Director, Asset Management

Overview

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

The Director of Asset Management is responsible for analyzing asset performance, identifying and executing value-creation and risk-mitigation opportunities, and driving initiatives that enhance community value and financial performance. This role partners closely with leaders across Operations, Construction, Investments, Development, and other corporate teams to optimize asset outcomes and ensure alignment with AvalonBay’s long-term investment strategy.

Key Responsibilities

Asset Management:

• Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners
• Collaborate across functions—including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility—to identify value-creation opportunities
• Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies
• Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value
• Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses
• Lead approval and execution of capital investment programs
• Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases)
• Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks
  
  
  

Asset Investment Planning

• Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance
• Coordinate immediate and long-term CapEx planning and ensure alignment with overall asset strategy
• Present business plans and performance projections to regional and corporate leadership
• Support hold/sell decision-making and portfolio optimization strategies
• Maintain proficiency in financial modeling and valuation techniques
  
  
  

Qualifications

• Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred
• 7+ years of experience in asset management, acquisitions, or property management—preferably within the multifamily sector
• Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics
• Demonstrated ability to navigate complex ownership structures and joint venture partnerships
• Exceptional communication, presentation, and organizational skills.
• Strategic thinker with hands-on execution capability; able to drive outcomes through influence and collaboration
• Proficiency in Microsoft Excel, Word, and PowerPoint
  
  
  

How AvalonBay Supports You

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

We Offer

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.

Growth based on achievement and promotion from within.

Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).

A 20% discount on our incredible apartment homes.

A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

Additional Info

AvalonBay 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.

AvalonBay 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.

Applications are being accepted on an ongoing basis.

AvalonBay 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 AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)