Director of Asset Management - Multifamily Development

Director of Asset Management - Multifamily Development

MBK Rental Living is active in the acquisition and development of apartment communities. The company's mission is to be the preeminent lifestyle developer focusing on creating communities that deliver value for their residents, partners, and investors. Throughout its 30-year history, MBK has earned a reputation for delivering award-winning customer satisfaction in housing that is innovative in design, comfort, sustainability, and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's companies span a wide spectrum of real estate development including apartments, industrial, and their senior housing divisions. MBK Rental Living is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1700, Irvine, CA 92614.

Job Description

Salary: $180,000-$200,000 + Bonus
3 days in office/2 days remote in our Irvine, CA HQ

Job Summary:

This is a high-impact opportunity for an experienced multifamily professional to take ownership of asset performance across MBK Rental Living’s portfolio, including stabilized communities, active lease-ups, and newly delivered developments. The Director of Asset Management will play a key role in driving revenue growth, occupancy, NOI performance, operating discipline, resident experience, and long-term value creation.

The ideal candidate will combine strong financial and analytical skills with practical operating judgment, the ability to lead through third-party property management teams, and the professionalism to work closely with senior leadership, joint-venture partners, lenders, and internal cross-functional teams. This role will support business planning, budgeting, forecasting, reporting, acquisition due diligence, market research, lease-up execution, and strategic initiatives that improve portfolio performance.

Supervisory Responsibilities:

• N/A

Duties & Responsibilities:

• Own asset performance across stabilized communities, lease-ups, and newly delivered developments, with accountability for revenue growth, occupancy, expense control, NOI performance, resident experience, and long-term value creation.
• Translate ownership objectives into clear operating plans, measurable performance targets, and disciplined execution with third-party property management teams.
• Lead recurring performance reviews to evaluate leasing velocity, pricing, concessions, renewals, delinquency, expenses, marketing effectiveness, service levels, and execution of key action items.
• Develop and implement asset business plans that improve revenue, reduce controllable expenses, strengthen resident retention, enhance operating consistency, and increase asset value.
• Oversee lease-up strategy for newly delivered communities, including pricing, concessions, marketing, operational start-up, turnover from construction, absorption pace, and stabilization planning.
• Analyze operating statements, rent rolls, leasing reports, market surveys, capital plans, and property-level KPIs to identify risks, trends, and actionable recommendations.
• Prepare executive-ready reporting for senior leadership, lenders, and joint-venture partners, clearly explaining performance drivers, risks, opportunities, and recommended actions.
• Lead budgets, reforecasts, financial models, KPI dashboards, and long-range business plans to support ownership decisions, cash flow projections, refinancing, dispositions, and value-creation strategies.
• Partner with acquisition, development, and construction teams on due diligence, underwriting assumptions, market research, competitive positioning, operational risks, and value-creation opportunities.
• Support dispositions, refinancing, recapitalizations, and investor reporting through asset narratives, performance summaries, due diligence materials, and responses to operational inquiries.
• Oversee third-party management agreements, vendor relationships, service contracts, and operating initiatives to improve performance, service quality, cost control, and accountability.
• Champion scalable systems, reporting tools, and process improvements that enhance portfolio oversight, data accuracy, workflow efficiency, and institutional-quality decision making.
• Build strong relationships with internal teams, third-party managers, joint-venture partners, lenders, consultants, and other stakeholders while operating with urgency, professionalism, sound judgment, and disciplined follow-through.

Education Requirements:

• Bachelor’s Degree required.
• MBA preferred.

Experience Requirements (in years):

• Minimum 7+ years of progressive multifamily real estate experience, including direct responsibility for asset performance, financial analysis, budgeting, forecasting, third-party property management oversight, and execution of business plans.
• Prior experience with lease-ups of new developments, or newly delivered multifamily communities is strongly preferred.

Required Competencies & Skills:  

• Advanced Excel financial modeling, forecasting, and scenario analysis skills.
• Proficiency with Microsoft Office Suite.
• Strong organization, attention to detail, and ability to manage multiple priorities.
• Self-motivated problem solver with sound judgment and deadline discipline.
• Professional, discreet, and credible with senior leaders, investors, partners, and cross-functional teams.
• Collaborative team player with a positive, solutions-oriented approach.
• Strong written, verbal, quantitative, and analytical communication skills.

Physical Demands & Work Environment:

• Must be mobile and able to perform the physical requirements of the job, bending, kneeling, stooping, pushing, pulling and repetitive motion.
• Ability to sit and work at a computer for long periods of time.
• Able to move intermittently throughout the workday and between divisions.
• Ability to lift/carry up to 30 lbs. and push up to 20lbs. as necessary.
• Some travel required; ability to travel on a periodic basis.

We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members.

If you are ready to meet the challenges of this critical role, we want to hear from you!

MBK is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason.  Our company is committed to providing access, equal opportunity and reasonable accommodation for qualifying individuals in employment, its services, programs, and activities. To request reasonable accommodation, contact talentacquisition@mbk.com. 

 

Regulatory Disclosures for Senior Living Communities with Medicaid Residents:   An “Excluded Party” is a person that the federal or state government found not eligible to provide care and services in a facility that receives Medicare or Medicaid funding.  If employed at one of our senior living communities that receives Medicare or Medicaid funding, team members must not be considered an “Excluded Party” as defined by the U.S. Department of Health and Human Services, any state Medicaid Programs, and any additional federal and state government contract programs.  If, as a team member, you learn that you are an Excluded Party at any time, you must present your Excluded Party notice letter to your supervisor immediately.  

 

Other Regulatory Requirements:  If employed at one of our senior living communities, team members must continually comply with certain laws and regulations that impact the company, including, but not limited to, as applicable, state licensing regulations, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Resident Rights as defined by the U.S. Department of Health and Human Services, and any other federal or state laws relating to team members’ professional licenses

HIPAA Disclosure:

 

All Team Members prior to commencing employment and once employed must not be considered an “Excluded Party” as defined by the Medicare and state Medicaid Programs as well as other federal and state government contract programs. If as an associate you learn you are an Excluded Party, you must present your Excluded Party notice letter to your supervisor immediately. An Excluded Party is a person that the federal or state government found not eligible to provide care and services in a Community that receives Medicare or Medicaid funding. In addition, at all times, during your employment, all associates must be in compliance with certain laws and regulations that affect the company, including but not limited to Resident Rights, HIPAA, State licensing regulations, and those laws relating you an associates’ professional license.