VP of Asset Management

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

Job summary

Blackstone Real Estate seeks a Vice President of Asset Management based in New York to lead asset-level strategy and performance across a diversified portfolio, aligning actions with approved business plans and market conditions.

This senior role collaborates with property management, leasing, capital projects and investment teams to drive NOI growth, manage budgets, leases, capital planning, and lender reporting, with direct exposure to investment committee decisions.

Responsibilities

• Lead asset-level performance management across a portfolio, driving NOI growth and value creation against approved business plans
• Oversee annual property operating budgets, reforecasts, and variance analysis; identify risks/opportunities and implement corrective actions
• Manage leasing and revenue strategy in partnership with leasing teams and property management, including renewals, tenant retention, and deal economics review
• Direct capital planning and execution oversight, including prioritization of initiatives, ROI evaluation, and coordination with development/construction partners as applicable
• Drive third-party manager oversight and accountability through KPI tracking, operating reviews, and service-level governance
• Maintain asset-level valuations and performance models; monitor market conditions, competitive positioning, and comparable transactions/rents
• Evaluate financing and capital markets considerations at the asset level, supporting refinancing, covenant compliance, and lender reporting as needed
• Partner with acquisitions and dispositions teams on hold/sell analysis, valuation support, and transaction execution planning
• Prepare and present asset performance updates and recommendations for internal investment committees and senior leadership

Job description

This VP of Asset Management role leads asset-level strategy and performance management across a portfolio, with accountability for driving operating results and long-term value creation. The position operates at a senior level, partnering closely with property management, leasing, capital projects, and investment teams to align execution with approved business plans and market conditions. Based in New York, this role also serves as a key voice in investment decision-making, providing performance perspective and recommendations to senior leadership and internal committees.

Job Features

• Lead asset-level performance management across a portfolio, driving NOI growth and value creation against approved business plans
• Oversee annual property operating budgets, reforecasts, and variance analysis; identify risks/opportunities and implement corrective actions
• Manage leasing and revenue strategy in partnership with leasing teams and property management, including renewals, tenant retention, and deal economics review
• Direct capital planning and execution oversight, including prioritization of initiatives, ROI evaluation, and coordination with development/construction partners as applicable
• Drive third-party manager oversight and accountability through KPI tracking, operating reviews, and service-level governance
• Maintain asset-level valuations and performance models; monitor market conditions, competitive positioning, and comparable transactions/rents
• Evaluate financing and capital markets considerations at the asset level, supporting refinancing, covenant compliance, and lender reporting as needed
• Partner with acquisitions and dispositions teams on hold/sell analysis, valuation support, and transaction execution planning
• Prepare and present asset performance updates and recommendations for internal investment committees and senior leadership

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