Director, Real Estate - New England Owned Assets
Greystar · Boston, MA · 2 wk ago
Management$175k–$185k/yrFull-time
Operational Execution and Oversight
- Accountable for the operational execution and performance of the portfolio.
- Ensure strong team alignment with property-level strategies, regional goals, and organization initiatives.
- Hold RPMs accountable for conducting regular site visits and property inspections.
- Prioritize and personally conduct site visits based on operational risk, performance gaps, and opportunities.
- Review and actively manage key performance indicators (delinquency, turnover, make ready, etc).
- Ensure asset improvement plans are clearly defined, executed effectively and efficiently, and tracked with measurable outcomes and accountability.
- Be the trusted market expert, quickly identify trends, understand the operational impacts, and translate insights into action.
- Lead and actively participate in initiatives that improve operational effectiveness.
- Adhere to timelines for reporting, accounting, etc.
Financial Management
- Ensure strong financial stewardship of the portfolio.
- Train and mentor RPMs on best practice budgeting, financial areas of risk, and financial storytelling.
- Review and approve all property-level budgets, key performance indicators, and financial performance.
- Use data-driven insights to identify trends, risks, gaps, and opportunities for improvement.
- Make informed operational decisions based on sound accurate financial analysis.
- Partner closely with RPMs and Accounting to ensure accurate and timely reporting.
- Provide clear, consistent communication regarding financial performance.
Talent and Leadership
- Model and reinforce Greystar's core values and leadership competencies.
- Hire, develop, and retain high-performing RPMs and regional leaders.
- Coach and develop direct reports through one-on-one meetings, team huddles, performance feedback, and targeted development plans.
- Hold leaders accountable for recruiting, onboarding, training, performance management, and talent assessment.
- Ensure consistent and compliant interpretation and application of HR policies and employment laws.
- Provide timely, specific, candid, and considerate feedback.
- Ensure timely corrective actions and fact-based terminations.
- Foster team engagement, recognition, and a positive performance-driven culture.
Client and Resident Engagement
- Strengthen and sustain client relationships.
- Ensure proper preparation for client calls, visits, and meetings.
- Provide clients with clear updates, proactive insights, and action-oriented solutions.
- Represent Greystar's brand, values, and service standards in all client and resident interactions.
Risk Management and Compliance
- Ensure full compliance with legal, regulatory, and internal operational standards.
- Perform final review of audits and confirm all action items have been appropriately addressed.
- Proactively identify and mitigate operational and safety risks.
- Display sound judgment when to escalate critical issues.
- Maintain accurate documentation and reporting.
Business Development Support
- Contribute to new business efforts.
- Support underwriting and due diligence processes.
- Aid in pitch preparation and presentations.
- Promote Greystar's reputation for operational excellence and service quality.
Experience and Education
- Typically, 10 or more years of increasing responsibility and complexity in relevant experience.
- Minimum of 5 years of progressive leadership experience in property operations or real estate management, preferably in multi-family housing.
- Bachelor's degree in Real Estate, Business Administration, Finance, Accounting, or related field preferred.
Additional Compensation
- Base salary range: $175,000 - $185,000.
- Quarterly or annual bonus program based on individual and company performance.
- Onsite Property Positions: Weekly, monthly, and/or quarterly bonus programs.
Corporate Positions
- Quarterly or annual bonus program based on individual and company performance.
Benefits Offered
- Competitive Medical, Dental, Vision, and Disability & Life insurance benefits.
- Generous Paid Time off.
- Onsite Housing Discount.
- 6-Week Paid Sabbatical after 10 years of service.
- 401(k) with Company Match up to 6% of pay.
- Paid Parental Leave and lifetime Fertility Benefit reimbursement.
- Employee Assistance Program.
- Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
- Charitable giving program and benefits.