Asset Management Analyst (Multifamily Real Estate)
Location: 100% REMOTE Source: remoteok
About Bluecore Residential
Bluecore Residential is a privately owned real estate investment company headquartered in Newport Beach, CA. Our principals have owned and operated a multifamily portfolio totaling more than 16,000 units located in high-growth secondary markets. Our competitive advantage stems from our long-standing industry relationships and our fully integrated property management, asset management, and data analytics platform.
Since 2018, Bluecore principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecore principals were the largest seller of multifamily in the US and have consistently delivered exceptional results, with deal-level IRRs exceeding 30% annually since inception. Going forward, we are looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.
About the Role
Bluecore is adding an Asset Management Analyst to sit at the intersection of Operations and the Investment team. This role offers direct exposure to our Founders and senior leadership. You will support budgeting, underwriting analysis, and operational performance monitoring across our multifamily portfolio. This role is responsible for ensuring that asset-level operating performance is measured against underwriting assumptions and annual budgets—and for explaining variances. This is a high-visibility seat with a strong pathway into asset management or acquisitions.
Key Responsibilities
Asset Management
- Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and comparable property performance.
- Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performance.
- Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans.
- Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups.
- Extract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysis.
Analyze Underwriting
- Analyze underwriting budgets and operating assumptions for multifamily assets at acquisition and throughout the hold period.
- Support investment reporting materials, including memos, return analysis, and scenario modeling.
- Assist in due diligence processes, including review of third-party reports and financial data.
Budgeting
- Support the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property Management.
Investor Reporting
- Support investor reporting with asset-level performance narratives and supporting schedules.
- Assist Asset Management with hold/sell analyses, refinancing support, and business plan updates.
AI & Process Optimization
- Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline analysis, underwriting, reporting, and workflows.
- Help develop and refine internal processes to improve efficiency and scalability.
- Identify opportunities to automate recurring analyses and enhance data quality.
Requirements
- Bachelor's degree in Finance, Economics, Accounting, Business, or a related field.
- 1-4 years of experience in multifamily or commercial real estate (asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered).
- Strong financial modeling skills in Excel, including the ability to build and audit models.
- Familiarity with multifamily operating statements and key metrics, including NOI, economic occupancy, trade-outs, and expense ratios.
Preferred Requirements
- Exposure to AI tools for investment workflows.
- Experience with Yardi, RealPage, Entrata, or comparable property management systems.
Benefits
- Performance Bonuses: Our corporate team participates in performance-based bonuses.
- Paid Time Off: Unlimited DTO starting upon hire.
- Mentorship: Work with an experienced team of multifamily investment professionals.
- Holiday Pay: 10 full paid holidays.
- Paid Volunteer Hours: 8 hours of paid volunteer time per year.
- Housing Discounts: 25% off rent available for all employees on any unit.
- Comprehensive Insurance Benefits: Medical PPO, HDHP, FSA, HSA with employer match, Dental, Vision, STD, & LTD.
- Retirement Plan: 401K with a 25% company match up to 6%.
- Travel & Personal Discounts: Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).
- Certification Reimbursement: Full reimbursement for approved industry-related certifications, including CAM, CPO, EPA, and more.
- Tech Forward & Transparent Culture: Innovative internal software to make your job easier.
- Cultural Appeal: We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters.
EOE