Vice President Of Asset Management

Description

Vice President of Asset Management

Lupoli Companies - Lawrence, MA

Position Overview

Lupoli Companies is seeking an experienced and strategic Vice President of Asset Management to oversee the performance of its diversified real estate portfolio, which includes office, retail, multifamily, and mixed-use assets across the Merrimack Valley and the I-495 corridor in Northern Massachusetts.

This role will serve as the portfolio's "owner's representative," responsible for driving asset value, maximizing returns, and ensuring operational excellence. The Vice President of Asset Management will be a key member of the Real Estate leadership team, with direct oversight of property management and leasing functions, while coordinating closely with development and construction leadership.

The role will be based at Lupoli Companies' headquarters in Lawrence, MA.

Key Responsibilities

Portfolio Management & Strategy

• Oversee the performance of Lupoli's real estate portfolio, including office, retail, multifamily, and mixed-use assets.
• Develop and implement asset-level strategies to maximize NOI, occupancy, and long-term value.
• Monitor market trends and identify opportunities for repositioning, refinancing, acquisitions, and dispositions.

Financial Analysis & Reporting

• Lead financial modeling, forecasting, and risk analysis across the portfolio.
• Prepare and present regular reporting packages (monthly, quarterly, annual) to ownership, including NOI performance, occupancy trends, capital projects, and risks.
• Ensure budgets are prepared, monitored, and updated annually, with performance measured against benchmarks and prior years.

Leasing & Tenant Relations

• Oversee leasing strategies through the internal leasing team and third-party brokers.
• Negotiate major leases and ensure alignment with ownership objectives.
• Lead tenant retention initiatives, including structured check-ins, surveys, and proactive engagement to maintain high satisfaction and occupancy levels.

Capital Improvements & Operations Oversight

• Manage capital improvement planning and execution, ensuring projects are delivered on time and within budget.
• Collaborate with internal facilities staff, third-party managers, and vendors to maintain and enhance property quality.
• Coordinate across multifamily and commercial teams to eliminate operational silos.

Risk Management & Compliance

• Identify and mitigate risks related to leasing, deferred maintenance, compliance, insurance, and capital exposure.
• Establish a portfolio-wide risk matrix and mitigation strategy.

Team Leadership & Structure

• Directly manage asset-level staff including leasing, tenant relations, and facilities support (Scott M., Veronique, and Chris Scuderi).
• Provide clear reporting lines, defined responsibilities, and career development pathways for team members.
• Actively participate in the Real Estate leadership group, aligning Asset Management with Development (Morgan), Construction (Gary), and Ownership.

Qualifications

• Education: Bachelor's degree in Real Estate, Finance, Business Administration, or related field. A Master's degree or relevant certification (CFA, CCIM, CPM) preferred.
• Experience: Minimum 8-10 years of experience in real estate asset management with exposure to office, retail, and multifamily properties. Proven track record of driving NOI growth, occupancy improvement, and strategic execution.
• Skills: Strong analytical, financial modeling, and negotiation skills. Proficiency with real estate software such as Yardi Voyager. Exceptional written and verbal communication.
• Leadership: Demonstrated success managing cross-functional teams and reporting directly to executive leadership.