Director of Asset Management (Client Facing)
About The Position
This role is dedicated to Silverstein Capital Partners (SCP), the debt platform of Silverstein Properties LLC, and serves as the dedicated lead for an approximately 1 million-square-foot real estate asset on the West Coast. The property includes for-sale residential condominiums, a luxury third-party-managed hotel, and two levels of curated retail. The Director will act as the owner’s primary representative and senior lead, overseeing all aspects of asset and project management and the overall business plan. The position is based at Silverstein Properties’ headquarters in New York City. Travel to the asset is required approximately once per month, with more frequent travel at the onset. The role calls for a proactive, organized, hands-on operator with experience leading transitional commercial assets and the teams that manage them.
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, including 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, including mixed-use assets with 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.
- Proven 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 and 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 against deadlines; and present recommendations to senior management.
- Oversee retail leasing, including broker coordination, lease negotiation, and tenant improvement scopes, budgets, and delivery.
- Oversee hotel operations and the relationship with the 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 requisition, billing, and cost-reporting processes, 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 onset.
Benefits
- Competitive benefits package
- May be eligible for discretionary bonuses and other short- and long-term incentives, such as deferred cash and equity
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What This Job Offers
Job Type
Full-time
Career Level
Director
