Director, REO Asset Management

Job Purpose

Arbor Realty Trust is seeking an experienced Director, REO Asset Management to oversee a portfolio of multifamily real estate assets. This individual will be responsible for developing and executing asset-level business plans, overseeing property operations, maximizing financial performance, and implementing strategies to enhance property values and optimize investment recoveries.

The ideal candidate will have extensive multifamily asset management experience, strong financial and operational expertise, and a demonstrated ability to stabilize underperforming properties and execute successful asset dispositions.

Essential Job Functions

The Director will have the following duties and responsibilities, including but not limited to:

- Oversee the financial and operational performance of a portfolio of multifamily properties, ensuring execution of asset-level business plans.

- Develop and implement strategies to improve occupancy, rental income, net operating income (NOI), and overall property values.

- Manage third-party property management firms, ensuring accountability for leasing, operating expenses, property maintenance, and financial performance.

- Review and analyze property financial statements, operating budgets, rent rolls, cash flow projections, and capital expenditure plans.

- Identify opportunities to stabilize underperforming properties through operational improvements, renovations, and strategic capital investments.

- Oversee property improvement initiatives, including capital projects, renovations, and repositioning strategies.

- Evaluate property valuations, market conditions, and financial performance to determine appropriate hold, repositioning, or disposition strategies.

- Manage asset dispositions, including broker relationships, pricing recommendations, offer evaluations, negotiations, and transaction execution.

- Dispositions may include Arbor origination of new debt on REO assets. Knowledge of sizing and structuring bridge loans, sources & uses, and facilitating term sheet execution.

- Prepare asset-level financial analyses, business plans, forecasts, and portfolio performance reports for senior management.

- Collaborate with internal departments, including Asset Management, Legal, Treasury, Financing, and Accounting, to execute portfolio strategies.

- Conduct property inspections and maintain relationships with third-party service providers to ensure effective asset oversight.

Qualifications & Experience

- Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.

- 10+ years of experience in multifamily real estate asset management, preferably with an institutional owner/operator, private equity firm, mortgage REIT, or real estate investment platform.

- Demonstrated experience managing multifamily property operations, financial performance, capital improvements, and asset dispositions.

- Experience stabilizing underperforming properties and executing value-enhancement strategies.

- Strong understanding of multifamily operating metrics, financial modeling, property valuations, and investment analysis.

- Experience overseeing third-party property management companies and external service providers.

- Advanced proficiency in Microsoft Excel, Argus, and real estate financial analysis.

- Strong analytical, communication, negotiation, and problem-solving skills.

- Ability to independently manage multiple assets and execute business plans in a fast-paced environment.

- Willingness to travel to properties as needed.

Preferred:

REO & Multifamily Experience: Demonstrated experience managing REO and distressed multifamily assets, with familiarity in Southeastern U.S. multifamily markets and an established network of active middle-market buyers. Experience with both market-rate and affordability-restricted multifamily housing.

Development Incentives & Affordable Housing: Experience navigating development incentives, including PILOTs, TIFs, CDBG grants, tax abatement programs, and/or Low-Income Housing Tax Credits (LIHTC).

We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status. We are committed to working with and providing reasonable accommodations to individuals with disabilities.