Director of Real Estate Asset Management

Family Office Opportunities • Full-time • Philadelphia, Pennsylvania, United States • 2d ago

A commercial real estate holding company located in suburban Philadelphia is seeking a Director of Real Estate to oversee the firm’s asset management and property management, as well as real estate acquisitions and dispositions. The company is affiliated with a family office with a longstanding history in real estate ownership and operations in the Mid-Atlantic and Midwest regions. This dynamic, growing company is responsible for actively managing the family office's commercial real estate portfolio and operations, as well as identifying and underwriting acquisition opportunities and overseeing asset management to add value to the family’s existing portfolio.

The Director of Real Estate will directly manage over 2,000 units of existing multi-family real estate and hold additional oversight responsibility for over 14,000 units of multi-family, 1 million sqft of office and 1 million sqft of retail real estate. The family is actively pursuing additional acquisitions and expects to acquire approximately 300-400 additional units per year, creating a significant opportunity for the successful candidate to help shape portfolio strategy, asset performance, and future growth initiatives.

The firm is seeking a highly motivated and entrepreneurial real estate professional to build out and oversee the real estate company, manage the existing real estate portfolio, and identify new opportunities in real estate. The successful candidate will have extensive experience in commercial real estate with asset and property management oversight, have excellent analytical and communication skills, and thrive in a team-oriented environment working alongside of the family office. The Director of Real Estate will report to and work closely with the family, as well as to the Director of the family office, which is closely affiliated with the real estate holding company.

Key Responsibilities

Real Estate Management

Build and institutionalize the real estate holding company, including asset management, property management, and reporting functions
Develop and implement an asset management framework, including budgeting, leasing strategy, capital planning, performance monitoring, and value-creation initiatives
Create and oversee a best-in-class property management function, either through internal team development, third-party manager oversight, or a hybrid model
Establish portfolio-level reporting and dashboards to track performance and capital needs
Oversee leasing, tenant relations, capital projects, renovations and maintenance programs
Serve as the primary point of accountability for the real estate portfolio on behalf of the family
Work closely with the family office to develop the long-term plan for the real estate portfolio

Portfolio Strategy & Performance

Develop and oversee asset-level strategic business plans across the real estate portfolio
Drive NOI growth, cash flow optimization, and long-term value creation
Monitor performance against underwriting assumptions and strategic objectives
Analyze market trends and competitive positioning to inform strategy
Identify risks, repositioning opportunities, and value-enhancing initiatives
Conduct hold/sell analyses and recommend strategic actions to leadership

Asset & Operational Oversight

Oversee financial management of the real estate portfolio across multiple geographic regions
Partner closely with property management and leasing teams to ensure assets operate at peak performance
Review and approve annual operating budgets and capital expenditure plans
Formulate and implement long-term operating and capital budgets in conjunction with ownership and property management
Evaluate leasing strategies, rent rolls, tenant credit exposure, and capital improvement initiatives
Monitor capital projects, development initiatives, capital calls, and capital expenditures

Investment Strategy & Acquisitions

Analyze existing, potential, and new real estate projects and acquisitions
Actively source, evaluate, and underwrite new acquisition opportunities aligned with ownership’s long-term goals
Assist with acquisition execution and disposition processes

Capital Planning & Financing

Partner with the Director of Finance on debt strategy, refinancing opportunities, and lender relationships
Support capital markets initiatives and financing execution
Evaluate portfolio-level leverage strategy and refinancing timing
Lead underwriting and execution of acquisitions, dispositions, and recapitalizations

Reporting & Platform Development

Produce and refine asset management reporting, forecasting, and portfolio analytics
Prepare clear, concise reporting materials for family leadership
Translate complex financial data into actionable insights for principals
Build scalable asset management processes, dashboards, and reporting systems as the office grows
Strengthen analytical infrastructure and modeling frameworks

Qualifications

Bachelor’s degree required; degree in finance, economics, accounting, or a related field is a plus
10+ years of experience in multi-family commercial real estate, particularly strategic real estate asset management and acquisition analysis
Experience overseeing diversified commercial portfolios
Advanced Excel skills, including the ability to build scalable, defensible models from scratch; experience working with Entrata and CoStar is strongly preferred
Strong financial modeling, underwriting, and capital markets expertise
Ability to interpret and synthesize general concepts and raw data into comprehensive financial analysis
Deep understanding of leasing, property management, and capital improvement oversight
Experience working with a family-owned business and/or a family office with an operating company is a plus
Demonstrate strong verbal and written communication skills
Proficiency in MRI general ledger system a plus

Job Type: Full-Time, In-Person; office located in the western Philadelphia suburbs