Asset Management Analyst - Multifamily Real Estate

100% REMOTE

Bluecore Residential is a privately owned real estate investment company headquartered in Newport Beach, CA. Bluecore principals have owned and operated a multifamily portfolio totaling more than 16,000 units located in high-growth secondary markets. Bluecore’s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.

Since 2018, Bluecore principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecore principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal-level IRRs exceeding 30% annually since inception. Going forward, Bluecore is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.

Bluecore is adding an Asset Management Analyst to sit in the intersection of Operations and the Investment team. This role offers direct exposure to our Founders and they will working closely with senior leadership. Our Asset Management Analyst will support budgeting, underwriting analysis, and operational performance monitoring across our multifamily portfolio. This role is responsible for ensuring that asset-level operating performance is measured against underwriting assumptions and annual budgets — and for explaining why it diverges when it does. This is a high-visibility seat with direct exposure to portfolio leadership and a strong pathway into asset management or acquisitions.

Key Responsibilities

Asset Management

Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and comparable property performance

Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performance

Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans

Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups

Extract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysis

Analyze Underwriting

Analyze underwriting budgets and operating assumptions for multifamily assets at acquisition and throughout the hold period

Support investment reporting materials, including memos, return analysis, and scenario modeling

Assist in due diligence processes, including review of third-party reports and financial data

Budgeting

Support the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property Management

Investor Reporting

Support investor reporting with asset-level performance narratives and supporting schedules

Assist Asset Management with hold/sell analyses, refinancing support, and business plan updates

as needed

AI & Process Optimization

Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline analysis, underwriting, reporting, and workflows

Help develop and refine internal processes to improve efficiency and scalability

Identify opportunities to automate recurring analyses and enhance data quality