Manager, Asset Management

About the position

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we've established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term. Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

Responsibilities

• Develop and update detailed financial analyses of real estate assets using discounted cash flow analysis, IRRs, equity multiples, and other financial metrics.
• Lead SWOT discussions with stakeholders to identify risks and opportunities, while supporting property-level investment planning.
• Partner with various teams (e.g., Retail, Ancillary Services, Design, Parking) to optimize asset value.
• Utilize PowerBI and other analytical tools to identify trends, providing valuable insights for decision-making.
• Perform property-level market valuations and coordinate external broker opinions of value (BOVs) and appraisals.
• Support portfolio-level analytics for reviews, assessments, and strategic initiatives.
• Assist with the administration and implementation of processes such as annual CapEx budgeting and investment planning.
• Recommend improvements to processes and promote best practices across functions.
• Conduct market research to stay informed on competitive properties, market trends, and key economic drivers.
• Collaborate on asset valuations and contribute to the annual budgeting process to ensure alignment with business goals.
• Perform periodic site visits and support the execution of asset management initiatives.

Requirements

• Bachelor's degree in Finance, Real Estate, Economics, or a related field.
• 4+ years of relevant experience in asset management, financial analysis, or real estate investment.
• Strong analytical and financial modeling skills.
• Proficiency in Microsoft Excel, PowerBI, and other data analysis tools.
• Excellent problem-solving and communication skills.
• Ability to collaborate effectively across multiple departments and functions.

Nice-to-haves

• Experience with large-scale real estate portfolios is a plus.

Benefits

• Comprehensive benefits - health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization - including destination awards, 'AvalonBay's Very Best' recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.