Director, Asset Management

Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. The company supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments worldwide and provides key corporate, transaction, and management services across a $76 billion portfolio of high‑yield and opportunistic real‑estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies.

Position Overview

The Director, Asset Management oversees a diversified portfolio of intricate debt investments secured by various types of commercial real estate, including ground‑up construction, renovations, capital improvements, and leasing projects across major U.S. markets. Properties span office, retail, industrial, multifamily, condominium, student housing, and hospitality sectors.

Responsibilities

• Interpret complex loan agreements to accurately apply loan terms in asset management activities.
• Work closely with internal teams to streamline asset servicing and ensure precise and prompt reporting.
• Oversee draw processes, ensuring all pre‑funding conditions meet credit agreements for construction, leasing, and capital expenditures.
• Facilitate funding with lenders, their syndicates, co‑lenders, and note‑on‑note financiers.
• Analyze lease proposals and draft recommendation memos for clients.
• Engage with external consultants (legal advisors, title agents, brokers, leasing/sales agents, construction experts).
• Use software and applications to manage and monitor data on properties, borrowers, and performance.
• Organize and assess monthly financial statements from borrowers and other required reports.
• Collect and evaluate annual operating and capital budgets.
• Assess ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
• Evaluate proposed cash‑management distributions to ensure accurate application according to cash‑flow waterfalls.
• Conduct covenant compliance checks per loan documentation (Debt‑Yield, Loan‑to‑Value, Debt Service Coverage Ratio).
• Generate and maintain monthly asset reports and quarterly reporting packages, including investment‑performance analysis.
• Coordinate with tax and insurance teams to oversee coverage, payments, and escrow requirements.
• Approve annual operating and capital budgets and tenant leases.
• Mentor financial analysts, fostering professional development and skill enhancement.

Required Qualifications

• Bachelor’s degree in finance, accounting, real estate, or a related discipline.
• 5+ years of experience in debt asset management or loan servicing.
• Proficiency in Microsoft Excel, Word, and Outlook.
• Understanding of complex commercial real‑estate structured‑finance transactions.
• Knowledge of commercial real‑estate transactions, industry terminology, and capital markets.
• Exceptional written and verbal communication skills.
• Skill in interpreting intricate credit and legal documentation.
• Strong analytical and mathematical abilities.
• Capacity to manage multiple tasks simultaneously and meet deadlines.
• Team‑oriented mindset, ready to collaborate toward collective goals.
• Advanced Excel proficiency, including complex worksheet construction.
• Ability to travel 10–15 %.

EEO Statement: Brio Real Estate is an equal‑opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee on any legally protected basis, including veteran status, servicemember status, race, color, caste, immigration status, religion, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy, age, national origin or ancestry, citizenship, physical or mental disability, genetic information, protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations; please email for assistance.

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