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 and 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 all aspects of the investment lifecycle, 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
Acquisitions & Underwriting
- Build and maintain detailed financial models for multifamily acquisitions and development projects
- Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance
- 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
Portfolio Monitoring & Investor Reporting
- Prepare monthly and quarterly portfolio reporting materials for internal and investor use
- Perform variance analysis against underwriting and reforecast projections
- Support cash flow forecasting and performance tracking across investments
Investment Memos & Special Situations
- Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios
- Prepare analytical memos with clear recommendations for senior leadership
- Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions
AI & Process Optimization
- Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline 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
Requirements
- Bachelor's Degree in Finance, Economics, Accounting, Business or related field.
- You have at one-four years of experience in multifamily or commercial real estate — asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered
- You have strong financial modeling skills in Excel (ability to build and audit models)
- You are familiarity with multifamily operating statements and key metrics (NOI, economic occupancy, trade-outs, expense ratios)
- You are proficient in PowerPoint and have experience preparing investment materials
- You have strong analytical skills with experience working with large datasets (rent rolls, T-12s, budgets)
Preferred Requirements
- You have at least one year of experience with multifamily underwriting and development projects
- You have experience with construction budgets, draw processes, and cost tracking
- You have exposure to AI tools or interest in applying technology to investment workflows
- You have experience with Yardi, RealPage, Entrata, or comparable property management systems
Benefits
Competitive Salary- The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be 0-4 years underwriting multifamily acquisitions.
Performance Bonuses- Our corporate team participates in performance-based bonuses.
Paid Time Off- Unlimited DTO starting upon hire.
Mentorship- Work with an experienced team of multifamily investment professionals.
Holiday Pay- 10 full paid holiday.
Paid Volunteer Hours- 8 hours of paid volunteer time you can use throughout the year.
Housing Discounts- 25% off rent available for all employees off any unit.
Comprehensive Insurance Benefits- Medical PPO, HDHP, FSA, HSA with employer match
Dental, Vision, STD, & LTD.
Retirement Plan- 401K with a 25% company match up to 6%.
Travel & Personal Discounts- Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).
Certification Reimbursement- Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!
Tech Forward & Transparent Culture- Innovative internal software to make your job easier!
Cultural Appeal- We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!
EOE
