Senior Managing Director - Asset Management

Senior Managing Director – Asset Management

CALCAP Advisors | Pasadena, CA Preferred | Nationwide Search | Full-Time

About CALCAP Advisors

Founded in 2008, CALCAP Advisors is an established real estate investment and asset management firm specializing in multifamily and workforce housing investments across the United States.

With more than $1.4 billion in real estate transactions and over $650 million in equity raised, CALCAP has built an investment platform focused on acquiring, repositioning, and managing multifamily communities to create long-term value for investors.

As we position the firm for its next phase of growth, we are seeking an accomplished Senior Managing Director of Asset Management to lead our existing asset management team, strengthen portfolio performance, and help scale our investment platform.

The Opportunity

We are looking for a seasoned multifamily executive who combines extensive property-level operating experience with strong financial, analytical, and investment management capabilities.

The ideal candidate will have a demonstrated track record managing Class B, workforce housing, and value-add multifamily portfolios, with the ability to improve net operating income, cash flow, and investment performance through varying market conditions.

Reporting directly to the President, this executive will oversee asset management strategy, lead an established team, and work closely with third-party property management partners to execute business plans and maximize investment returns.

This position requires both strategic leadership and hands-on execution. We are particularly interested in candidates who understand the operating complexities of older apartment communities, can drive accountability at the property level, and possess the financial sophistication and executive presence to work effectively with institutional investors and capital partners.

Key Responsibilities

1. Lead asset management strategy and oversee the financial and operational performance of CALCAP's multifamily portfolio.
2. Drive improvements in NOI, cash flow, economic occupancy, collections, resident retention, and operating efficiency.
3. Establish clear performance expectations and accountability for third-party property management companies and onsite operating teams.
4. Oversee annual operating budgets, capital expenditure plans, asset-level business plans, and financial performance.
5. Identify opportunities to increase revenue, control expenses, and improve property-level profitability.
6. Lead and develop the existing asset management team, fostering a culture of accountability and continuous improvement.
7. Oversee capital improvement programs, renovations, and property repositioning initiatives.
8. Evaluate hold/sell strategies, refinancing, and capital allocation decisions in coordination with Portfolio Optimization and executive leadership.
9. Collaborate with Acquisitions, Finance, Accounting, and executive leadership on portfolio strategy and investment decisions.
10. Provide insightful financial reporting and strategic recommendations to executive leadership, investors, and institutional capital partners.
11. Leverage technology, data analytics, and emerging AI tools to enhance financial analysis, operational efficiency, and asset management effectiveness.
12. Travel regularly to properties to assess operating performance and execution of business plans.

Qualifications

1. Minimum 15 years of progressive leadership experience in multifamily asset management, property operations, or real estate investment management.
2. Significant experience managing Class B, workforce housing, and value-add multifamily portfolios.
3. Demonstrated track record of improving NOI, cash flow, and property-level operating performance.
4. Senior leadership experience overseeing multi-property portfolios and managing professional teams.
5. Strong understanding of multifamily operations, including leasing, revenue management, collections, expense controls, maintenance, and capital improvements.
6. Experience overseeing third-party property management companies and driving accountability for results.
7. Strong financial and analytical capabilities, including budgeting, capital planning, investment analysis, and portfolio-level decision-making.
8. Experience working with institutional investors, joint venture partners, or sophisticated private capital sources preferred.
9. Experience navigating challenging market conditions and executing business plans through multiple real estate cycles.
10. Forward-thinking leadership style with an openness to leveraging AI, technology, and data analytics to improve performance.
11. Excellent communication, leadership, and organizational skills.
12. Bachelor's degree in real estate, finance, business, or a related field.

Candidates from both asset management and senior property operations backgrounds are encouraged to apply, including individuals currently serving in COO, EVP, SVP, or similar executive leadership positions, provided they possess strong investment-level financial expertise and extensive multifamily operating experience.

Why Join CALCAP?

CALCAP offers the opportunity to play a significant leadership role within an established, entrepreneurial real estate investment firm at an important stage in its growth.

The successful candidate will have substantial responsibility for portfolio performance, direct access to executive leadership, and the opportunity to help strengthen and scale the firm's asset management capabilities as CALCAP expands its relationships with institutional and private capital partners.

We offer a competitive executive compensation package, including base salary, performance-based incentives, and potential participation in the long-term success of CALCAP-sponsored investments.

Location & Travel

CALCAP Advisors is headquartered in Pasadena, California, which is our preferred location for this position. However, we are conducting a nationwide search and will consider highly qualified candidates based elsewhere in the United States.

The position offers geographic flexibility for the right executive, with the expectation of regular travel to portfolio properties and periodic in-person collaboration with CALCAP's leadership team in Pasadena.

The successful candidate must be comfortable leading a geographically dispersed portfolio and maintaining close working relationships with third-party property management teams.

To Apply

Please submit your resume and a brief description of your multifamily portfolio management experience, including examples of measurable improvements in operating performance, NOI, or cash flow.

CALCAP Advisors is an equal opportunity employer.