Position Overview

The Portfolio Manager - Closed End Fund Series is a senior investment management leader responsible for the strategy, oversight, and performance of Core Spaces' closed-end, drawdown investment vehicles. This role owns fund-level portfolio construction, capital deployment strategy, portfolio monitoring, performance attribution, investor reporting, and governance across the full fund lifecycle. The Portfolio Manager serves as a key decision-making partner to Acquisitions, Asset Management, Development, Capital Markets, Finance, and Investor Relations to ensure portfolio activity, business plans, and investor commitments remain aligned.

This role requires significant independent judgment, strategic decision-making, and accountability for matters of significance, including portfolio composition, deployment pacing, fund performance, investor communications, and cross-functional execution. The role is expected to operate with a high degree of autonomy and influence within a vertically integrated real estate platform.

What You Will Do

Fund Strategy, Portfolio Construction, and Capital Allocation

• Own fund-level portfolio strategy across closed-end vehicles, including portfolio construction, allocation, diversification, and capital deployment pacing across the lifecycle
• Establish and monitor portfolio frameworks across asset type, geography, risk profile, vintage, and business plan while evaluating concentration, market exposure, liquidity, and risk-return tradeoffs to drive capital allocation decisions aligned with fund objectives and investor mandates.
• Partner cross-functionally to prioritize pipeline, assess strategic fit, and align execution with capital availability and portfolio needs
• Provide portfolio-level evaluation of new investments, including diversification impact, return profile, and alignment with fund strategy

Fund Performance, Asset Oversight, and Business Plan Execution

• Own fund performance evaluation against underwriting, strategy, and investor expectations
• Oversee portfolio-level analysis of operations, development, lease-up, valuations, liquidity, and disposition timing to identify risks and opportunities
• Partner with Asset Management and Development to assess execution and implement actions to optimize returns
• Lead performance attribution across assets, markets, and strategies to inform decision-making

Capital Deployment, Fund Execution, and Lifecycle Management

• Direct capital deployment, including pacing, capital calls, liquidity management, and distribution forecasting
• Monitor performance against fund timelines and proactively address deviations in deployment or returns
• Support lifecycle events such as fundraising, investment periods, recapitalizations, and realizations
• Evaluate portfolio implications of development, financing, and disposition decisions

Investor Reporting, Capital Formation Support, and Stakeholder Communication

• Own investor reporting deliverables, ensuring accuracy, insight, and alignment with performance and strategy
• Translate portfolio performance into clear, compelling narratives for investors and leadership
• Partner with Investor Relations on fundraising, diligence, and ongoing engagement
• Prepare materials for investment committees, leadership, and investor communications

Governance, Risk Management, and Operational Oversight

• Ensure compliance with fund governing documents, investment guidelines, and approval frameworks
• Oversee integrity of portfolio data and reporting outputs
• Drive improvements in portfolio management, reporting, and governance processes

Leadership and Cross-Functional Influence

• Act as a senior leader influencing portfolio strategy, capital deployment, and investor outcomes
• Lead and develop portfolio management team members, ensuring quality and accountability
• Elevate portfolio management practices through analytical rigor and process improvement
• Support the build-out of a scalable, institutional-quality portfolio management function
• Occasional travel may be necessary as needed
• Perform all other duties and tasks as assigned by management
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally, You'll Have

• Bachelor's degree in Finance, Real Estate, Accounting, Economics, or a related field
• 10+ years of progressive experience in real estate investment management, private equity real estate, institutional portfolio management, or a closely related environment
• Significant experience managing or materially influencing closed-end, drawdown fund strategy, portfolio construction, and performance oversight
• Demonstrated success evaluating and communicating portfolio performance through metrics such as IRR, equity multiple, yield, realized and unrealized performance, and performance attribution
• Deep understanding of fund structures, governing documents, waterfalls, capital call and distribution mechanics, liquidity planning, and portfolio-level investment guidelines
• Strong command of portfolio analytics, financial modeling, business plan evaluation, and strategic capital allocation
• Experience working directly with institutional investors and preparing high-quality reporting, diligence materials, and executive presentations
• Proven ability to exercise discretion and independent judgment with respect to portfolio strategy, prioritization, and business recommendations

You'll crush it if you have experience with

• Managing closed-end, drawdown real estate funds across the full lifecycle, including portfolio-level decision-making
• Operating in a senior role within a private equity real estate or institutional investment platform with exposure to institutional investors
• Exercising strong commercial judgment with autonomy, accountability, and discretion on matters of significance
• Synthesizing investment, operating, and market data into clear recommendations that influence portfolio strategy and capital allocation
• Partnering cross-functionally to challenge assumptions, align stakeholders, and drive execution across the platform
• Working within student housing, multifamily, or adjacent sectors with an understanding of operational and development dynamics

Organizational Structure

Reports to: Managing Director, Portfolio Management

Direct Reports: N/A

Disclaimer

Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

Pay Range

USD $200,000.00 - USD $250,000.00 /Yr.
Additional Compensation

This role is be eligible for additional incentive compensation, including bonus and carried interest participation, subject to company plans and individual performance.
Compensation Disclosure

The compensation range listed reflects the base salary or hourly rate that we reasonably and in good faith expect to offer for this role at the time of posting. Actual compensation may vary based on factors such as education, experience, skills, certifications, seniority, geographic location, and business needs.

This role may be eligible for additional forms of compensation, including bonuses, commissions, stipends, or non-cash incentives, depending on position and performance. Benefits may include health insurance, retirement plans, paid time off, and other role-based offerings, subject to eligibility requirements.

All compensation components are subject to change based on business needs or market conditions.