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Vp, asset management, multifamily

Heitman

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Location:
United States, Chicago

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Category:
Real Estate

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Contract Type:
Not provided

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Salary:

145000.00 - 185000.00 USD / Year

Job Description:

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 teams—including Portfolio Management, Acquisitions, and Financial Operations & Analysis—as 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.

Job Responsibility:

  • Manage a diverse real estate portfolio focused on Apartments
  • 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
  • Utilize data analytics to inform asset-level strategy
  • Establish leasing strategies and closely monitor property management teams and joint venture partners
  • Implement and monitor value-add strategies
  • Prepare and oversee annual budgets, valuations, appraisals, and leasing plans
  • Lead financial analysis and modeling to support asset-level decision-making
  • Assess current and projected performance of properties
  • Gain deep market expertise through site visits, industry analysis, and networking
  • Conduct regular property inspections
  • Support the acquisitions team by contributing market insights, leasing assumptions, and participating in due diligence
  • Serve as the primary relationship manager for joint venture partners
  • Lead disposition efforts
  • Assist in executing financings and refinancings
  • Prepare and present strategic recommendations and performance updates to senior leadership and investment committees

Requirements:

  • Minimum 10 years of professional real estate experience
  • At least 5 years actively asset managing multifamily assets
  • Proven ability to define, develop, and execute asset management strategies
  • Strong understanding of value-add strategies
  • Experience leading disposition efforts and supporting financing/refinancing transactions
  • Skilled in analyzing and interpreting market trends
  • Deep knowledge of budgeting, financial reporting, and performance analysis
  • Strong interpersonal and relationship management skills
  • Effective communicator
  • Familiarity with construction and redevelopment terminology
  • Experienced in investment due diligence
  • Demonstrated leadership and mentoring capabilities
  • Proficient in real estate valuation and appraisal techniques
  • Advanced financial modeling skills (ARGUS, Microsoft Excel)
  • Experience working with legal documentation
  • Familiarity with apartment-focused proptech solutions and platforms

Nice to have:

Experience with Power BI

What we offer:
  • Competitive compensation
  • Annual bonus plan
  • Leading-edge, human-centric benefits package

Additional Information:

Job Posted:
December 09, 2025

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:
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