Vice President, Asset Management

About Castle Park Investments:

Castle Park Investments is a New York-based real estate private equity firm with a distinct focus on niche investment opportunities in manufactured housing communities, RV resorts, and campgrounds across the country. Established in 2020, Castle Park has rapidly expanded its portfolio to include 2,800 units spanning seven states, amassing an impressive $175 million in assets under management (AUM).

Recently, Castle Park entered into a strategic partnership with a prominent New York-based global private equity fund, forming a $200 million joint venture. This collaboration underscores our commitment to further consolidating and enhancing value-add manufactured housing communities, RV resorts, and campgrounds, presenting a unique opportunity to shape the future of these markets.

Job Description:

As the Vice President of Asset Management at Castle Park Investments, you will be the driving force behind the asset management function, playing a pivotal role in optimizing the performance and value of our real estate portfolio. You will lead a team of asset management professionals and collaborate closely with senior executives to drive growth and success.

Key Responsibilities:

1. Strategic Asset Management: Develop and execute a comprehensive asset management strategy for the entire portfolio, ensuring alignment with the company's goals and objectives.
2. Portfolio Optimization: Oversee the performance of existing assets, identifying opportunities for revenue growth, cost reduction, and value enhancement. Implement value-add strategies that enhance the overall quality of the portfolio.
3. Team Leadership: Lead, mentor, and manage a team of asset management professionals, providing guidance and support in executing asset management strategies.
4. Investment Decision Support: Collaborate with the investment team, providing key insights, data, and expertise necessary for investment decision-making. Assist in conducting due diligence on potential investment opportunities.
5. Reporting and Stakeholder Communication: Prepare and present regular reports and presentations to communicate asset performance and recommendations to internal and external stakeholders.
6. Market Analysis: Conduct ongoing market research and demographic analysis to inform acquisition and asset management decisions. Stay updated on industry trends and market dynamics that could impact portfolio performance.
7. Financial Modeling: Oversee the development and maintenance of financial models for properties and portfolios, ensuring they accurately reflect performance and investment potential.
8. Ad-hoc Initiatives: Lead and engage in various ad-hoc tasks and projects as required, contributing to the overall effectiveness and success of the asset management function.

• Bachelor's degree in finance, real estate, economics, or a related field
• MBA, Master's or CFA a plus
• 4-7 years of experience in asset management within the real estate or private equity industry.
• Exceptional leadership, analytical, and problem-solving skills.
• Proficiency in financial modeling, data analysis, and Microsoft Excel.
• Outstanding communication skills, both written and verbal.
• In-depth expertise in real estate, investment principles, and asset management.
• Ability to lead and inspire a team while also working collaboratively.
• A keen eye for detail with a commitment to accuracy and thoroughness.

The base salary range for this position is $175,000-$225,000.