Asset Manager

Asset Manager

Indianapolis, IN

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.

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.

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.

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.

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.

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.

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.