Director of Asset Management (Client Facing)
About The Position
Spring11, an affiliate of Newmark, is hiring a Director of Asset Management to serve as the dedicated lead for an approximately 1 million-square-foot real estate asset on the West Coast for Silverstein Capital Partners (SCP), the debt platform of Silverstein Properties LLC. The mixed-use property includes for-sale residential condominiums, a third-party-managed luxury hotel, and two levels of curated retail. The role is based at Silverstein Properties’ headquarters in New York City and requires regular travel to the asset, approximately once per month and more frequently at the outset. The Director will act as the owner’s primary representative and senior lead, overseeing the asset and project, executing the overall business plan, and coordinating internal teams and third-party professionals. The position requires an experienced, hands-on operator who can lead a transitional commercial asset and manage complex, concurrent workstreams.
Requirements
- Bachelor’s degree in Real Estate, Economics, Finance, or another related field.
- At least 12 years of experience in commercial real estate development, asset management, or operations.
- At least 5 years in a leadership role overseeing complex projects.
- Multiple years of hands-on experience leading transitional commercial real estate assets, such as lease-up, repositioning, stabilization, or completion of newly delivered projects.
- Experience with mixed-use assets that include hotel, retail, or for-sale residential components.
- Experience managing development and construction consultants, including architects, engineers, and contractors, and overseeing budgets, schedules, and requisitions.
- Exceptional organizational and task-management skills, with the ability to manage multiple workstreams and consistently meet deadlines.
- Demonstrated staff-management and leadership experience, including the ability to direct, develop, and motivate internal teams and third-party partners.
- Proactive, self-directed approach, with strong judgment, decision-making, and problem-solving skills.
- Strong financial acumen, including budgeting, underwriting, and reporting.
- Strong communication and negotiation skills, with the ability to collaborate effectively.
Responsibilities
- Serve as the owner’s primary representative and senior lead, overseeing all aspects of asset and project management and the overall business plan.
- Develop, track, and execute business plans, budgets, and schedules; identify risks and opportunities, drive initiatives to completion, and present recommendations to senior management.
- Oversee retail leasing, including broker coordination, lease negotiations, and tenant improvement scopes, budgets, and delivery.
- Oversee hotel operations and the relationship with the hotel flag and manager, including budgets, performance reviews, capital planning, and management agreement matters.
- Lead the condominium sales program, including pricing strategy and coordination with sales and marketing teams, legal, and unit closing teams.
- Coordinate with the construction team as required.
- Manage monthly requisitions, billing, and cost reporting, and monitor budgets and cash flow through completion.
- Lead and coordinate on-site and third-party professionals, including property managers, consultants, and service providers; set priorities and hold the team accountable.
- Prepare and present regular reporting and presentations for ownership.
- Travel to the asset at least once per month, with more frequent travel at the outset.
Benefits
- Competitive benefits package
- May be eligible for discretionary bonuses and other short- and long-term incentives, such as deferred cash or equity.
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What This Job Offers
Job Type
Full-time
Career Level
Director
