Nitze-Stagen & Company, Inc. ยท 1 day ago
Asset Manager
Greater Seattle Area
Full-time
Onsite
Mid, Senior Level
3+ years expNitze-Stagen & Company, Inc. is seeking a motivated and experienced Asset Manager to oversee a portfolio of multifamily, flex industrial, and office properties. The role involves operational oversight, financial analysis, and capital planning to optimize asset performance and value while collaborating with various stakeholders.
CommercialProperty DevelopmentReal Estate Investment
Responsibilities
Directly oversee a portfolio of multifamily assets, ensuring operational excellence, tenant satisfaction, and financial performance
Collaborate effectively with and oversee third-party property management firms to achieve property goals and adhere to budgets
Coordinate lease-ups for newly developed properties, ensuring compliance with governing requirements (MFTE and MHA)
Grow into managing select few commercial and flex-industrial assets over time
Monitor market conditions and adjust strategies to optimize asset performance
Track trends in real estate, construction, and operations to inform decision-making
Develop and implement leasing strategies and work with Property Manager to maintain high occupancy levels
Support Acquisitions team in underwriting new acquisitions and evaluating various investment opportunities
Ensure compliance with federal, state, and local real estate regulations, including Fair Housing and HUD guidelines
Ensure property managers identify/resolve life-safety issues and manage insurance claims
Represent ownership in public meetings and maintain relationships with regulatory agencies
Oversee capital improvement projects, including budgeting, and project execution
Partner with construction and development teams to ensure projects are completed on time and within budget
Identify and implement value-add opportunities, including renovations and upgrades to both common areas and apartment units
Prepare and facilitate loan draws as required to fund capital expenditures
Prepare and deliver reports and presentations for investors, lenders, and other stakeholders and respond to investor inquiries on asset performance
Serve as a liaison between property management, development, and financial teams to ensure cohesive execution of business plans
Review annual business plans, operating budgets, and financial forecasts
Generate or work with third-party service providers to produce monthly, quarterly, and annual financial and performance reports for internal stakeholders and investors
Create and maintain asset management tools to consistently track and analyze asset performance over time
Analyze financial statements, market studies, and other data to identify opportunities for improvement while managing project cash flows to ensure long-term financial resilience
Qualification
Required
Bachelor's degree in finance, real estate, business, or a related field
3-5 years of experience in property or asset management role with emphasis on multi-family leasing and managing capital improvement plans
Proficiency in budgeting and reporting
Strong communication/interpersonal skills to build relationships with diverse stakeholders
Proven ability to manage multiple projects, prioritize tasks, and meet deadlines in a fast-paced environment
Expertise in Microsoft Office Suite, property management software (e.g., Yardi, AppFolio), and financial tools
Ability to be in-office most days of the week with flexibility to regularly visit portfolio properties throughout the region
Preferred
Knowledge of Seattle's and Washington State's affordable housing programs preferred
Benefits
Comprehensive benefits package, including health, dental, and vision insurance.
Opportunities for professional development and career advancement in a collaborative and supportive work environment.
Company
Nitze-Stagen & Company, Inc.
Nitze-Stagen is a multi-generational, integrated real estate investment firm focused on adaptive reuse, mixed-use residential and commercial value-add projects.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Peter A. Nitze
Chief Executive Officer
Recent News
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