Director, Residential Asset Management

CBRE Group, Inc.; Boston, New York (MA, NY); Hybrid; USD 150,000 - 210,000; Full time

Job summary

CBRE Investment Management seeks a Director to join the residential asset management team. The role, based in New York City, Boston or Dallas, will act as Regional Asset Manager for a portfolio across Core, Core-Plus, and Value-Add assets, including multifamily and student housing.

You will develop overall investment strategy, optimize occupancy and revenue, and manage capital plans while collaborating with JV partners and third-party managers.

Qualifications

• Undergraduate or graduate degree in real estate, accounting, finance, economics, or related field preferred.
• Minimum of 10 years of direct experience in residential asset management.
• Strong organizational and multitasking abilities.
• Proven modeling and financial analysis skills including Excel."
• Excellent written and verbal communication; ability to influence senior management.

Responsibilities

• Oversee performance of an assigned residential portfolio across diverse assets (core, core-plus, value-add).
• Develop portfolio strategy, coordinate with third-party managers and JV partners for execution.
• Lead budgeting, business planning, and financial reporting for leasing NOI, AR, and variances.
• Drive leasing strategy, pricing, and marketing collaboration with on-site teams.
• Oversee third-party property management, project management, and consultants.
• Lead capital improvements and value-add initiatives across assets.
• Collaborate on valuations, dispositions, and financing with internal teams.
• Negotiate and manage purchase/sale and operating agreements.
• Mentor and develop junior team members and coordinate cross-functionally.

Skills

Analytical skills

Leadership & mentoring

Communication skills

Travel availability

Education

Bachelor's/Graduate degree in real estate, finance, economics

Tools

Excel

Yardi

AIRM

Job description

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with$155.2billionin assets under management* as ofMarch31,2026,operatingin 20 countries around the world. Through its investor-operator culture, the firmseeksto deliver sustainable investment solutions across real assets categories, geographies, riskprofilesand execution formats so that its clients,peopleand communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investmentfirmand a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investmentsourcingand other resources for the benefit of its clients. For more information, please visitwww.cbreim.com.

About the Role

CBRE Investment Management is seeking a Director to join our residential asset management team. The position could be based in New York City, Boston or Dallas. As an Asset Management Director, you will act as the Regional Asset Manager and work with a team of analysts and associates.

The Portfolio will consist of approximately 12-14 properties. The properties will span the risk spectrum - including Core, Core-Plus and Value-Add - and may include multifamily, student housing, build-to-rent (BTR) and scattered-site single-family rental (SFR) assets. This position reports to the Head of Asset Management for the Residential sector.

The Director will develop the overall investment strategy for the Portfolio. This role is integral to the continued growth of CBRE IM's residential platform by maximizing asset value through optimizing occupancy, growing revenue, reducing expenses, managing capital and driving other value-add initiatives.

What You’ll Do

• Oversee and monitor performance of an assigned portfolio. Develop strategy for the properties and work with the third-party managers or JV partners to ensure timely execution of the plan.
• Partner with the transaction team on underwriting and due diligence for new acquisitions.Manage the takeover of new acquisitions.
• Prepare Budgets, Business Plans and Reporting:Directly responsible for the portfolio’s leasing, NOI, AR and other performance. Create annual budgets and business plans for the properties in accordance with different portfolio strategies (three CBRE IM funds and various separate accounts). In conjunction with property management, accounting and analysts, responsible for financial reporting, reforecasts, and variance analysis on ad hoc, monthly, quarterly and annual basis.
• Leasing:Lead operations and leasing strategy calls with on-site team.Work with applicable pricing managers to develop new lease and renewal pricing for properties.Work with management companies to ensure plan for marketing and leasing strategies are successful.
• Third Party Oversight:Oversee third party property management, project management and tax consultants, including the review of operating expenses and completing capital expenditure plans.
• Capital Improvements:Create and lead value-add capital improvement plans across a diverse portfolio of residential assets, and conduct periodic site visits to review physical condition and compliance standards.
• Valuation, Disposition and Financing Collaboration:
  • Valuations:Collaborate with Portfolio Management on valuations using income, sales comparison, and replacement cost approaches. Assist in the review of quarterly appraisals and provide feedback to portfolio management.
  • Dispositions:Analyzing BOVs, running hold-sell analysis, and gathering due-diligence information. Assist with the Investment Committee disposition presentation.
  • Financing:Collaborate with internal capital markets team and assisting with data requests.
• Documentation:Negotiate purchase and sale agreements, operating agreements and property management agreements.
• Operating Partner Accountability:Supervise and drive operating partners, holding them accountable for maximizing value and profitability.
• Cross-Functional Coordination:Interact effectively with in-house departments - including the transactions, capital markets, accounting and legal - to ensure a consistent understanding of performance expectations and efficient use of resources.
• Market Leadership:Establish credibility both internally and externally as a residential asset management expert.
• Develop, train and mentor junior members of the team.

What You’ll Need

• Undergraduate or graduate degree in real estate, accounting, finance, economics, or related field preferred.
• Minimum of 10 years of direct experience in residential asset management.
• Highly organized with ability to lead multiple tasks in a dynamic, team environment.
• Strong knowledge of asset and property management, leasing, marketing, financial reporting and financial concepts.
• Present information effectively to other employees, senior management, and client groups in private and public settings.
• Travel 30-50% of the time, including overnight.
• Experience successfully implementing and overseeing significant value-add capital projects to achieve targeted ROI.
• Experience in managing JV relationships as well as experience in the student housing sector.
• Prior property management and construction oversight experience.
• Strong modeling and analytical skills, including regular use of Excel and the MS Office suite.
• Experience working with Yardi, AIRM and industry related research and operating platforms.
• Acute attention to detail, ability to multitask, and strong organizational skills.
• Outstanding written and verbal communication.
• Self-starter, able to work independently or in a team environment.
• Demonstrated flexibility to handle multiple projects in a fast-paced environment.
• Unquestionable integrity and ethics.
• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future