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Director of Asset Manager

Horning • Full-time • Washington, DC • $170k - $200k / year • 1w ago

Director of Asset Management

Location: Washington, DC

Employment Type: Regular Full-Time

Requisition ID: 1084

Role Summary

Horning is seeking a Director of Asset Management to take full ownership of the performance of a local, diverse real estate portfolio within the DC metropolitan area (approximately 4,500 residential units – including market-rate, NOAH, rent-controlled, LIHTC, and Section 8 and 400,000 SF of commercial). This is a high-impact role with direct ownership and visibility, offering the opportunity to work closely with property management teams and executive leadership to drive portfolio performance within a family-owned organization that emphasizes long-term stewardship, accountability, and a value-driven approach to ownership and operations. The role includes responsibility for leading and executing Horning's asset management function, with the opportunity to shape its structure, priorities, and operating approach over time.

What You'll Do

Own asset-level performance, including NOI, cash flow, expense management, and overall financial outcomes
Lead annual budgeting, reforecasting, and business planning processes across the portfolio
Analyze financial and operational results, identify performance gaps, and drive corrective action
Develop and implement revenue optimization and cost-control strategies
Develop and execute forward-looking business plans for each asset, including repositioning, capital improvements, and refinancing strategies
Identify value creation opportunities across operations, capital investment, and asset positioning
Evaluate hold/sell/refinance decisions and contribute to portfolio-level strategy
Support capital events, including refinancing, recapitalization, and disposition processes
Monitor market conditions and assess competitive positioning of each asset
Translate data into clear, actionable insights that lead to measurable results
Serve as the primary point of accountability for property performance across the portfolio
Partner closely with in-house property management to align priorities and execution
Hold teams accountable for results across leasing, collections, and operations
Diagnose operational issues and course-correct as needed to drive performance improvements
Work closely with accounting to ensure accurate financial reporting and forecasting
Develop and manage multi-year capital improvement plans aligned with long-term asset strategy, including 5-year planning horizons for major projects
Evaluate return on investment and prioritize capital allocation decisions based on asset lifecycle needs
Oversee execution of key capital projects in coordination with property management and facilities teams, tracking timelines, budgets, and outcomes
Ensure capital deployment is disciplined, strategic, and aligned with underwriting assumptions
Identify and proactively manage risks that could impact asset value or performance
Monitor compliance with all regulatory, lender, and investor requirements, including affordable housing programs (LIHTC, Section 8, and rent-controlled assets)
Manage compliance with Building Energy Performance Standards (BEPS) and similar initiatives, coordinating with outside consultants and government agencies on funding opportunities
Provide clear, concise, and decision-oriented reporting to ownership and senior leadership, including mid-year and year-end performance reports for internal and external stakeholders
Prepare investment memos, performance updates, and strategic recommendations
Distill complex issues into actionable insights for decision-making
Support broader portfolio analysis and strategic repositioning, working with brokers and market experts to recommend changes to the portfolio of assets
Lead targeted analyses across operations, capital planning, and portfolio strategy to inform investment decisions and organizational priorities
Support cross-functional initiatives that improve performance, efficiency, and scalability across the portfolio

Required Qualifications

10+ years in asset management, real estate finance, or a closely related role, with demonstrated ownership of asset-level performance – including budgeting, business planning, and a track record of driving NOI improvement and operating results
Bachelor's degree in real estate, Finance, or Business Administration
Strong financial and analytical skills with advanced Excel proficiency
Proven ability to own outcomes and drive results end-to-end
Effective communicator with the ability to influence property management teams and senior leadership
Proficiency in Yardi, advanced Excel, financial modeling, and data visualization tools

Preferred Qualifications

Direct experience managing affordable housing assets (LIHTC, Section 8, or similar programs)
MBA
Familiarity with DC BEPS compliance reporting systems

Compensation

$170,000–$200,000 annually

How to Apply

Apply on the job board.

Equal Opportunity Statement

Horning is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, status as a qualified individual with disability, or any other characteristic protected by applicable federal, state or local laws and ordinances.

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