Asset Manager
Focused Capital, Indianapolis, IN, United States
Asset Manager
Indianapolis, IN
The following information provides an overview of the skills, qualities, and qualifications needed for this role.
About Focused Capital: Focused Capital is a private real estate investment firm focused on acquiring, improving, and operating multifamily communities throughout the Midwest. The firm partners with investors to acquire well-located assets where operational improvements, renovations, and strategic management can drive long-term value.
Focused Capital currently owns and operates a growing portfolio of multifamily communities and is actively expanding its platform. We are an entrepreneurial, performance-driven company where team members are expected to take ownership, think like operators, and execute at a high level.
Position Overview: Focused Capital is seeking a highly motivated Asset Manager to own the operational and financial performance of the firm’s multifamily portfolio. This is a leadership role—not a support role. The Asset Manager will act as the strategic leader and owner’s representative for each property, directly accountable for driving performance, executing business plans, and maximizing NOI and long-term asset value.
The Asset Manager will work closely with property management companies, construction teams, and leadership to ensure each property is performing in line with investment objectives. This role requires a combination of strong financial analysis, decisive operational leadership, strategic thinking, and the willingness to hold people accountable and have difficult conversations when performance falls short.
Core Responsibilities
Asset Performance Ownership: Take full ownership of the financial and operational performance of assigned assets. The Asset Manager is responsible for ensuring each asset is progressing toward its investment objectives—and for driving corrective action when it is not. •
Drive NOI growth across the portfolio through hands-on leadership and strategic execution. •
Execute approved business plans with discipline and urgency. •
Monitor asset performance relative to budget and flag variances early with recommended solutions. •
Identify and act on opportunities to improve revenue and reduce expenses.
Business Plan Execution: Develop and implement detailed business plans for each property. Monitor progress and adjust strategies as needed to maximize property performance. •
Revenue growth strategies. •
Renovation and capex execution. •
Operational improvements. •
Expense management initiatives.
Property Management Leadership: Serve as the primary strategic partner to third-party property management companies. The Asset Manager must ensure property managers are executing the business plan effectively—and act decisively when they are not. •
Lead regular operating meetings with property management teams. Set agendas, track action items, and ensure follow-through on commitments. •
Hold property managers accountable to budget, KPIs, and performance standards. Address underperformance directly and swiftly—including making replacement recommendations when standards are consistently not met. •
Evaluate leasing performance, marketing effectiveness, and staffing decisions. •
Critically evaluate operational strategies and recommendations. Challenge assumptions and push for better outcomes.
KPI Tracking & Performance Monitoring: Establish and monitor key performance indicators for each property. Analyze trends and proactively address performance issues before they become problems. •
Occupancy and leasing velocity. •
Renewal rates and delinquency. •
Expense ratios and unit turn times. •
Tour-to-lease conversions.
Financial Analysis & Reporting: Monitor financial performance of each asset and deliver consistent, accurate reporting on a defined cadence that gives leadership clear, proactive visibility into portfolio performance. •
Review monthly financial statements and conduct variance analysis relative to budget. •
Build and maintain forecasting models and financial projections. •
Lead capital planning and risk analysis. •
Own annual budgets and set priorities for each year. •
Review and interpret legal documents—loan agreements, guarantees, promissory notes—and coordinate with appropriate parties to ensure compliance. •
Manage draw requests, loan servicing, DSCR tests, and service all lender requests.
Capital Improvements & Renovations: Lead capital improvement and renovation programs end-to-end. Ensure projects are completed on time and within budget—and hold contractors accountable when they fall behind. •
Develop budgets and scopes with ownership approval. •
Manage project scheduling and contractor coordination. •
Track progress against schedule and budget with regular reporting. •
Manage lender draws.
Acquisitions & Dispositions: Play an active role in the acquisition and disposition process. •
Support underwriting, due diligence, and identification of operational risks and opportunities. •
Lead operational transition of newly acquired assets—implement the initial business plan, coordinate property management onboarding, evaluate staffing and processes, and establish performance tracking systems. Ensure a clean, fast transition with no dropped balls. •
Execute hold/sell analysis based on market conditions and drive the disposition process through close.
Property Inspections: Conduct regular site visits to evaluate physical asset condition, operational performance, and property management effectiveness. Document findings and recommendations with clarity and urgency.
Documentation & Systems: We build systems that scale. The Asset Manager is expected to build and maintain operational infrastructure that ensures continuity, scalability, and institutional knowledge that lives in the platform—not in any one person. •
Establish and maintain SOPs, best practices, forms, and operational documents for all recurring asset management workflows. •
Cross-train with team members and build operational redundancy to eliminate single points of failure. •
Ensure all reporting, compliance tracking, and operational processes are documented and repeatable within the firm’s technology platforms. •
Leverage AI tools and technology to streamline reporting, analysis, and operational workflows—working smarter, not just harder.
Qualifications
Leadership & Communication: •
Proven track record of holding third-party property managers, contractors, and vendors accountable to performance targets and timelines. •
Comfortable with direct, candid communication—including difficult conversations about underperformance, contract termination, or vendor replacement. •
Decisive under pressure. Able to make sound decisions with imperfect information and take ownership of outcomes. •
Strong executive presence with the ability to lead meetings, drive agendas, and command follow-through from external partners. •
Self-directed and proactive. You set the pace, drive results, and take initiative without waiting to be asked.
Analytical & Financial: •
Strong financial modeling and analytical skills—experience building and reviewing proformas, P&Ls, balance sheets, and income statements. •
Ability to use data to drive decisions, inform accountability conversations, and translate analysis into action. •
Proficiency with Microsoft Office (Excel, Outlook) and G-Suite (Gmail, Sheets, Slides, Drive). •
Experience with property management software and CRM/reporting platforms preferred. •
Comfortable adopting and utilizing AI and emerging technology to increase efficiency and productivity.
Experience & Education •
Bachelor’s degree in real estate, finance, business, or a related field. •
5+ years of experience in multifamily asset management, property management, or acquisitions. •
Direct experience overseeing renovation or capital improvement programs. •
Experience working with and managing third-party property management companies. •
Ability to travel to properties as needed.
Desired Characteristics We are seeking someone who: •
Thinks like an owner—not an employee. •
Is proactive and solutions-oriented. Brings answers, not just problems. •
Has strong operational instincts and can read a property’s performance story from the numbers. •
Is comfortable making decisions and standing behind them. •
Thrives in a fast-moving, entrepreneurial environment with real accountability. •
Takes ownership of results—wins and losses. •
Embraces technology and AI as tools to move faster and make better decisions.
Compensation ·
Base Salary—Competitive base commensurate with experience. ·
Performance-Based Bonus—Semi-annual bonus tied to portfolio performance metrics. ·
Long-Term Profit Participation— Opportunity to participate in the long-term financial success of the portfolio, aligning your incentives directly with the firm's investment outcomes.
Why Join Focused Capital This role offers the opportunity to work directly with leadership and play a critical role in the growth of a dynamic real estate investment platform. xsgimln Team members at Focused Capital are given significant responsibility and the opportunity to contribute meaningfully to the firm’s success.
The following information provides an overview of the skills, qualities, and qualifications needed for this role.
About Focused Capital: Focused Capital is a private real estate investment firm focused on acquiring, improving, and operating multifamily communities throughout the Midwest. The firm partners with investors to acquire well-located assets where operational improvements, renovations, and strategic management can drive long-term value.
Focused Capital currently owns and operates a growing portfolio of multifamily communities and is actively expanding its platform. We are an entrepreneurial, performance-driven company where team members are expected to take ownership, think like operators, and execute at a high level.
Position Overview: Focused Capital is seeking a highly motivated Asset Manager to own the operational and financial performance of the firm’s multifamily portfolio. This is a leadership role—not a support role. The Asset Manager will act as the strategic leader and owner’s representative for each property, directly accountable for driving performance, executing business plans, and maximizing NOI and long-term asset value.
The Asset Manager will work closely with property management companies, construction teams, and leadership to ensure each property is performing in line with investment objectives. This role requires a combination of strong financial analysis, decisive operational leadership, strategic thinking, and the willingness to hold people accountable and have difficult conversations when performance falls short.
Core Responsibilities
Asset Performance Ownership: Take full ownership of the financial and operational performance of assigned assets. The Asset Manager is responsible for ensuring each asset is progressing toward its investment objectives—and for driving corrective action when it is not. •
Drive NOI growth across the portfolio through hands-on leadership and strategic execution. •
Execute approved business plans with discipline and urgency. •
Monitor asset performance relative to budget and flag variances early with recommended solutions. •
Identify and act on opportunities to improve revenue and reduce expenses.
Business Plan Execution: Develop and implement detailed business plans for each property. Monitor progress and adjust strategies as needed to maximize property performance. •
Revenue growth strategies. •
Renovation and capex execution. •
Operational improvements. •
Expense management initiatives.
Property Management Leadership: Serve as the primary strategic partner to third-party property management companies. The Asset Manager must ensure property managers are executing the business plan effectively—and act decisively when they are not. •
Lead regular operating meetings with property management teams. Set agendas, track action items, and ensure follow-through on commitments. •
Hold property managers accountable to budget, KPIs, and performance standards. Address underperformance directly and swiftly—including making replacement recommendations when standards are consistently not met. •
Evaluate leasing performance, marketing effectiveness, and staffing decisions. •
Critically evaluate operational strategies and recommendations. Challenge assumptions and push for better outcomes.
KPI Tracking & Performance Monitoring: Establish and monitor key performance indicators for each property. Analyze trends and proactively address performance issues before they become problems. •
Occupancy and leasing velocity. •
Renewal rates and delinquency. •
Expense ratios and unit turn times. •
Tour-to-lease conversions.
Financial Analysis & Reporting: Monitor financial performance of each asset and deliver consistent, accurate reporting on a defined cadence that gives leadership clear, proactive visibility into portfolio performance. •
Review monthly financial statements and conduct variance analysis relative to budget. •
Build and maintain forecasting models and financial projections. •
Lead capital planning and risk analysis. •
Own annual budgets and set priorities for each year. •
Review and interpret legal documents—loan agreements, guarantees, promissory notes—and coordinate with appropriate parties to ensure compliance. •
Manage draw requests, loan servicing, DSCR tests, and service all lender requests.
Capital Improvements & Renovations: Lead capital improvement and renovation programs end-to-end. Ensure projects are completed on time and within budget—and hold contractors accountable when they fall behind. •
Develop budgets and scopes with ownership approval. •
Manage project scheduling and contractor coordination. •
Track progress against schedule and budget with regular reporting. •
Manage lender draws.
Acquisitions & Dispositions: Play an active role in the acquisition and disposition process. •
Support underwriting, due diligence, and identification of operational risks and opportunities. •
Lead operational transition of newly acquired assets—implement the initial business plan, coordinate property management onboarding, evaluate staffing and processes, and establish performance tracking systems. Ensure a clean, fast transition with no dropped balls. •
Execute hold/sell analysis based on market conditions and drive the disposition process through close.
Property Inspections: Conduct regular site visits to evaluate physical asset condition, operational performance, and property management effectiveness. Document findings and recommendations with clarity and urgency.
Documentation & Systems: We build systems that scale. The Asset Manager is expected to build and maintain operational infrastructure that ensures continuity, scalability, and institutional knowledge that lives in the platform—not in any one person. •
Establish and maintain SOPs, best practices, forms, and operational documents for all recurring asset management workflows. •
Cross-train with team members and build operational redundancy to eliminate single points of failure. •
Ensure all reporting, compliance tracking, and operational processes are documented and repeatable within the firm’s technology platforms. •
Leverage AI tools and technology to streamline reporting, analysis, and operational workflows—working smarter, not just harder.
Qualifications
Leadership & Communication: •
Proven track record of holding third-party property managers, contractors, and vendors accountable to performance targets and timelines. •
Comfortable with direct, candid communication—including difficult conversations about underperformance, contract termination, or vendor replacement. •
Decisive under pressure. Able to make sound decisions with imperfect information and take ownership of outcomes. •
Strong executive presence with the ability to lead meetings, drive agendas, and command follow-through from external partners. •
Self-directed and proactive. You set the pace, drive results, and take initiative without waiting to be asked.
Analytical & Financial: •
Strong financial modeling and analytical skills—experience building and reviewing proformas, P&Ls, balance sheets, and income statements. •
Ability to use data to drive decisions, inform accountability conversations, and translate analysis into action. •
Proficiency with Microsoft Office (Excel, Outlook) and G-Suite (Gmail, Sheets, Slides, Drive). •
Experience with property management software and CRM/reporting platforms preferred. •
Comfortable adopting and utilizing AI and emerging technology to increase efficiency and productivity.
Experience & Education •
Bachelor’s degree in real estate, finance, business, or a related field. •
5+ years of experience in multifamily asset management, property management, or acquisitions. •
Direct experience overseeing renovation or capital improvement programs. •
Experience working with and managing third-party property management companies. •
Ability to travel to properties as needed.
Desired Characteristics We are seeking someone who: •
Thinks like an owner—not an employee. •
Is proactive and solutions-oriented. Brings answers, not just problems. •
Has strong operational instincts and can read a property’s performance story from the numbers. •
Is comfortable making decisions and standing behind them. •
Thrives in a fast-moving, entrepreneurial environment with real accountability. •
Takes ownership of results—wins and losses. •
Embraces technology and AI as tools to move faster and make better decisions.
Compensation ·
Base Salary—Competitive base commensurate with experience. ·
Performance-Based Bonus—Semi-annual bonus tied to portfolio performance metrics. ·
Long-Term Profit Participation— Opportunity to participate in the long-term financial success of the portfolio, aligning your incentives directly with the firm's investment outcomes.
Why Join Focused Capital This role offers the opportunity to work directly with leadership and play a critical role in the growth of a dynamic real estate investment platform. xsgimln Team members at Focused Capital are given significant responsibility and the opportunity to contribute meaningfully to the firm’s success.