VP, US Asset Management

Fidelity • Boston, MA

9d • $130,000 - $264,000 • Onsite

About The Position

Pembroke is an international real estate advisor that acquires, develops, and manages properties, specializing in mixed-use and office environments. The Vice President, US Asset Management provides strategic oversight and drives asset-level performance across Pembroke’s U.S. portfolio: 10 office and mixed-use buildings totaling approximately 3.7 million square feet and two multifamily properties totaling 547 units in Boston, Washington, DC, San Francisco, and Seattle.

Based in Pembroke’s Boston office, this leader sets portfolio and asset strategies, assesses risks and opportunities, and guides decisions supporting long-term performance and value creation. The role leads and develops three regional asset management leaders responsible for Boston, Washington, DC, and the West Coast. The Vice President directly oversees the Boston portfolio, including leasing, property performance, capital planning, and tenant relationships, and serves as Pembroke’s Boston market expert. The position also helps guide investment strategy for new markets and expansion of the multifamily portfolio. It reports to the Managing Director of Asset Management and Development.

Requirements

• Bachelor’s degree required.
• At least 20 years of commercial real estate experience, including substantial experience in asset and portfolio management, leasing, acquisitions, capital projects, and property operations.
• Experience supporting complex leasing, acquisition, disposition, financing, redevelopment, and capital-project transactions.
• Proficiency in ARGUS Enterprise and Excel cash-flow modeling for valuation, underwriting, and scenario analysis.
• Proficiency in Yardi Voyager and construction management software.
• Working knowledge of building systems, construction processes, and tenant-improvement build-outs.
• Expertise in office, retail, and multifamily asset management, including strategy, value creation, leasing, budgeting, capital planning, project execution, and operational oversight.
• Ability to develop and implement strategies for complex real estate assets and portfolios, allocate capital, prioritize initiatives, manage risk, and drive long-term value creation.
• Demonstrated success leading and developing geographically dispersed asset management teams through goal-setting, delegation, coaching, feedback, difficult conversations, and succession planning.
• Deep knowledge of leasing and capital markets, using market intelligence to inform asset and portfolio strategies.
• Strong negotiation, problem-solving, and decision-making skills, including sound judgment amid changing priorities or incomplete information.
• Ability to lead cross-functional initiatives and build alignment across Asset Management, Development, Finance, Legal, Marketing, Interior Design, Sustainability, and other functions.
• Executive-level communication and presentation skills, including communicating asset performance, business plans, investment recommendations, and portfolio strategies to senior leaders, ownership groups, and institutional investors.
• Strong relationship-management skills and an established network across tenants, brokers, owners, lenders, legal advisors, consultants, and other industry partners.
• Exceptional financial acumen and analytical skills.

Nice To Haves

• Master’s degree preferred, but not required.
• Experience on an institutional investment platform.

Responsibilities

• Establish and execute U.S. portfolio and Boston asset strategies and business plans to maximize long-term performance and value, identifying risks, opportunities, and value-creation initiatives.
• Lead leasing strategy, lease-expiration planning, leasing-agent oversight, and negotiations to minimize downtime and maximize asset value.
• Oversee operating budgets, financial performance, expenditure controls, and capital planning; develop U.S. asset management best practices in partnership with Finance.
• Evaluate and prepare business cases for portfolio initiatives, including redevelopments, refurbishments, capital projects, and potential acquisitions.
• Develop recommendations for senior leadership and investors based on asset quality, market conditions, risks, underwriting assumptions, and return parameters.
• Collaborate with the development team to oversee or manage refurbishments and capital projects.
• Oversee external property managers and hold them accountable for financial, operational, expense-management, and customer-service metrics.
• Build relationships with tenants, brokers, owners, lenders, advisors, service providers, the broader real estate community, and government agencies, including Massport as needed.
• Oversee market research, data gathering, and forecasts, translating insights into recommendations, investment memoranda, executive reports, and presentations.
• Maintain institutional-quality records in management and reporting tools and ensure compliance with applicable governance, loan, and reporting requirements.
• Lead the U.S. Asset Management team through clear priorities, delegation, coaching, feedback, professional development, and a high-performance culture.
• Lead and develop three regional asset management leaders supporting Boston, Washington, DC, and the West Coast.
• Strengthen Pembroke’s Boston market presence, build industry relationships, and advise senior leadership and investors on market trends and opportunities.
• Help guide investment strategy and management for entry into new markets and expansion of Pembroke’s multifamily portfolio.

Benefits

• Comprehensive health care coverage and emotional well-being support.
• Market-leading retirement benefits.
• Generous paid time off and parental leave.
• Charitable giving employee match program.
• Educational assistance, including student loan repayment, tuition reimbursement, and learning resources.
• Depending on position and eligibility, the offer package may include bonus or other variable compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive