Director of Asset Management

Director of Portfolio Management — Value-Add Multifamily

Denver, CO | On-site

Bullpen is partnering with a private real estate investment firm to hire a Director of Portfolio Management to lead the performance and execution of its value-add multifamily portfolio.

This is a hands-on leadership opportunity combining portfolio oversight, financial analysis, and property-level execution. The Director will evaluate performance across investments, prioritize operational and capital initiatives, and work closely with property management partners to improve NOI, cash flow, and investment returns.

The ideal candidate brings owner-side multifamily experience and can connect individual property decisions to broader portfolio objectives. A background in acquisitions, underwriting, or real estate finance is strongly preferred.

What You’ll Do

• Lead portfolio performance: Evaluate results across multifamily investments, identify underperformance, and establish priorities to improve operating results and investment returns.
• Own asset business plans: Oversee execution of property-level strategies, track performance against acquisition underwriting, and adjust plans as market conditions and operating results evolve.
• Drive operational improvements: Monitor occupancy, leasing, rents, concessions, collections, renewals, and expenses to identify trends and opportunities across the portfolio.
• Direct property management partners: Set expectations for regional and onsite teams, review results, and hold partners accountable for execution.
• Prioritize capital investment: Oversee renovation and capital improvement programs, evaluating budgets, schedules, renovation premiums, and returns on invested capital.
• Lead financial oversight: Review property and consolidated portfolio financials, budgets, forecasts, cash flow, and variance analysis.
• Support investment decisions: Evaluate operating assumptions, capital needs, and business-plan alternatives to inform portfolio strategy and investment recommendations.
• Partner with acquisitions: Support underwriting and due diligence, validate operating assumptions, and coordinate the transition of new investments into the portfolio.
• Maintain property-level visibility: Visit assets to assess operations, review renovation progress, and resolve execution challenges.
• Strengthen team capabilities: Mentor team members and improve portfolio reporting, processes, and accountability.
• Communicate with leadership: Present portfolio results, key risks, and actionable recommendations to senior leadership.

What We’re Looking For

• Approximately 7–10 years of relevant real estate investment experience , including direct owner-side multifamily asset or portfolio management responsibility.
• A track record executing value-add multifamily business plans across multiple assets, including renovations, operational improvements, and asset turnarounds.
• Ability to assess performance at both the property and portfolio levels, identify trends, and prioritize actions based on investment impact.
• Strong financial modeling and underwriting skills, including analysis of cash flow, capital requirements, and investment returns.
• Experience overseeing budgets, forecasts, variance analysis, and performance against original underwriting.
• Experience directing property management partners and overseeing renovation or capital improvement programs.
• Ability to clearly explain investment recommendations, actions taken, and their measurable impact on NOI and returns.
• A hands-on, accountable leadership style and comfort working in an entrepreneurial environment.
• A background in acquisitions, underwriting, or real estate finance followed by meaningful asset or portfolio management experience is strongly preferred.

Apply or reach out directly for a confidential conversation.