Director of Real Estate - Thrasher Family Holdings

About the role

Thrasher Family Holdings, the family office and asset management arm of the Thrasher family of businesses, is seeking a Director of Real Estate to lead the family’s real estate strategy and investment activity. The role will oversee a $100 million operating portfolio, manage approximately 15 operating facilities, and identify and pursue new investment opportunities, including direct acquisitions of multi‑family or commercial properties and investments through third‑party real estate funds. This individual‑contributor position offers significant autonomy and close collaboration across the organization, working with the Controller, a Project Manager, local operating company or tenant leadership, the Risk Manager, and external brokers, attorneys, lenders, and fund managers.

Key Responsibilities

• Take ownership of the company’s approximately 15 operating facilities, ensuring they meet evolving business needs while maximizing asset value and effectiveness.
• Maintain a current view of portfolio condition, valuations, and capital needs across all owned facilities.
• Source, evaluate, and negotiate the purchase of new facilities to support growth or changing operational requirements.
• Lead due diligence, financial underwriting, and closing coordination (with legal, tax, and lending partners) for all facility and investment acquisitions.
• Develop and execute the investment strategy for the real‑estate investment portfolio, including direct acquisition of multi‑family and commercial properties and allocations to third‑party real‑estate funds.
• Evaluate new investment opportunities, monitor fund manager and asset performance, and provide insight into portfolio performance and returns.
• Oversee day‑to‑day property management across the portfolio, working directly with operating teams or through third‑party managers, brokers, and vendors.
• Partner with the Project Manager to plan and prioritize onsite maintenance and capital‑improvement projects.
• Negotiate and manage leases for owned properties, handling terms for both Thrasher operating businesses and any third‑party tenants.
• Oversee rent collection, lease compliance, and tenant relations.
• Partner with the Controller on property‑level accounting, budgeting, and financial reporting, including property tax matters and transaction structuring (e.g., 1031 exchanges).
• Work with the Risk Manager to determine appropriate insurance coverage for all owned properties and support placement, renewal, and claims processes.
• Keep the Managing Director informed on portfolio performance, acquisition opportunities, and emerging real‑estate investments, providing recommendations that support the family’s long‑term objectives.

Qualifications

• Bachelor’s degree in real estate, finance, business, or a related field; MBA or advanced degree/certification (e.g., CCIM, CPM) is a plus.
• 8–12+ years of experience in commercial real estate investment, asset management, or corporate real estate, including direct experience with property acquisitions and portfolio/asset management.
• Strong working knowledge of commercial leasing, property tax matters, property‑level accounting, and insurance/risk considerations for real estate.
• Experience evaluating or investing in real estate funds is a plus.
• Advanced financial modeling, underwriting, and analytical skills.
• Excellent negotiation, project management, and cross‑functional communication abilities; comfortable working independently while coordinating with accounting, risk management, and legal partners.
• Willingness to travel regularly across the portfolio’s facility locations.

About Thrasher Family Holdings

Thrasher Family Holdings manages the assets and interests of family trusts that encompass several business entities and properties throughout the United States, including Thrasher Foundation Repair and Supportworks. This role offers the opportunity to take meaningful ownership of a family‑owned real‑estate portfolio while shaping its next phase of investment and growth.