Senior Associate - Real Estate Portfolio Asset Management

Job DescriptionJob Description

About the Role

Are you a strategic thinker with a sharp eye for detail and a passion for maximizing portfolio performance? Do you want to be part of a collaborative, mission-driven team working to strengthen communities through affordable housing? If so, we’d love to meet you.

We’re seeking a Senior Associate to join our Asset Management team. In this role, you will be a key player in overseeing a portfolio of affordable and mixed-income multifamily assets. Your focus will be on financial performance, operational oversight, and strategic decision-making to protect and enhance asset value. Working closely with cross-functional teams—including construction, compliance, acquisitions, and property management—you’ll use data, financial analysis, and creativity to drive results. If you’re a proactive problem-solver who thrives in a fast-paced environment and values purpose-driven work, this could be the opportunity for you.

Key Responsibilities

Portfolio Management & Performance

• Monitor and analyze property-level financial performance to ensure assets meet or exceed underwriting projections.
• Identify opportunities for value creation and risk mitigation across the portfolio.
• Oversee and track capital expenditures and construction draws on a monthly basis.
• Lead analysis for potential capital events, including refinancings and dispositions.
• Prepare internal and external performance reports for lenders, investors, and regulatory bodies.
• Review monthly property financials and compare against budgets and historical performance.

Stakeholder Engagement & Coordination

• Serve as a key liaison between property management teams, service providers, and internal departments.
• Partner with Compliance and Operations teams to ensure regulatory adherence and optimal service delivery.
• Interface with lenders, limited partners, and government agencies on reporting and compliance matters.
• Support efforts to measure and report social impact initiatives at the asset level.

Contract & Regulatory Oversight

• Manage the 5th Year Contract Rent Adjustment process, including rent comparability studies and interdepartmental coordination.
• Oversee insurance renewal and coverage compliance for assets under management.
• Maintain up-to-date records of lease-up, stabilization, and performance milestones.

What You Bring

• 3–7 years of relevant experience in real estate asset management, finance, or portfolio oversight; affordable housing experience strongly .
• Bachelor’s degree in Finance, Real Estate, Accounting, or related discipline.
• Advanced Excel skills with strong analytical and financial modeling capabilities.
• Excellent communication and presentation skills.
• Meticulous attention to detail and strong organizational skills.
• A desire to work in a collaborative, entrepreneurial, and mission-driven environment.
• Willingness to travel as needed.

Who You Are

• A critical thinker who enjoys solving problems and driving improvements.
• A motivated self-starter who can work independently and manage multiple priorities.
• A team player who brings positivity, accountability, and a sense of humor to the workplace.
• Calm under pressure and deadline-driven, with a commitment to high-quality work.
• Passionate about real estate and making an impact in the affordable housing space.

About Standard Communities

Standard Communities is a leading owner, investor, and developer of affordable and middle-income housing. As one of the largest owners of affordable housing in the U.S., we believe housing is a pathway to prosperity. We deliver high-quality, sustainable homes that foster community and offer the opportunity to build brighter futures.

With over $5 billion in assets under management and a portfolio of more than 27,000 units across 190+ properties in 21 states + Washington, D.C., our team blends nationwide scale with local expertise. As a Certified B Corporation and California Benefit Corporation, we value high performance, social responsibility, and innovation. Headquartered in Los Angeles and New York, with offices across the country, we’re driven by a shared mission: to transform housing, empower , and strengthen communities. At Standard Communities, we don’t just build housing—we build opportunities. If you’re passionate about real estate, community impact, and professional growth, we’d love to hear from you.

At Standard Communities, we value urgency in execution, precision in our work, and empathy in our interactions. These core principles guide us in how we build, collaborate, and grow together.

Standard Communities is an equal opportunity employer. We celebrate and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.