Director of Asset Management - One Times Square

About the role

The Director of Asset Management will serve as the executive lead for the performance and strategy of One Times Square (OTS) in New York City, overseeing financial results, operational execution, tenant and partner relationships, and investor engagement. This leader will drive value creation across multiple business lines within the building, from leasing and tenant partnerships to placemaking and capital projects. The role requires a blend of financial acumen, real estate expertise, and thoughtful leadership to ensure the property becomes an enduring success story. This individual will act as a trusted strategic advisor to ownership, leveraging deep financial and operational expertise to drive value creation, manage complex partnerships, and ensure the property succeeds as both an investment and an experience.

Responsibilities

• Serve as the senior leader responsible for all aspects of asset performance for One Times Square
• Own the P&L responsibility for OTS, ensuring short-term performance and long-term value creation objectives are met.
• Develop and execute multi-year business plans, investment strategies, and capital deployment priorities.
• Oversee forecasting, budgeting, financial modeling, and scenario analysis; ensure financial accuracy and insight in decision-making.
• Lead reforecast and valuation discussions with ownership, investors, and senior leadership.
• Stay attuned to capital market trends and structure strategies around refinancing, recapitalization, and long-term financial optimization.
• Drive leasing strategy, tenant mix, and activation plans to optimize the building’s ecosystem of businesses.
• Negotiate leases, joint ventures, and operations agreements to maximize value while protecting ownership’s interests.
• Identify and implement opportunities for capital improvements and revenue enhancement.
• Decision-making role regarding key initiatives at asset (e.g. selection of leasing broker, approval of budgets, etc.)
• Ongoing review and thorough understanding of monthly reports submitted by JV partner’s property management; maintain dialogue with asset team.
• Maintain strong knowledge of governing documents – partnership agreements, loans, complex joint venture agreements, leases at property
• Maintain strong market knowledge, including market reports/commentary, and share with leadership as appropriate.
• Provide executive oversight of property operations, leasing, tenant relations, and vendor performance.
• Drive excellence in service delivery and operational efficiency across all business lines within OTS.
• Lead the implementation of placemaking initiatives, tenant mix strategies, and capital improvement programs.
• Ensure compliance with loan requirements, partnership agreements, and governance structures.
• Collaborate with internal teams to deliver cohesive vision for the asset and best-in-class tenant experience.
• Serve as the primary executive liaison for Fund Management and Investment Committee.
• Collaborate with Fund Management on preparation and presentation of investor reports, financial updates, and strategic reviews.
• Maintain strong, transparent relationships with lenders, ensuring alignment with ownership’s objectives.
• Represent the firm’s interests in negotiations, governance discussions, and long-term partnership planning.
• Lead, coach, and develop a high-performing team supporting the asset.
• Build strong cross-functional alignment across business units including leasing, construction, creative and marketing, and property management, ensuring consistent execution of OTS’ strategy.
• Build a culture of accountability, innovation, and collaboration at the asset level.
• Model leadership behaviors that reflect