Director, Residential Asset Management

CBRE Investment Management is a leading global real assets investment management firm with $155.2 billion in assets under management as of March 31, 2026, operating in 20 countries. Through its investor-operator culture, the firm delivers sustainable investment solutions across real assets categories, geographies, risk profiles, and execution formats. CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm.

About the Role

CBRE Investment Management is seeking a Director to join our residential asset management team. The position could be based in New York City, Boston, or Dallas. As an Asset Management Director, you will act as the Regional Asset Manager and work with a team of analysts and associates. The portfolio will consist of approximately 12–14 properties spanning the risk spectrum—including Core, Core-Plus, and Value-Add—and may include multifamily, student housing, build-to-rent (BTR), and scattered-site single-family rental (SFR) assets. This position reports to the Head of Asset Management for the Residential sector.

Responsibilities

• Oversee and monitor performance of an assigned portfolio.
• Develop strategy for the properties and work with third-party managers or JV partners to ensure timely execution of the plan.
• Partner with the transaction team on underwriting and due diligence for new acquisitions.
• Manage the takeover of new acquisitions.
• Prepare budgets, business plans, and reporting:
  • Directly responsible for the portfolio’s leasing, NOI, AR, and other performance metrics.
  • Create annual budgets and business plans for properties in accordance with different portfolio strategies (three CBRE IM funds and various separate accounts).
  • In conjunction with property management, accounting, and analysts, responsible for financial reporting, reforecasts, and variance analysis on ad hoc, monthly, quarterly, and annual bases.
• Leasing:
  • Lead operations and leasing strategy calls with the on-site team.
  • Work with applicable pricing managers to develop new lease and renewal pricing for properties.
  • Ensure successful execution of marketing and leasing strategies with management companies.
• Third-Party Oversight:
  • Oversee third-party property management, project management, and tax consultants.
  • Review operating expenses and complete capital expenditure plans.
• Capital Improvements:
  • Create and lead value-add capital improvement plans across a diverse portfolio of residential assets.
  • Conduct periodic site visits to review physical condition and compliance standards.
• Valuation, Disposition, and Financing Collaboration:
  • Valuations: Collaborate with Portfolio Management on valuations using income, sales comparison, and replacement cost approaches. Assist in the review of quarterly appraisals and provide feedback.
  • Dispositions: Analyze BOVs, run hold-sell analysis, and gather due-diligence information. Assist with Investment Committee disposition presentations.
  • Financing: Collaborate with the internal capital markets team and assist with data requests.
• Documentation: Negotiate purchase and sale agreements, operating agreements, and property management agreements.
• Operating Partner Accountability: Supervise and drive operating partners, holding them accountable for maximizing value and profitability.
• Cross-Functional Coordination: Interact effectively with in-house departments—including transactions, capital markets, accounting, and legal—to ensure consistent performance expectations and efficient resource use.
• Market Leadership: Establish credibility internally and externally as a residential asset management expert.
• Develop, train, and mentor junior members of the team.

Requirements

• Undergraduate or graduate degree in real estate, accounting, finance, economics, or a related field preferred.
• Minimum of 10 years of direct experience in residential asset management.
• Highly organized with the ability to lead multiple tasks in a dynamic, team environment.
• Strong knowledge of asset and property management, leasing, marketing, financial reporting, and financial concepts.
• Ability to present information effectively to employees, senior management, and client groups in private and public settings.
• Travel 30-50% of the time, including overnight stays.
• Experience successfully implementing and overseeing significant value-add capital projects to achieve targeted ROI.
• Experience managing JV relationships and in the student housing sector.
• Prior property management and construction oversight experience.
• Strong modeling and analytical skills, including proficiency in Excel and the MS Office suite.
• Experience working with Yardi, AIRM, and industry-related research and operating platforms.
• Acute attention to detail, ability to multitask, and strong organizational skills.
• Outstanding written and verbal communication.
• Self-starter, able to work independently or in a team environment.
• Demonstrated flexibility to handle multiple projects in a fast-paced environment.
• Unquestionable integrity and ethics.
• Must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Pay

The minimum salary for this position is $200,000 annually, and the maximum salary is $225,000 annually. Compensation will depend on the candidate’s skills, qualifications, and experience. Successful candidates may also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.