Irvine, California, United States · Hybrid
$180k–$200k/yr
Director of Asset Management - Multifamily 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 c…
Skills: Asset Management, Financial Modeling, Multifamily Real Estate, Budgeting And Forecasting, Yardi
Irvine, California, United States • Hybrid
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Lead day-to-day asset management for a multifamily portfolio to maximize revenue and investment returns while minimizing expenses. Oversee third-party property management activities, including budgeting, leasing, and capital improvement projects.
Requires a Bachelor's degree and 7-10 years of institutional real estate investment experience, with at least 5 years in the multifamily sector. Must possess advanced Excel financial modeling skills and a strong track record of value creation.
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.
The Director of Asset Management is responsible for leading the day-to-day asset management within the department. The responsibility includes maximizing apartment operating revenue and minimizing expense, while maintaining average occupancy at or above the MBK target for each project, while upholding MBK’s quality standards. This role will oversee third-party property management companies’ operational activities including, but not limited to, budgeting, forecasting, leasing, marketing, maintenance and capital improvement projects. Responsible for assessing leasing and maintenance personnel performance and employment. Responsible for leading MBK Rental Living analytics.
Secondary responsibilities include assisting in acquisition due diligence, organizational strategy and operational planning, participating in overall project design and market research.
Managing the asset management function of the company's multifamily portfolio to maximize investment returns:
Manage the analytics function of MRL:
Required Competencies/Licenses/Certifications:
Physical Demands & Work Environment:
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.
Luxury Living in the Best Locations
MBK Rental Living is a privately held real estate investment and development firm. Our integrated team of real estate professionals possesses a wealth of experience in the development and management of all product types in the rental housing market. Through a disciplined strategy and extensive market analysis, we are able to mitigate risk, increase efficiencies, and provide value-added solutions for sustained growth opportunities for our investors. Our goal is to build exceptional living spaces that anticipate and match the needs and lifestyles of each resident while achieving the best risk-adjusted returns possible for our investors. MBK Rental living proudly stands With Our World, a comprehensive program that seamlessly blends conscious design with high performance to provide healthier, more comfortable living environments for our residents. MBK Rental Living is a division of MBK Real Estate LLC., the U.S. real estate development investment arm of Mitsui & Co., Ltd., a multi-billion dollar, diversified Japanese investment company with operations in 63 countries. They are one of the world’s most respected companies and as a result, we stand on a platform of financial strength to compete effectively for the optimum development opportunities. Our corporate culture blends the honor and pride of Japanese tradition with the passion and ingenuity of American know-how. We strive to provide unmistakable real estate value and to build lasting relationships with our valued customers, investors, and partners.
Offices: 4 Park Plaza, #1700, Irvine, California 92614, US
Luxury Living in the Best Locations
MBK Rental Living is a privately held real estate investment and development firm. Our integrated team of real estate professionals possesses a wealth of experience in the development and management of all product types in the rental housing market. Through a disciplined strategy and extensive market analysis, we are able to mitigate risk, increase efficiencies, and provide value-added solutions for sustained growth opportunities for our investors. Our goal is to build exceptional living spaces that anticipate and match the needs and lifestyles of each resident while achieving the best risk-adjusted returns possible for our investors. MBK Rental living proudly stands With Our World, a comprehensive program that seamlessly blends conscious design with high performance to provide healthier, more comfortable living environments for our residents. MBK Rental Living is a division of MBK Real Estate LLC., the U.S. real estate development investment arm of Mitsui & Co., Ltd., a multi-billion dollar, diversified Japanese investment company with operations in 63 countries. They are one of the world’s most respected companies and as a result, we stand on a platform of financial strength to compete effectively for the optimum development opportunities. Our corporate culture blends the honor and pride of Japanese tradition with the passion and ingenuity of American know-how. We strive to provide unmistakable real estate value and to build lasting relationships with our valued customers, investors, and partners.
Offices: 4 Park Plaza, #1700, Irvine, California 92614, US
