Assistant Vice President, Asset Management Greater Cleveland, OH Area

Description

COMPANY OVERVIEW

Legacy RHM Capital (LRHM), an affiliate of RHM Real Estate Group, is a fully integrated real estate investment platform that was formed in 2025 through the merger between Legacy Capital Partners and RHM Capital Group. Through a series of funds and single investment entities, Legacy Capital Partners and RHM Capital Group have collectively raised $461 million since 2004. LRHM will continue to raise and deploy a series of real estate equity on behalf of its investors, with a focus on acquiring and operating institutional-quality multifamily investments.

POSITION SUMMARY

Reporting to the Chief Financial and Operating Officer, the Assistant Vice President, Asset Management will serve as the primary owner of each asset’s business plan following acquisition. This individual will oversee execution of approved investment strategies and maximize the operating and financial performance of LRHM’s multifamily portfolio from acquisition through disposition. The role requires a combination of strong multifamily operating experience and financial and analytical capabilities. This is not solely a financial reporting or monitoring role. The successful candidate will develop a firsthand understanding of each investment including its property operations, physical condition, competitive position, local market, and financial performance, while bringing an ownership mindset to each asset.

RESPONSIBILITIES

Investment Strategy Execution & Portfolio Oversight

Assume responsibility for each investment following acquisition and lead execution of the approved business plan, comparing actual performance against original underwriting.

Hold property management teams and operating partners accountable for results and constructively challenge performance when operating results do not support the investment thesis.

Evaluate capital improvement and value-add programs, including scope, budget, timing, rent premiums, and returns on invested capital.

Conduct regular property visits to understand the physical asset, onsite operations, competitive environment, and local market conditions.

Financial Analysis & Performance Reporting

Monitor and analyze property-level performance, including occupancy, leasing trends, rents and concessions, bad debt, other income, operating expenses, NOI, capital expenditures, cash flow, and investment returns.

Manage the annual budgeting process with property management and perform budget-to-actual, variance, reforecasting, and scenario analyses.

Perform and/or oversee valuation, refinance, hold/sell, and other strategic investment analyses.

Prepare asset performance updates and communicate results, risks, and recommendations to senior leadership, lenders, and investors.

Investment Lifecycle Management & Process Improvement

Partner with the investment team during acquisition due diligence to provide operating insight and support an effective transition after closing.

Recommend improvements to asset management reporting and processes, leveraging technology and AI-enabled tools where appropriate.

Debt Monitoring & Compliance Support

Maintain a working understanding of each asset’s capital structure, including debt, equity, JV terms, and waterfall.

Monitor debt covenants, loan maturities, extension requirements, and interest-rate exposure, and coordinate lender reporting with the CFO/COO.

REQUIREMENTS

Bachelor’s degree in finance, real estate, business, economics, or related field; equivalent multifamily experience considered.

5+ years of multifamily real estate experience in asset management, property operations, investment management, or a combination thereof.

Demonstrated combination of hands-on multifamily operating experience and strong financial and analytical skills, including advanced Excel and financial modeling.

Proven ability to interpret property financial statements, budgets, forecasts, and investment underwriting.

Strong judgment, problem-solving, and communication skills, with the ability to work effectively with property management, senior leadership, and external stakeholders.

Willingness and ability to travel regularly to portfolio properties.

COMPENSATION & BENEFITS

Competitive salary commensurate with qualifications and prior experience

Discretionary bonus opportunities available

Paid Time-Off (PTO) including paid holidays

Medical, dental, and vision insurance coverage

Short-term disability and long-term disability coverage

IRA savings incentive match plan

WORK SETTING & DETAIL

Full-time schedule: Monday – Friday

Hybrid Schedule: 4 days per week on-site, option for work-from-home 1 day per week

Work Location: On-site at corporate office in Beachwood, OH

Reliably commute or plan to relocate before starting work

U.S. work authorization required for employment