Director, Asset Management (HQ)

Faropoint; Hoboken (NJ); On-site; USD 175,000 - 235,000; Full time

Benefits offered by this job

Discretionary bonus

Competitive healthcare benefits

Unlimited PTO

401k match

Job summary

Faropoint is seeking a Vice President of Asset Management to join our Hoboken office. You will lead a team of Asset Managers and oversee industrial assets from leasing to asset management, driving market analyses, negotiations, and due diligence for acquisitions.

The role requires 8–12 years of experience, a Bachelor’s or advanced degree, and strong Excel/MS Office skills. Travel up to 15% and a focus on integrity, confidentiality, and high attention to detail are essential.

Qualifications

• 8–12 years of Asset Management experience in industrial/commercial real estate.
• Bachelor's or advanced degree.
• Proficiency in Microsoft Office including advanced Excel skills.
• Ability to interface with decision makers while maintaining confidentiality.
• High learning agility with multiple priorities in a fast-paced environment.
• Willingness to travel 10–15% of the time.

Responsibilities

• Manage a team of Asset Managers overseeing industrial assets end-to-end.
• Lead the leasing process with market and comparative analyses and negotiations.
• Oversee and lead due diligence for acquisitions and onboarding properties.
• Review appraisals and budgets including rental rates, cash flows, and capex.
• Develop analytics to monitor portfolio state and streamline workflows.
• Assist with monthly and quarterly investor reporting.

Skills

Asset Management

Financial Analysis

Excel skills

Communication

Team Leadership

Education

Bachelor's Degree

Advanced Degree

Tools

Microsoft Office

Job description

About Faropoint

Meaningful Relationships. Ownership. Curiosity. Tenacity. Established in 2012, Faropoint is a pure play RE fund manager focusing on the last mile industrial sector. Having acquired more than 500 warehouses to date, it is the most active aggregator of warehouses in the US in the past five years. Our platform is built to harness the sector’s fragmentation, operating through 7 regional offices with 120+ employees in vertically integrated teams enhanced by proprietary AI-driven tools, while benefiting from compelling fundamentals like constrained supply growth, reshoring, and e-commerce tailwinds.

Job Summary

The Faropoint Investments Team is expanding, and we are looking for an ambitious and motivated VP of Asset Management to join our Hoboken office. The ideal candidate would have 8-12 years of Asset Management experience, looking to expand their knowledge and experience to Real Estate Private Equity.

Responsibilities

• Manage a team of Asset Managers, overseeing industrial assets end-to-end from a leasing/property/asset management perspective.
• Lead the leasing process, including market analysis, comparative analysis, and negotiations.
• Oversee and lead workflows conducting transaction analysis and due diligence for new acquisitions and onboarding new properties.
• Review and approve all aspects of industrial real estate appraisals and operational budgets, including rental rates, discounted cash flows, and capital work.
• Develop analytical tools to allow leadership to better understand the state of the portfolio and streamline work processes.
• Assist with monthly and quarterly reporting to investors.

Required Qualifications

• Ideal candidate will have 8 - 12 years of experience as an Asset Manager in the industrial/commercial real estate industry.
• Bachelor's Degree or advanced degree
• Proficiency in Microsoft Office including advanced Excel skills.
• Ability to give and take direction and to interface with decision makers in a professional manner while maintaining confidentiality.
• High learning agility with an ability to manage multiple priorities while working in a fast-paced and dynamic environment.
• Demonstrates attention to detail and a high level of accuracy.
• Self-starter who independently drives projects to completion by self-sourcing information and leveraging all available resources.
• Willingness to travel 10-15% of the time
• Knowledge of finance concepts including an understanding of financial statements.
• Personal and professional integrity of the highest order required.

Compensation:

• base salary in the $175,000-$235,000 range
• plus discretionary bonus
• competitive healthcare benefits
• unlimited PTO
• 401k match

Equal Opportunity Employer

Faropoint is proud to be an Equal Opportunity Employer. We value diversity, and we do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, parental status, disability status, or any other status protected by local law. We believe that our work is better and our company culture is improved when we encourage, support, and respect the different skills and experiences represented within our workforce.

AI Notice to Candidates

Faropoint Ventures LLC and its subsidiaries (the “Company”) and their recruiting vendors may use artificial intelligence and other automated tools (“AI Tools”) to parse, screen, rank, assess, and summarize resumes/CVs, applications, and interviews. No hiring or rejection decision will be made solely by automated means without meaningful human review by Company personnel, and any use of AI Tools will comply with applicable law, including anti-discrimination laws and laws governing automated employment decision tools and algorithmic decision-making. Personal information you submit will be kept confidential in accordance with our Privacy Policy and used for recruiting, hiring, and related legal, compliance, and recordkeeping purposes, including to evaluate you for employment opportunities with the Company and its affiliates.