Associate, Asset Management, Multifamily

Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking an Associate, Asset Management in our Santa Monica, CA Office.

The Associate, Asset Management, supports the performance and value creation of Carmel Partners’ multifamily portfolio. This role focuses on executing asset-level business plans, monitoring financial performance, and contributing to strategic decision-making across a regional portfolio.

The Associate is responsible for the day-to-day execution of assigned assets, including lease-up and stabilized properties, and works closely with the Vice President of Asset Management, property management teams, and internal stakeholders to drive operational performance and maximize investment returns.

A place for you

Here at Carmel, we don’t just invest in buildings, we invest in careers. If you don’t meet all of the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. We’re committed to assembling diverse teams with exceptional talent, and we strongly encourage individuals from a wide range of backgrounds to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team!

What you’ll do

• Partner with the Vice President and Senior Associates to support operational performance and value creation across a regional portfolio of multifamily assets.


• Manage the day-to-day execution of assigned properties, including monitoring financial performance, lease-up progress, and operational initiatives.


• Lead detailed monthly financial reviews with property management teams to evaluate performance relative to budget, business plan, and benchmarks.


• Track and analyze key performance metrics, including occupancy, leasing trends, revenue, expenses, and cash flow; identify issues and recommend solutions.


• Participate in revenue management strategy, including developing pricing and concession recommendations based on market conditions, lease expirations, and historical performance.


• Support the preparation and presentation of Quarterly Asset Reviews (QARs) and Annual Business Plans (ALBPs), including analysis of performance trends and key drivers.


• Collaborate with property management teams to ensure execution of leasing, marketing, and operational strategies.


• Support the transition of new developments into operations, including contributing to lease-up playbooks, business plans, and pricing tools.


• Participate in the annual budgeting process for assigned assets in partnership with property management teams.


• Partner with Development, Construction, and Investments teams on renovations, repositioning initiatives, and new developments.


• Support investment activities including market research, financial analysis, underwriting, and participation in due diligence.


• Assist with asset dispositions by supporting analysis, positioning, and coordination with internal teams and external partners.


• Conduct market research, competitive analysis, and property visits to maintain strong market intelligence.


• Identify opportunities to improve asset performance and operational efficiency and recommend actionable solutions.


• Contribute to Asset Management initiatives that enhance reporting, tools, and processes.


• Build and maintain strong working relationships with internal teams and external partners.


• Provide guidance and mentorship to Analysts or junior team members on fundamental concepts and processes, as needed.


• Travel periodically to other Carmel regional offices.


• Perform other duties and special projects as assigned.

What you’ll bring

• Bachelor’s degree in real estate, Finance, or a related field required


• 5+ years of relevant real estate experience with a bachelor’s degree, or 3+ years with a Master’s degree.


• Strong understanding of multifamily asset management fundamentals, including financial analysis, operating performance, and lease-up concepts.


• Demonstrated ability to evaluate a variety of issues and apply sound judgment to develop effective, practical solutions.


• Advanced financial and analytical skills with strong proficiency in Microsoft Excel and PowerPoint.


• Familiarity with emerging data and analytics tools and the ability to leverage data insights to support asset strategy and operational decision-making.


• Experience with property management and revenue management systems such as Yardi, LRO, or similar platforms preferred.


• Strong communication and presentation skills, with the ability to prepare and present analyses, reports, and recommendations to senior leadership.


• Strong organizational and time management skills with the ability to manage multiple assets, priorities, and deadlines.


• Analytical, detail-oriented, and solutions-focused mindset with a developing understanding of broader business strategy.


• Collaborative team player with strong interpersonal skills and a high level of integrity and accountability.

Who you are

• Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy


• Excellent organization and time management skills – able to manage and execute multiple quantitative projects simultaneously


• Values relationships – thrives in a collaborative team setting as well as working independently


• Demonstrates impeccable integrity and dependable judgement

Compensation and Benefits

Compensation and benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find competitive compensation and a comprehensive benefits package at Carmel.

Base compensation range $125K to $135K. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and to offer additional benefits and other compensation, depending on circumstances unrelated to an applicant’s sex or other protected status under local, state, or federal law.

Choose Carmel

At Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.

Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across market cycles by investing in relatively supply-constrained, high-barrier-to-entry markets in the United States.

Visa Sponsorship: Carmel Partners is currently unable to sponsor or assume sponsorship of an employment visa for this role. We require that applicants be authorized to work in the U.S.A.

Inclusion Statement

We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.

Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.

Notice to Third-party Agencies: Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless there is a signed agreement providing otherwise, Carmel Partners will not pay any compensation to any employment Firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/Firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue, and hire said candidate without any notice or financial obligation to the recruiter or agency/Firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.