VP of Asset Management

Our client is a leading real estate investment firm, managing approximately $17 billion in assets (as of 1/1/2025) across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage.

With more than 110 professionals, our client has consistently demonstrated its ability to bring more to an opportunity than equity capital, enhancing a project’s overall performance and quality by incorporating best practices and effective alternatives in the design, construction, documentation, financing, and operation of investments.

They are searching for a Vice President/Director of Asset Management of Student Housing. This position will oversee a portfolio of multifamily and student housing assets, which includes stabilized assets, repositioning, ground-up development, and/or redevelopment projects. The position reports to the Senior Managing Director and Managing Director of Asset Management, who oversees the Student Housing and Multifamily sector vertical. This position will be based in the firm’s Boca Raton, Florida office.

General Position Responsibilities:

Monitor and report on the financial and operating performance of various assets against business plans and original underwriting.

The asset manager will be required to travel to portfolio properties to assess the overall condition of the real estate, the status of capital plans, the property manager on site, joint-venture partner engagement, and the performance of the market. Expected travel is ~2 days per week/average.

Manage operating partner relationships. The asset manager will be in constant communication with operating partners, and other third parties. This individual will be responsible for supporting the growth of these relationships.

Actively update revenue, expense, and overall strategy in real-time to maximize property level performance.

Track property-specific critical dates and deliverables such as tax management, annual audits, accounting deliverables, debt maturities and covenant compliance, development/construction issues, leasing targets and timing, etc.

Significant property level engagement and guidance provided to property management teams.

Active engagement in property branding, property programming, and lease-up strategy, and management of marketing firms in conjunction with the management company and/or JV partner.

Project asset performance through refinancing, renovations, and redevelopments.

Supervise development and renovation projects with the support of the internal construction management department and our operating partners.

Coordinate internal processes across disciplines (legal, accounting, construction, capital markets) in order to ensure the execution of the business plan.

Work directly with the underwriting and acquisition team in evaluating potential investments.

Track industry trends and adjust property business plans as necessary.

Leverage industry relationships with operators, managers, consultants, and other contacts to evaluate markets, identify solutions to challenges and deliver creative strategies to solve challenges at prospective and existing properties.

Active participation in industry organizations and events.

Requirements

Minimum of 7 years of relevant real estate asset management experience, inclusive of 5 or more years of experience in student housing real estate asset management.

Strong operational skills; the successful candidate will be a “hands-on” member of the Asset Management team. Ideal candidate has

Experience working at operating platforms, and with operating partners and negotiating third-party contracts.

Strategic perspective – candidates must have been involved in developing strategies for investments and possess strong execution capabilities.

Strong financial, analytical, and computer skills with proficiency in Excel; experience with asset management platforms and software packages helpful but not required

Sound judgment with the ability to identify the relevant questions and important issues when evaluating a situation.

Self-motivated with the ability to make independent decisions while working within the framework of the groups goals and policies.

Have a genuine desire to excel in the execution of their work and express a passion for their role.

Benefits

Competitive medical, dental, and vision insurance

Flexible spending accounts (dependent care, healthcare, limited purpose FSA)

Accident and Critical Illness insurance

Long Term Disability insurance

Competitive 401(k) benefits

Pet healthcare savings program

Member’s Only Healthcare - healthcare navigation

WellHub - corporate wellness platform

$10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)

Rocket Lawyer legal benefits

Reimbursement of professional society memberships and exam fees

Up to $10,000 matching annually for contributions to qualified non-for-profit organizations

Parental leave