Director, Asset Management

Faropoint is a pure-play real estate fund manager established in 2012, specializing in the last-mile industrial sector. With over 500 warehouses acquired, Faropoint is the most active aggregator of warehouses in the U.S. over the past five years. Our platform leverages sector fragmentation through 7 regional offices, 120+ employees, and vertically integrated teams enhanced by proprietary AI-driven tools, supported by strong fundamentals like constrained supply growth, reshoring, and e-commerce tailwinds.

About the role

The Faropoint Investments Team is expanding, and we are seeking an ambitious and motivated Asset Manager to join our Hoboken, NJ headquarters. The ideal candidate will have 5-8 years of Asset Management experience and a desire to grow into Real Estate Private Equity.

Responsibilities

• Manage industrial assets end-to-end from a property/asset management perspective, including tenant support, written reports, updating tech platforms, record keeping, and tenant relations.
• Lead the leasing process, including market analysis, comparative analysis, and negotiations.
• Conduct 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.
• Maintain properties by scheduling ongoing routine maintenance, coordinating maintenance technicians and construction management schedules, and preparing bid proposals, service contracts, and invoices.
• Assist in scheduling tenants’ maintenance requests.
• Develop analytical tools to help leadership better understand the portfolio and streamline work processes.
• Assist in lease administration, such as maintaining tenant contacts, tracking insurance, collections, and property inspections.
• Prepare and code invoices for PM/AM approval, and manage accounts receivable and accounts payable.
• Assist with monthly and quarterly reporting to investors.

Requirements

• 5-8 years of experience as an Asset Manager in the industrial/commercial real estate industry.
• Bachelor’s degree.
• Proficiency in Microsoft Office, including advanced Excel skills.
• Ability to give and take direction, interface professionally with decision-makers, and maintain confidentiality.
• High learning agility with the ability to manage multiple priorities in a fast-paced, dynamic environment.
• Strong attention to detail and accuracy.
• Self-starter who independently drives projects to completion by sourcing information and leveraging 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.

Benefits

• Competitive base salary in the $120,000 to $145,000 range.
• Discretionary bonus.
• Healthcare benefits.
• Unlimited PTO.
• 401k match.