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 â 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
Requirements
Bachelor's degree in Finance, Economics, Accounting, Business, or a related field
You have 1-4 years of experience in multifamily or commercial real estate â asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered
You have strong financial modeling skills in Excel, including the ability to build and audit models
You have familiarity with multifamily operating statements and key metrics, including NOI, economic occupancy, trade-outs, and expense ratios
Preferred Requirements
You have exposure to AI tools for investment workflows
You have experience with Yardi, RealPage, Entrata, or comparable property management systems
Benefits
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.