Director of Strategic Asset Resolution

Greystone & Co II LLC; West Albany (NY); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Discretionary bonus

Job summary

Greystone, a leading national commercial real estate finance firm, seeks a Director of Strategic Asset Resolution to maximize value across its real estate portfolio, focusing on underperforming and distressed assets. The role spans asset management and value creation through complex workouts and capital strategies.

The candidate will evaluate opportunities, structure creative turnarounds, and drive execution from evaluation through closing, reporting to senior management and investment

Qualifications

• Ideally 15+ years of commercial real estate experience in asset management, principal investing, development, special situations, restructuring, workouts, or related disciplines.
• Proven track record creatively turning around troubled or underperforming real estate assets.
• Demonstrated ability to evaluate complex real estate opportunities and identify development, redevelopment, repositioning, or other value-creation potential.
• Strong financial engineering and recapitalization experience, including complex real estate capital structures.
• Significant workout and negotiation experience with lenders, special servicers, investors, partners, and other sophisticated counterparties.
• Proven deal maker with the ability to structure, negotiate, and execute complex transactions.
• Deep understanding of real estate operations, development economics, debt and equity structures, valuation, and capital allocation.
• Strong judgment, financial and analytical skills, executive presence, and ability to communicate effectively with senior management and investment committees.
• Entrepreneurial, driven, creative, decisive, commercially minded, and highly accountable.

Responsibilities

• Asset Strategy & Value Creation lead special situations asset management across Grestone's real estate portfolio.
• Identify challenged assets early and develop strategies to improve performance, restructure, recapitalize, reposition, sell, or maximize value.
• Identify opportunities within existing properties for development, redevelopment, repositioning, or other value creation.
• Develop and execute turnaround strategies through operational improvements, leasing, capital investment, development, changes in use, financing, or other solutions.
• Maintain accountability for asset-level strategy, performance, capital needs, and results.
• Evaluate new real estate opportunities including distressed investments, development and redevelopment opportunities, recapitalizations, and other special situations.
• Assess real estate, business plan, capital requirements, risks, potential returns, and alternative transaction structures; recommend pursuit strategy.
• Operate as a deal maker, structuring transactions with debt, equity, joint ventures, new capital, or other solutions.
• Drive opportunities from evaluation through structuring, negotiation, approval, and execution.
• Lead complex workouts, restructurings, and recapitalizations from strategy through resolution.
• Negotiate with lenders, special servicers, JV partners, investors, borrowers, guarantors, and other stakeholders.
• Engineer complex real estate capital structures, including debt, preferred equity, JV equity, guarantees.

Job description

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with $13 billion in loan originations in 2025. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac by multifamily loan volume and is the #1* Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do. At Greystone, everything we do is driven by our purpose of improving others' lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don't just say "Where People Matter" - we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity and excellence and is a driving force behind our entrepreneurial spirit and creativity.

The Director of Strategic Asset Resolution is responsible for maximizing value and protecting capital across Greestone’s real estate portfolio, with particular focus on underperforming, distressed, workout, and opportunistic situations. The role extends beyond traditional asset management. This individual will be responsible for turning around challenged assets, identifying opportunities to create value within existing properties, and evaluating new real estate opportunities brought to Greystone. These may include distressed investments, development or redevelopment opportunities, recapitalizations, repositioning's, and other complex situations. The successful candidate will be an entrepreneurial, driven and creative real estate executive and proven deal maker. They must be able to quickly assess an opportunity, understand the underlying real estate and capital structure, identify creative ways to create value, and drive a strategy from evaluation through execution.

Key Responsibilities

• Asset Strategy & Value Creation Lead Special Situations asset management across Greystone’s real estate portfolio.
• Identify challenged assets early and develop strategies to improve performance, restructure, recapitalize, reposition, sell, or otherwise maximize value.
• Identify opportunities within existing properties for development, redevelopment, repositioning, or other value creation.
• Develop and execute creative turnaround strategies through operational improvements, leasing, capital investment, development, changes in use, financing, or other solutions.
• Maintain clear accountability for asset-level strategy, performance, capital needs, and results.
• New Opportunities & Deal Making Evaluate new real estate opportunities brought to Greystone, including distressed investments, development and redevelopment opportunities, recapitalizations, and other special situations.
• Assess the real estate, business plan, capital requirements, risks, potential returns, and alternative transaction structures and recommend whether and how Greystone should pursue an opportunity.
• Operate as a deal maker, creatively structuring transactions involving debt, equity, joint ventures, development partners, new capital, or other solutions.
• Drive selected opportunities from initial evaluation through structuring, negotiation, approval, and execution.
• Workouts & Financial Engineering Lead complex workouts, restructurings, and recapitalizations from strategy through resolution.
• Negotiate with lenders, special servicers, JV partners, investors, borrowers, guarantors, and other stakeholders.
• Financially engineer complex real estate situations, including restructuring debt, preferred equity, JV equity, guarantees, and other elements of the capital stack.
• Develop multiple paths to resolution and determine when additional capital is warranted versus when an exit better protects value.
• Present senior management and investment committees with clear recommendations regarding strategy, risk, capital, and expected outcomes.

Qualifications & Experience

• Ideally 15+ years of commercial real estate experience in asset management, principal investing, development, special situations, restructuring, workouts, or related disciplines.
• Proven track record creatively turning around troubled or underperforming real estate assets.
• Demonstrated ability to evaluate complex real estate opportunities and identify development, redevelopment, repositioning, or other value-creation potential.
• Strong financial engineering and recapitalization experience, including complex real estate capital structures.
• Significant workout and negotiation experience with lenders, special servicers, investors, partners, and other sophisticated counterparties.
• Proven deal maker with the ability to structure, negotiate, and execute complex transactions.
• Deep understanding of real estate operations, development economics, debt and equity structures, valuation, and capital allocation.
• Strong judgment, financial and analytical skills, executive presence, and ability to communicate effectively with senior management and investment committees.
• Entrepreneurial, driven, creative, decisive, commercially minded, and highly accountable.

Greystone offers a competitive base salary and bonus. The base salary range for this position is $200,000 to $250,000/year. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the annual review process.

At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer. *For HUD's 2025 fiscal year ending September 30, 2025. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing company LLC and excludes risk sharing and hospital loans.

"Where people matter" are words we live by at Greystone. How? By fostering an empowering work environment, encouraging new initiatives, and recognizing and rewarding our employees. The standards that guide us – Excellence, Integrity, Entrepreneurship, and Caring – were selected and defined by our employees, for our employees. Founded in 1988, Greystone is a private commercial real estate finance and investment company built on the belief that business can and should improve people’s lives. Over nearly four decades, we have developed a national platform spanning debt, equity, investment sales, and loan servicing, supporting multifamily and healthcare properties across the U.S. Through our "Where People Matter" culture, we combine deep industry expertise with a commitment to meaningful impact. We do this through helping finance affordable housing, senior housing, and skilled nursing communities nationwide. At Greystone, experienced professionals join a collaborative, entrepreneurial environment where they can expand their platform, grow their careers, and contribute to work that makes a lasting difference.

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