Senior Associate - Asset Management (Real Estate)

Birgo Capital has grown fast. Since 2020 the firm has tripled in size, now managing over $300 million in assets across a 3,500-unit multifamily portfolio spread across four states. That kind of growth creates real complexity, and this Senior Associate role sits directly at the center of it.

The core job is translation. Acquisitions underwrites a deal with assumptions about rent growth, occupancy, expense ratios, and capex recovery. Your job is to take those assumptions and make sure operations actually delivers on them. When a property drifts from its business plan, you're the one who catches it early, understands why, and builds the case for corrective action. That means owning the annual budget cycle, running monthly re-forecasts, and stress-testing fund-level cash flow models well enough to give leadership a clear, honest read on IRR and DSCR performance. The portfolio includes 60-plus vintage assets, so you'll rarely be working with new construction assumptions. These are older buildings with real maintenance profiles, and the numbers reflect that.

Property management performance is another major lever here. Birgo runs a vertically integrated model, so the PM team is internal, but that doesn't mean alignment is automatic. You'll build genuine working relationships with site-level and regional staff, helping them read variance reports, understand market comps, and make smarter decisions on net effective rent and expense control. This isn't a top-down dynamic. The role rewards people who can earn trust through competence and consistency, not title.

On the capital side, you'll manage lender relationships, monitor covenant compliance, and prepare reporting packages for refinances and dispositions. With a portfolio this size and vintage, there's almost always something in the capital stack that needs attention.

Birgo is also building out AI-assisted tracking tools for occupancy, net effective rent, and capex ROI. You'll be expected to use them and help refine them, not just consume outputs.

What Strong Candidates Bring

• 3 to 5 years of direct asset management experience in multifamily, with real exposure to budgeting, re-forecasting, and variance analysis
• Financial modeling skills sharp enough to stress-test a fund-level cash flow model, not just read one
• Comfort working with offshore analysts: setting clear expectations, reviewing REO schedules, and maintaining output quality without micromanaging
• Familiarity with AppFolio or comparable property management software
• Based in or willing to relocate near Pittsburgh, Buffalo, Cleveland, or Morgantown, with roughly 25% travel for site visits

One honest note on what separates good candidates from great ones in a role like this: the ability to hold property managers accountable without damaging the relationship. Asset management at a vertically integrated firm lives or dies on that dynamic. If you default to being either the enforcer or the pushover, performance suffers. The people who do well here tend to be analytically sharp and genuinely curious about operations, not just the spreadsheet behind it.

The comp structure includes disposition fees and profit-sharing, which means your upside is tied directly to how the assets perform. That alignment is intentional. Birgo is expanding its Midwest footprint, so there's real room to grow with the platform as the portfolio scales.