Senior Associate, Asset Management

Who We Are | Bluevale Capital   

Bluevale Capital is a boutique, real estate private equity firm that specializes in value-add, development and special situational multi-residential projects. Over the past two years, the firm has completed over $250M of transactions with the intention of creating a $1B+ real estate fund over the next 2-3 years. By working with government leaders, and by partnering with our sponsors and lenders, the company’s vision is to create 10,000+ residential units with a focus on tackling the affordable housing crisis in North America. We are currently putting together a stellar team that will help achieve this goal.   

Position Summary 

The Senior Associate, Asset Management will oversee a Connecticut-based multifamily portfolio with primary responsibility for third-party property management supervision and lease-up execution. This role is accountable for driving asset-level performance, maximizing Net Operating Income, protecting asset value, hitting lease-up targets, and ensuring operational discipline across stabilized and lease-up properties. 

The position serves as the Owner’s on-the-ground representative in Connecticut and operates as the primary liaison between ownership and third-party property management. The Senior Associate reports to the Director of Asset Management and works closely with finance, development, and capital partners. 

This is a hands-on role in a fast-moving, entrepreneurial environment, requiring strong financial acumen, operational rigor, and demonstrated lease-up experience in multifamily assets. There is substantial opportunity to grow in this role; you will initially focus on lease-up and stabilization of a small number of assets in Connecticut and then scale to oversee a larger portfolio in Connecticut with potential expansion across the Northeast.   

Core Responsibilities 

Third-Party Property Management Oversight 

• Act as primary owner representative for all Connecticut assets 
• Oversee third-party property management (3PPM) performance and enforce contractual obligations 
• Conduct regular site visits and operational reviews 
• Review and approve annual operating budgets and reforecasts 
• Monitor monthly financial statements, identify variances, and implement corrective action plans 
• Oversee capital expenditure execution and ensure budget adherence 
• Enforce reporting cadence and operational KPIs 

Lease-Up Strategy & Execution 

• Lead lease-up strategy for new and repositioned multifamily assets, both directly and overseeing 3PPM led lease-ups 
• Develop and adapt pricing strategy, concessions framework, and absorption targets 
• Monitor leasing velocity, conversion rates, and traffic metrics 
• Coordinate with marketing to optimize cost per lead and cost per lease 
• Evaluate and adjust leasing incentives to achieve occupancy targets 
• Drive stabilization milestones in accordance with underwriting 
• Jump in as needed on the ground to ensure lease up success 

Financial & Performance Management 

• Analyze asset-level performance including NOI, margin trends, and expense ratios 
• Evaluate rent roll trends, market comparables, and pricing strategy 
• Model lease-up scenarios and sensitivity analyses 
• Support refinancing, lender reporting, and valuation processes 
• Identify and execute revenue optimization and cost containment initiatives 

Capital Projects & Value Creation 

• Oversee execution of value-add initiatives 
• Partner with construction and development teams on capex planning 
• Track ROI on capital improvements 
• Ensure timely completion of unit renovations tied to leasing strategy 

Compliance & Risk Management 

• Ensure compliance with local and state multifamily regulations 
• Monitor fair housing adherence and operational compliance 
• Review insurance coverage and risk mitigation protocols 
• Identify operational risks and escalate material issues to leadership 

Qualifications 

• 4-6 years of experience in multifamily asset management 
• Demonstrated lease-up experience and success in multifamily residential 
• Direct experience overseeing third-party property management 
• Strong financial modeling and analytical capabilities 
• Deep understanding of multifamily operating metrics including occupancy, NOI, leasing velocity, concessions, and capex ROI 
• Experience with lender reporting and refinancing processes 
• Strong negotiation and stakeholder management skills 
• Willingness to travel within Connecticut for frequent site visits 

Preferred: 

• Experience with value-add or adaptive reuse projects 
• Exposure to institutional ownership structures 
• Proficiency in Yardi or similar property management systems