Asset Management Analyst - Multifamily Real Estate

About Bluecore Residential

Bluecore Residential is a privately held real estate investment firm based in Newport Beach, California. Its principals have operated a multifamily portfolio of more than 16,000 units across fast-growing secondary markets. The company’s edge comes from deep industry relationships and an integrated platform that combines property management, asset management, and data analytics.

Since 2018, Bluecore principals have also invested preferred equity into multifamily assets for major institutional investors. In 2022, they were the largest seller of multifamily assets in the United States and have continued to post strong outcomes, with deal-level IRRs above 30% annually since inception. Looking ahead, the firm plans to keep acquiring high-quality multifamily assets in the Sunbelt and to continue funding preferred equity in multifamily development projects.

Role Overview

Bluecore is hiring an Asset Management Analyst to work at the intersection of operations and the investment team. The position provides broad exposure to the full investment cycle and close collaboration with senior leaders. The analyst will assist with budgeting, underwriting, and operating performance reviews across the multifamily portfolio, with a strong focus on comparing actual results to underwriting assumptions and annual budgets and clearly explaining any differences. This is a high-visibility role with direct exposure to portfolio leadership and a clear path toward asset management or acquisitions.

Core Responsibilities

• Support asset management efforts by analyzing monthly and quarterly budget variances and breaking them down into operating drivers such as occupancy, lease trade-outs, renewals, controllable expenses, market rent movement, concessions, supply changes, and comparable property results.
• Develop and improve market comparable sets, while monitoring submarket rent, occupancy, and concession trends to place portfolio performance in context.
• Work with property management teams to identify underperformance, test budget assumptions, and follow through on corrective action plans.
• Create and maintain Excel-based models and reporting tools for budget-versus-actual reviews, trend analysis, and portfolio summaries.
• Pull and interpret data from property management systems such as Yardi or similar platforms for recurring reporting and one-off analyses.
• Build and maintain detailed financial models for multifamily acquisitions and development opportunities.
• Review rent rolls, trailing twelve-month statements, budgets, and market information to update portfolio forecasts.
• Support investment presentation materials, including memoranda, return analysis, and scenario-based modeling.
• Assist with diligence work, including reviewing third-party reports and financial information.
• Contribute to the annual budgeting cycle by helping build, model, and stress-test property-level operating budgets with asset management and property management partners.
• Prepare monthly and quarterly portfolio reporting for internal stakeholders and investors.
• Run variance analysis against underwriting and reforecast assumptions.
• Assist with cash flow forecasting and investment performance tracking.
• Help evaluate underperforming or complex investments, including restructurings and workout scenarios.
• Draft analytical memos with clear recommendations for senior leadership.
• Perform ad hoc analyses tied to strategic initiatives, capital events, and portfolio-level decisions.
• Use AI tools such as Claude, ChatGPT, and Excel integrations to improve underwriting, reporting, and workflow efficiency.
• Help refine internal processes to make operations more efficient and scalable.
• Look for opportunities to automate recurring analysis and strengthen data quality.

Requirements

• A bachelor’s degree in Finance, Economics, Accounting, Business, or a closely related discipline.
• One to four years of experience in multifamily or commercial real estate, with backgrounds in asset management, property accounting, acquisitions, FP&A, or valuation/appraisal considered relevant.
• Strong Excel modeling ability, including the capacity to build and review financial models.
• Working knowledge of multifamily operating statements and core metrics such as NOI, economic occupancy, trade-outs, and expense ratios.
• Comfort using PowerPoint and preparing materials for investment or leadership review.
• Strong analytical ability and experience handling large datasets such as rent rolls, trailing twelve-months, and budgets.
• Preferred: at least one year of multifamily underwriting and development project experience.
• Preferred: experience with construction budgets, draw processes, and cost tracking.
• Preferred: exposure to AI tools or interest in using technology to improve investment workflows.
• Preferred: experience with Yardi, RealPage, Entrata, or similar property management systems.

Benefits

• Competitive compensation determined by the candidate’s total relevant experience, with relevant experience defined as 0 to 4 years underwriting multifamily acquisitions.
• Performance-based bonus eligibility for corporate team members.
• Unlimited DTO beginning on the first day of employment.
• Guidance and mentorship from an experienced multifamily investment team.
• 10 fully paid holidays each year.
• 8 paid volunteer hours available annually.
• Employee housing discount of 25% off rent on any unit.
• Medical coverage options including PPO, HDHP, FSA, and HSA with employer match.
• Dental, vision, short-term disability, and long-term disability coverage.
• 401(k) retirement plan with a 25% company match up to 6%.
• Travel and shopping discounts, including National/Enterprise rental car rates for personal travel, plus Verizon (18% off) and Expedia (10% off).
• Full reimbursement for approved industry-related certifications such as CAM, CPO, EPA, and others.
• Technology-forward and transparent workplace culture with internal software designed to simplify work.
• Culture that values candid discussion, healthy debate, and employee voice.

Equal Opportunity

Bluecore Residential is an equal opportunity employer.