Summary:

The Sr Director, Real Estate Asset Management is responsible for the performance optimization of the company's real estate investment portfolio, primarily comprised of multifamily assets as well as several office properties, with additional exposure to student housing and other minority investments.

This role provides active asset management leadership across a geographically concentrated portfolio in the greater Philadelphia region, partnering with third-party property managers, joint venture partners, and internal stakeholders to drive operating performance, oversees construction, manage the execution of capital expenditure initiatives, enhance long-term asset value, and support future portfolio growth.

Reporting to the Vice President of Investments and working in close partnership with the broader Investments team, this role serves as a key interface between ownership and property-level operations, helping to translate strategy into execution at the asset-level by driving capital projects and operational initiatives.

This position requires a disciplined investment and ownership mindset, ensuring that asset-level strategies, capital decisions, and operational execution align with broader portfolio objectives and return expectations.

Essential Job Duties and Responsibilities:

Asset Management Execution

• Lead day-to-day asset management of a multifamily and office portfolio across the greater Philadelphia region, with a focus on operational execution and performance accountability.
• Collaborate with the Investments team to establish operating budgets and implement corresponding asset-level strategies, ensuring consistency with investment objectives.
• Partner with third-party property managers to oversee property operations, including expense control, operational efficiency, and execution of business plans.
• Evaluate and oversee capital expenditures, renovations, and value-add initiatives, with responsibility for scope definition, budgeting, vendor selection, and execution.
• Manage contract services and major maintenance initiatives, applying a long-term ownership perspective to capital planning decisions.
• Provide real-time operational insights and field-level feedback to Investments team and Senior Management to inform investment decision-making and capital allocation.
• Support due diligence and transition planning for acquisitions and dispositions, with a focus on operational readiness and execution.
• Maintain visibility into the broader portfolio, including student housing and other select minority investments, supporting high-level monitoring as needed.
• Contribute to a portfolio-wide perspective on performance, risks, and capital needs while maintaining focus on execution responsibilities.

Capital Projects & Vendor Oversight

• In coordination with property managers, lead the selection, evaluation, and ongoing oversight of vendors, contractors, and third-party service providers across the portfolio.
• Review project scopes, budgets, and timelines to ensure alignment with asset strategy and return objectives.
• Oversee execution of capital projects to ensure on-time, on-budget delivery and adherence to quality standards.
• Identify and mitigate execution risks, cost overruns, and operational inefficiencies at the asset level.
• Establish and maintain policies and procedures related to vendor management, procurement, and project execution.

Other Job Duties and Responsibilities:

• Performs other related duties as assigned.
• Comply with all company policies and procedures.
• Maintain regular and punctual attendance.

Supervisory Responsibilities:

• This position has direct reports. Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Strong experience in real estate asset management with an emphasis on execution and property-level operations.
• Knowledge of real estate transactions and portfolio management.
• Experience working directly with third-party property managers and vendors.
• Demonstrated ability to evaluate and execute capital projects and asset-level initiatives.
• Solid financial acumen, including ability to interpret budgets, forecasts, and performance metrics in coordination with Investments team.
• Strong organizational and project management skills with attention to detail.
• Strong communication and stakeholder management skills.
• Strong negotiation and contract management skills.
• Ability to operate effectively in a collaborative environment while maintaining accountability for execution.

Education and/or Experience:

• Bachelor's degree required. Major in Real Estate, Business, or a related field preferred.
• 10+ years of relevant experience in real estate asset management, real estate investments, property operations, or related roles.
• Experience with multifamily and/or office assets required.
• Experience working alongside investment teams or within joint venture structures is a plus.

Certificates, Licenses, Registrations:

• None Required

Work Complexity:

Problems and issues faced are numerous and undefined, and require detailed information gathering, analysis and investigation to understand the problem. Problems typically impact many departments. Problems are typically solved through drawing from prior experience and analysis of issues.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.