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Asset Management Associate

Preserve Partners

Multifamily

Salt Lake City, UT

Salary Estimate: $100,000.00 - $124,999.00

Employment Type: Full Time

Work Place: Office

Experience Required: 5+ to 7 years

Education Required: 4 Year College

Benefits

Job Description

Position Summary

Preserve Partners (“Preserve”) is a private real estate investment firm with approximately $800 million in assets under management, specializing in multifamily investments across the U.S. Founded in 2015 and headquartered in Salt Lake City, Preserve is committed to long-term value creation through thoughtful stewardship of both capital and community.

We are seeking an Asset Management Associate to join our team with a core focus on our affordable housing portfolio, which spans multiple markets and is central to our future growth. The Associate will be responsible for asset-level strategy, oversight, and performance across a portfolio of affordable multifamily properties. The role includes collaboration with institutional joint venture partners, third-party property managers, internal teams, and consultants to ensure strong financial performance and mission-aligned execution.

This role offers a significant opportunity to help shape and scale a key focus area of the firm. The preferred location is Salt Lake City, UT at our headquarters, though San Francisco, CA is an option for the right candidate.

Qualifications & Experience

Bachelor’s degree required; Master’s in Real Estate, Finance, or Business preferred.
Minimum of 5 years of experience in real estate, with at least 3 years in multifamily asset management; affordable housing experience strongly preferred.
Demonstrated success managing institutional-quality assets and value-add strategies.
Deep understanding of real estate financial modeling, underwriting, and valuation techniques.
Proficiency in Excel, PowerPoint, and financial reporting tools; experience with Yardi or similar platforms is a plus.
Strong leadership and interpersonal skills with an ability to work across functional teams and external partners.
Excellent verbal and written communication skills, with the ability to translate complex financial concepts into actionable insights.
Travel required up to 25% of the time, including extended site visits as needed.

Key Responsibilities

Develop and implement strategic business plans to maximize net operating income (NOI) and long-term asset value.
Lead the day-to-day asset management of a portfolio of affordable multifamily assets, including oversight of third-party property management firms.
Review and approve property-level budgets, financial statements, capital plans, and leasing strategies.
Manage all aspects of property performance including occupancy, revenue growth, and expense control.
Coordinate with internal construction teams on capital improvement programs, renovation scopes, and timeline execution.
Participate in refinance, disposition, and recapitalization events across the affordable portfolio.
Monitor market dynamics and regulatory trends in affordable housing to inform investment strategy and compliance.
Collaborate with the Investments team during due diligence to assess operating assumptions, staffing, and market viability.
Prepare and lead quarterly asset reviews, investor reporting, and joint venture updates.
Maintain proactive communication with JV partners, lenders, consultants, and internal stakeholders.

Ideal Candidate Attributes

Entrepreneurial mindset with a hands-on, proactive approach to asset management.
Strategic thinker who thrives in a fast-paced, high-accountability environment.
Strong problem-solving and decision-making capabilities.
Maintains composure under pressure and adapts well to changing priorities.
Embodies Preserve’s core values: Humility, Resourcefulness, Honesty, and Effort.

Compensation & Benefits

Preserve offers a competitive compensation package including:

Base salary and performance-based bonus
Equity vesting through participation in the Preserve Promote Plan
100% employer-paid health insurance for employees
401(k) plan
20 days of PTO plus 12 company holidays
Professional development opportunities and a collaborative, values-driven work culture

Asset Management