Asset Management VP

CREN; New York (NY); Hybrid; USD 300,000 - 600,000; Full time

Job summary

Blackstone Real Estate in New York is seeking a Vice President of Asset Management to lead asset-level strategy and execution across a diversified portfolio. You will be accountable for operating performance, leasing outcomes, and investment business plan delivery, coordinating with internal ownership, third-party operators, and transaction partners.

Based in New York, the role balances day-to-day stewardship with major decisions such as capital allocation and hold/sell or refinance

Responsibilities

• Own asset-level business plans and performance execution across a portfolio, including leasing, operations, capital projects, and disposition/refinance evaluation
• Identify value-creation opportunities and proactively manage asset-level risks, including covenant/compliance items, insurance matters, and material tenant or operational issues
• Oversee third-party property managers, leasing teams, and key vendors; set expectations, monitor KPIs, and enforce service and reporting standards
• Partner with leasing to set strategy, approve deal economics, and evaluate market positioning, renewals, and tenant retention plans
• Drive annual budgets, reforecasts, and variance analysis; manage operating and capital performance against plan
• Evaluate and prioritize capital expenditures; review scopes, bids, and ROI, and monitor execution to schedule and budget
• Prepare and deliver asset and portfolio reporting for internal leadership and investors, highlighting performance drivers, risks, and mitigation plans
• Collaborate with acquisitions, capital markets, and accounting/finance teams on underwriting updates, financing activities, valuations, and transaction execution support

Job description

This Asset Management VP role leads asset-level strategy and execution for a portfolio, with accountability for operating performance, leasing outcomes, and investment business plan delivery. The position sits at the center of internal ownership, third-party operators, and transaction partners, ensuring assets are positioned to meet return targets while proactively managing key risks. Based in New York, the scope spans both day-to-day stewardship and major decision points such as capital allocation and hold/sell or refinance considerations.

Job Features

• Own asset-level business plans and performance execution across a portfolio, including leasing, operations, capital projects, and disposition/refinance evaluation
• Identify value-creation opportunities and proactively manage asset-level risks, including covenant/compliance items, insurance matters, and material tenant or operational issues
• Oversee third-party property managers, leasing teams, and key vendors; set expectations, monitor KPIs, and enforce service and reporting standards
• Partner with leasing to set strategy, approve deal economics, and evaluate market positioning, renewals, and tenant retention plans
• Drive annual budgets, reforecasts, and variance analysis; manage operating and capital performance against plan
• Evaluate and prioritize capital expenditures; review scopes, bids, and ROI, and monitor execution to schedule and budget
• Prepare and deliver asset and portfolio reporting for internal leadership and investors, highlighting performance drivers, risks, and mitigation plans
• Collaborate with acquisitions, capital markets, and accounting/finance teams on underwriting updates, financing activities, valuations, and transaction execution support

Blackstone Real Estate is the real estate investing business of Blackstone, a global alternative asset manager. The platform invests globally across both real estate equity and real estate debt, deploying capital across strategies and major property sectors.Equity investing spans thematic strategies across the risk spectrum, including opportunistic and core-plus approaches, with exposure that includes logistics, residential, office, life science office, and retail. The debt business originates real estate loans and invests in real estate-backed debt securities, and it manages Blackstone Mortgage Trust (NYSE: BXMT), a real estate finance company focused on senior loans collateralized by commercial real estate.

Target Compensation Range

$300,000 – $600,000

Posted Aug 16, 2026