Real Estate Manager

Gymreapers•Nampa, ID

About The Position

The Real Estate Manager is responsible for end-to-end ownership execution of the real estate portfolio, spanning industrial, light industrial, retail and multifamily assets. This role owns operations, financial performance, capital projects, leasing execution, and value-add initiatives, with a mandate to maximize NOI, control risk, and prepare assets for long-term hold or strategic exit. This is a hands-on, principal-aligned role suited for someone who thinks like an owner, moves fast, and can scale systems as the portfolio grows toward $100M+ AUM.

Requirements

5–10+ years in real estate or asset management
Direct experience with Multifamily (10–100 units) and Industrial / light industrial assets
Proven execution on value-add projects
Strong financial acumen (budgets, pro formas, capex modeling)
Comfortable negotiating leases, vendor contracts, and construction scopes
Operationally obsessive but commercially aggressive
High accountability, low ego, owner-aligned mindset
Thinks like a principal, not an employee
Comfortable being the “bad guy” when enforcing standards
Moves fast, follows through, and builds leverage through systems
Long-term oriented (builds assets, not resumes)

Responsibilities

Asset & Portfolio Management: Own day-to-day performance of all real estate assets (industrial + multifamily)
Drive NOI growth through rent optimization, expense control, and vacancy reduction
Build and manage annual operating budgets, forecasts, and variance reporting
Maintain real-time visibility into DSCR, cash-on-cash returns, and debt covenants
Prepare quarterly portfolio reviews for ownership
Property Operations & Oversight: Direct oversight of third-party property managers or internal onsite staff
Set KPIs for leasing velocity, delinquency, maintenance response times, and tenant satisfaction
Approve major expenses, contracts, and service agreements
Ensure regulatory compliance (local, state, federal) across asset classes
Handle escalations involving tenants, municipalities, or vendors
Capital Projects & Value-Add Execution: Lead renovation, repositioning, and redevelopment projects
Manage GC bids, scopes of work, timelines, and capex budgets
Oversee unit turns, common area upgrades, exterior improvements, and industrial TI builds
Track capex ROI and stabilize assets post-renovation
Leasing & Revenue Growth: Partner with brokers and leasing agents on Industrial lease negotiations and Multifamily rent increases and unit mix optimization
Approve lease structures, concessions, TI allowances, and renewal strategies
Identify opportunities for Rent resets and Ancillary income (storage, parking, NNN recoveries, etc.)
Acquisitions & Dispositions Support: Support underwriting during acquisitions (ops assumptions, capex, rent comps)
Assist with due diligence, transition plans, and post-close execution
Prepare assets for refinance or sale (data rooms, operating history, NOI normalization)
Systems, Process & Scale: Implement portfolio-wide systems for Property management software, Vendor tracking, Preventative maintenance, and Reporting dashboards
Standardize SOPs across all assets to support scale
Prepare the platform to support future vertical integration or in-house management