Job Description:Baker Tilly | Real Estate Investment & Capital FormationIt's an exciting time to join Baker Tilly! We are seeking an experienced real estate professional to join our Real Estate Investment & Capital Formation practice.
About the TeamBaker Tilly's Real Estate Investment & Capital Formation practice specializes in structuring, sponsoring, and managing tax-advantaged real estate investments, including Delaware Statutory Trusts (DSTs), Section 1031 exchange investments, and private real estate investment funds.
Through BT REI Manager, LLC, the firm's real estate investment sponsor subsidiary, the team oversees a portfolio of real estate investments across multiple asset classes, including student housing and net-leased commercial properties.
Position OverviewWe are seeking a seasoned commercial real estate professional to provide asset management and operational oversight for our real estate investment portfolio, while supporting real estate development and investment activities.
This position will work closely with the leadership of BT REI Manager and internal team members to monitor investment performance, oversee third-party property managers and service providers, evaluate property operations, identify financial and operational risks, and support strategic decisions throughout the investment lifecycle.
The role will also assist in evaluating real estate acquisitions, development opportunities, and other investment initiatives.
The ideal candidate will bring extensive commercial real estate experience, strong financial and analytical capabilities, and a demonstrated ability to evaluate investment performance, manage third-party relationships, and provide practical recommendations to preserve and enhance asset value.
Key ResponsibilitiesAsset Management and Portfolio Oversight- Provide asset management oversight for a portfolio of commercial real estate investments, including student housing properties and net-leased commercial properties.
- Monitor property-level financial and operational performance against approved budgets, underwriting projections, and investment objectives.
- Review monthly and quarterly financial statements, operating reports, cash flow forecasts, and budget-to-actual variances.
- Identify performance issues, emerging risks, and opportunities to improve operating results and preserve investment value.
- Evaluate capital expenditure plans, property improvement initiatives, and significant operating decisions.
- Support annual budgeting, business planning, and long-term asset strategies.
- Monitor property-level liquidity, operating reserves, debt service requirements, and investor distribution projections.
Real Estate Operations and Third-Party Management- Oversee and evaluate the performance of third-party property managers, asset managers, and other service providers.
- Monitor property operations, leasing performance, occupancy trends, rental rates, operating expenses, and maintenance programs, as applicable to each asset class.
- Review property-level operating plans and assess the effectiveness of management strategies and operational practices.
- Monitor implementation of approved business plans and recommend corrective actions when performance falls below expectations.
- Evaluate vendor performance, service contracts, and opportunities to improve operational efficiency and cost management.
- Coordinate with third-party managers and internal team members to resolve significant operational, financial, or property-related matters.
- Monitor compliance with material lease obligations, contractual requirements, and property-level operating commitments.
- Support the resolution of property-level issues affecting financial performance, tenant relationships, or asset value.
Real Estate Development and Investment Activities- Assist in evaluating potential real estate acquisitions, development opportunities, redevelopment initiatives, and other investment transactions.
- Review project feasibility, development budgets, financial projections, and investment underwriting.
- Evaluate market conditions, property valuations, and investment opportunities.
- Coordinate with developers, lenders, brokers, consultants, and other transaction participants, as needed.
- Support due diligence, financing, and transaction execution activities.
- Provide recommendations regarding investment strategy, capital improvements, refinancing, and potential dispositions.
Financial Analysis and Investment Performance- Review financial models, cash flow projections, investment returns, and distribution forecasts.
- Assess investment performance relative to original underwriting assumptions and projected returns.
- Evaluate financial and operational risks that may affect investment returns or asset value.
- Support investment valuation, refinancing evaluations, and hold/sell analyses.
- Identify opportunities to enhance investment performance and mitigate financial or operational risks.
Reporting and Strategic Support- Work with internal team members to review periodic asset management reports and investor performance updates.
- Provide senior leadership with assessments of portfolio performance, material risks, and recommended actions.
- Participate in periodic portfolio reviews, property management meetings, and strategic planning discussions.
- Assist with the development and refinement of asset management procedures, operational reporting standards, and portfolio oversight practices.
- Coordinate with internal finance, tax, legal, and investment professionals as needed.
Minimum Requirements- 4-year degree
- 8+ years professional experience
Preferred Qualifications- Bachelor's degree in real estate, finance, accounting, business administration, or a related field.
- Demonstrated experience evaluating commercial real estate financial performance, operating budgets, cash flow projections, and investment returns.
- Strong analytical, organizational, communication, and relationship management skills.
- Ability to work independently, exercise sound business judgment, and manage multiple investment priorities.
- Minimum of 10 years of professional experience in commercial real estate investment, development, asset management, operations, acquisitions, portfolio management, or related disciplines.
- 15+ years of progressively responsible commercial real estate experience.
- Senior-level experience in commercial real estate asset management, operations, development, investment, or investment advisory.
- Experience working with institutional investors, private real estate investment firms, developers, or real estate investment sponsors.
- Familiarity with multifamily, student housing, retail, or net-leased commercial properties.
- Experience overseeing third-party property managers, evaluating property operations, and implementing asset-level business strategies.
- Knowledge of real estate financing, investment structures, acquisitions, dispositions, and asset valuation.
- Demonstrated ability to evaluate development and investment opportunities and provide strategic recommendations.
- Ability to provide senior-level guidance while remaining engaged in detailed financial and operational analysis.
The pay rate range for this job position are listed below. Actual compensation is influenced by a variety of relevant factors including but not limited to applicant's skills, prior experience, qualifications, degrees, professional certifications, work arrangements and geographic location. It is not typical for an individual to be hired at or near the top of the range, and compensation decisions depend on the facts and circumstances of each case. Baker Tilly offers a comprehensive compensation and benefits package to eligible employees.
Pay rate for Philadelphia, PA is $124,700 - $288,500
Pay rate for Huntingdon Valley, PA is $102,000 - $236,100
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