Fidelity will not provide immigration sponsorship for this position.
Job Description:
Pembroke is an international real estate advisor that acquires, develops, and manages properties and places, specializing in mixed-use and office environments in the world’s leading cities.
We believe real estate is about more than buildings. By combining global expertise with local knowledge, we create long-term value for our tenants, investors, and the communities in which we work. Our colleagues bring expertise from a variety of disciplines and share a commitment to excellence, integrity, collaboration, and continuous improvement. Working together, we create places people love.
Pembroke has offices in Boston, London, Munich, Stockholm, Sydney, Tokyo, and Washington, DC, and manages approximately 9.8 million sq ft/915K sq m in North America, Europe, and Asia Pacific. Facilitating the patient capital of FMR LLC, commonly known as Fidelity Investments, and Fidelity International Limited, we invest in global markets with long-term growth potential. For more information, visit our website:
The Role
The Vice President, US Asset Management will provide strategic oversight and drive asset-level performance across Pembroke’s US portfolio. The portfolio comprises 10 office and mixed-use buildings totaling approximately 3.7 million square feet, as well as two multifamily properties totaling 547 units across Boston, Washington, DC, San Francisco, and Seattle.
This leader will set portfolio and asset strategies, assess risks and opportunities, and guide decisions that support long-term performance and value creation. The Vice President will lead and develop three regional asset management leaders supporting Boston, Washington, DC, and the West Coast.
Based in Pembroke's Boston office, the Vice President will oversee the Boston portfolio, including leasing, property performance, capital planning, and tenant relationships. The role will serve as Pembroke's Boston market expert, strengthening the firm's presence in the market, building industry relationships, and advising senior leadership and investors on market trends and opportunities. The Vice President will also help guide the strategy and management of investments into new markets and expansion of Pembroke’s multifamily portfolio.
This position reports to the Managing Director of Asset Management and Development.
The Expertise and Skills You Bring
- Deep office, retail, and multifamily asset management expertise spanning strategy, value creation, leasing, budgeting, capital planning, project execution, and operational oversight.
- Proven ability to develop and implement strategies for complex real estate assets and portfolios, allocate capital, prioritize initiatives, manage risk, and drive long-term value creation while consistently meeting key business priorities.
- Demonstrated success leading and developing geographically dispersed, high-performing asset management teams through clear goals, effective delegation, coaching, feedback, difficult conversations, and succession planning.
- Deep knowledge of leasing and capital markets, supported by market intelligence that informs asset and portfolio strategies.
- Proactive and creative approach to anticipating tenant and market needs and finding opportunities to enhance asset value.
- Strong negotiation, problem-solving, and decision-making skills, including sound judgment when priorities shift or information is incomplete causing ambiguity.
- Ability to lead cross-functional initiatives and build alignment across Asset Management, Development, Finance, Legal, Marketing, Interior Design, Sustainability, and other subject areas.
- Executive-level communication and presentation skills, with experience conveying asset performance, business plans, investment recommendations, and portfolio strategies to senior leaders, ownership groups, and institutional investors.
- Strong relationship-management skills and an established network across tenants, brokers, owners, lenders, legal advisors, consultants, and other industry partners.
- Exceptional financial acumen and analytical skills.
Responsibilities (US/Boston)
- Establish and execute U.S. portfolio and Boston asset strategies and business plans that maximize long-term performance and value, including identifying risks, opportunities, and value-creation initiatives.
- Lead leasing strategy, lease-expiration planning, leasing agent oversight, and negotiations to minimize downtime and maximize asset value.
- Oversee operating budgets, financial performance, expenditure controls, and capital planning, and develop and implement asset management best practices across U.S. markets in partnership with Finance.
- Evaluate and prepare business cases for strategic portfolio initiatives, including redevelopments, refurbishments, capital projects, and potential acquisitions. Develop recommendations for senior leadership and investors based on asset quality, market conditions, risks, underwriting assumptions, and return parameters.
- Collaborate with Pembroke’s development team to oversee/manage refurbishments and capital projects.
- Oversee external property managers and hold them accountable for achieving financial, operational, expense-management, and customer-service critical metrics
- Build relationships with tenants, brokers, owners, lenders, advisors, service providers, the broader real estate community, and government agencies, including Massport, as needed.
- Oversee market research, data gathering, and forecasts, translating insights into timely recommendations, investment memoranda, executive reports, and presentations.
- Maintain institutional-quality records in Pembroke’s management and reporting tools and ensure compliance with applicable governance, loan, and reporting requirements.
- Collaborate across specialist functions and lead the U.S. Asset Management team through clear priorities, delegation, coaching, feedback, professional development, and a high-performance culture.
Qualifications:
- Bachelor's degree required; master's preferred, not required.
- 20 plus years of commercial real estate experience, including substantial work in asset and portfolio management, leasing, acquisitions, capital projects, property operations, and preferably an institutional investment platform.
- Experience supporting complex leasing, acquisition, disposition, financing, redevelopment, and capital project transactions.
- Proficient in ARGUS Enterprise and Excel cash-flow modeling for valuation, underwriting, and scenario analysis.
- Proficient in Yardi Voyager and construction management software.
- Working knowledge of building systems, construction processes and tenant improvement build-outs.
Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.