Director of Portfolio Management

Director of Portfolio Management

📍 Berkeley, CA

Bullpen, on behalf of a growing real estate investment and development platform, is seeking a Director of Portfolio Management to take a senior, high-impact role overseeing portfolio performance, forecasting, and execution across a rapidly expanding student housing and mixed-use residential portfolio.

This is a strategic position at the intersection of investments, capital markets, portfolio management, and development, driving outcomes across both operating assets and ground-up projects.

The Role

The Director will own portfolio-level financial performance while supporting underwriting, deal structuring, and long-term planning. You’ll be a key voice in capital allocation decisions and investor reporting as the firm scales nationally.

What You’ll Do

Portfolio Management & Financial Oversight

• Lead budgeting, forecasting, and portfolio cash-flow planning.
• Manage financial models for operating assets development projects.
• Produce monthly/quarterly reporting packages and performance dashboards.
• Run hold/sell evaluations, refinancing scenarios, and capital optimization work.
• Partner with operations teams to ensure leasing, occupancy, NOI, and rent growth targets are met.

Investments & Underwriting Support

• Support underwriting for new acquisitions and developments.
• Assist with JV structuring, waterfalls, and capital stack analysis.
• Participate in due diligence across budgets, ops statements, comps, and third-party reports.
• Contribute to investment memos and IC materials.

Capital Markets & Strategic Planning

• Provide portfolio analytics for debt/equity processes.
• Evaluate recapitalizations, refis, and dispositions.
• Support long-term planning, pipeline forecasting, and AUM projections.

Cross-Functional Leadership

• Align closely with development, asset management, ops, and leasing.
• Mentor analysts/associates across the investment and portfolio management functions.

What You Bring

• 7–12 years in real estate private equity, acquisitions, portfolio/asset management, investment banking, or development.
• Strong Excel modeling and financial analysis skills.
• Experience underwriting real estate investments (student housing or multifamily preferred).
• Familiarity with capital structuring, JV partnerships, financing, and transaction execution.
• Ability to synthesize complex data and present it clearly to senior leadership/investors.
• Highly organized operator who thrives in a fast-paced, entrepreneurial environment.
• Bachelor's required; advanced degree preferred.

Why This Role Is Compelling

• High-visibility seat at a platform experiencing real growth.
• Exposure to the full lifecycle: underwriting → development → operations → capital markets → portfolio strategy.
• Entrepreneurial environment true advancement upside.
• Competitive compensation, strong bonus potential, and long-term incentive opportunities.