Multifamily Asset Manager

ABOUT STONEHILL COMMUNITIES Stonehill Communities is a fully integrated private real estate development and investment firm headquartered in Las Vegas. The platform does three things: develops institutional-quality multifamily communities from the ground up, acquires existing multifamily and manufactured housing communities in high-growth markets, and manages the portfolio in-house to drive long-term performance. Every investment is executed from sourcing and underwriting through construction, operations, and disposition, across value-add, mark-to-market, and core-plus strategies. THE ROLE The Asset Manager owns performance across a growing portfolio of stabilized and lease-up multifamily communities and manufactured housing communities, including park-owned homes, and serves as the firm's primary check on property operations. You will set the business plan for each asset, hold operations accountable to it, and give the firm a clear read on where every asset stands against underwriting. WHAT YOU'LL DO Performance oversight• Own the business plan for each assigned asset, from takeover through stabilization and disposition• Track actual performance against underwriting on rents, occupancy, concessions, operating expenses and NOI, and explain variances• Build and maintain reforecasts, and flag when an asset is off plan early enough to correct it Property manager oversight• Oversee multiple third-party managers and review each monthly management package (box score, rent roll, monthly report) line by line• Review daily and weekly leasing reports, including lead-to-tour conversion, follow-up standards and screening decisions• Run regular leasing and performance calls, set the agenda and hold the follow-ups• Conduct site visits and issue a written report with a punch list and assigned owners after every visit• Approve pricing strategy, renewal programs and concession structures Revenue and residents• Build renewal and rent increase plans, including tiered increases, notice timing and resident communication• Maintain market studies beyond rent comps: new supply, lease-up tracking, concession monitoring and rent vs. own analysis• Manage marketing programs and vendors, source quotes and approve spend• Audit pricing, concessions and availability across the website and third-party listing sources Manufactured housing• Oversee MH community operations, including lot rent strategy, occupancy, collections and infrastructure capital projects• Manage park-owned home inventory, including sales, rentals, turns and replacement strategy• Track regulatory and tenancy requirements for manufactured housing in each jurisdiction Reporting• Produce monthly and quarterly asset reports and investor updates with sourced figures and stated assumptions• Run weekly calls with JV and operating partners and own the follow-ups• Turn around ownership data requests quickly with sourced numbers• Present performance and recommendations to the investment committee and capital partners• Maintain rent comp sets and submarket data, and benchmark operating expenses against peers Budgets and capital• Lead the annual budget process with each PM and defend the result internally• Scope, underwrite and oversee value-add and capital projects; track spend and measure the return actually achieved• Review and approve draws, invoices and variance reports Transactions• Support acquisition underwriting and diligence with operating assumptions grounded in portfolio experience• Run operational onboarding at closing, including systems setup and the takeover plan• Build and execute hold/sell analyses and support dispositions Debt, cash and compliance• Support debt placement and refinancing, including lender quote matrices and term sheet comparisons• Track lender and escrow requirements: repair closeouts, escrow releases, lien waivers, DACA and bank account setup• Manage cash across entities and flag funding needs or distributable cash• Monitor loan covenants, DSCR tests, reserves and lender reporting• Track insurance, property tax appeals and real estate tax exposure by jurisdiction• Support cost segregation studies and related tax work with outside advisors WHAT YOU BRING Required• 4 to 8 years in multifamily or manufactured housing asset management, acquisitions or operations• Ability to read a rent roll and a T12 and tell an owner what is actually happening• Advanced Excel: you build models rather than fill them in, and you can defend every assumption• Experience overseeing multiple third-party property management teams at once• Working knowledge of net effective rent, loss-to-lease, trade-out, economic and physical occupancy, bad debt and expense categorization• Bachelor's degree in real estate, finance, accounting, economics or a related field• Willingness to travel and run a site walk that produces a punch list, not just notes Preferred• Manufactured housing experience, including park-owned home operations• Yardi, RealPage or AIRM, Funnel and rent comp platforms• Lease-up and new-construction takeover experience• JV or institutional investor reporting experience• Exposure to Sun Belt and Mountain West markets• Enough development or construction exposure to engage credibly with a GC and project team COMPENSATION AND BENEFITS • Competitive base salary and annual performance bonus, commensurate with experience• Medical, dental and vision, with employer contribution to premiums• 401(k) with company match• Unlimited PTO• Travel reimbursement, professional dues and continuing education Applications are reviewed on a rolling basis until the role is filled. Stonehill Communities is an equal opportunity employer. #hiring #assetmanagement #multifamily #manufacturedhousing #realestate #CRE