inside Utah. Maintains the objective of maximizing the value of the assets. Oversees a team of property managers and responsible for financing decisions, leasing programs, disposition activities, capital improvement programs, asset management plans, property management review, and owner communications.


  • Oversee team of property managers to ensure real estate assets are consistent with overall objectives
  • Develop annual asset business plans, operating/capital budgets to achieve investment strategies
  • Recommend higher utilization of assets and methods to increase overall return, including possible sales
  • Prepare accurate valuations, market/accounting analyses to support business plans/budgets
  • Select, direct, and evaluate property managers, leasing agents, and other third-party service providers to achieve goals established in the investment strategy
  • Maintain a reliable asset-level information system as it relates to the central filing system, various contracts, management reports, analyses, and other documents or materials pertaining to the asset
  • Advise property managers on securing resident, analyzing and negotiating leases or transactions, and quickly resolving day-to-day management problems
  • Conduct periodic on-site property inspections


  • Bachelor’s degree in business management, finance, economics, or related field required
  • MBA/MRED or other master’s degree preferred
  • 10+ years multifamily residential asset management experience required
  • Ability to make effective decisions in response to changes in real estate markets
  • Strong analytical skills and sound understanding of time-value-of-money concepts
  • Excellent working knowledge of real estate finance, economics, market analysis, financial statements, and applicable markets
  • Strong communication skills, both oral and written
  • Solid real estate judgement and strong quantitative analysis skills
  • CCIM or CFA certification a plus
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