Asset Management

Your Job

If acquisitions is the tip of the spear, then asset management is the stick. Asset managers are responsible for ensuring that, after the acquisition, the asset actually performs as it should.

An asset manager is not involved in day-to-day details of running the property, but rather takes a broader view to ensure that the property’s overall goals and objectives are met. The day-to-day activities are left to property managers.

The junior asset manager’s main jobs include:

• Preparing annual and quarterly financial statement analyses for your portfolio with explanations of budget variances
• Assisting with the negotiation and analysis of major new leases or lease renewals
• Performing hold/sale analyses on properties and assisting with the disposition of assets
• Ensuring major capital projects are completed within the budget and on time
• Creating property action plans for troubled properties
• Traveling with the asset manager on annual property inspections

Typically, asset managers are assigned to a group of properties within a geographic region. As a junior asset manager, you will likely be assisting an asset manager with his/her portfolio before becoming responsible for your own portfolio.

​Asset managers tend to have a better "work-life balance" than their counterparts in acquisitions due to the non-transactional nature of the job. Asset managers are typically paid less than their counterparts in acquisitions.

Interview with an Asset Manager

This interview is coming soon!

Career Path

Analyst (0-3 years)
Associate (3-5 years)
Vice President (5-8)
Director (8-11)
Managing Director (9+) 

Compensation

Real estate compensation is highly dependent on location, type of real estate company, and company size.

Analyst: $60k base + 10% bonus
Associate: $90k base + 20% bonus
Vice President: $140k base + 30% bonus
Director: $175k base + 40% bonus
Managing Director: $225k base + 50% bonus