Bluestone Properties

Director

• **Strategic Portfolio Oversight**
• - **Fund Strategy:** Act as the internal LP voice to ensure portfolio execution aligns with the stated investment thesis, provides optimal diversification across geographies, vintages, and multifamily sub-types (e.g., Garden-style vs. Mid-rise).
• - **Fiduciary Leadership:** Act as a primary fiduciary for pension plan LPs, ensuring all investment decisions and capital allocations meet the strict risk-return profiles of institutional retirement funds.
• - **Hold/Sell Analysis:** Lead the quantitative assessment for dispositions and recapitalizations, balancing the need for realized gains with the long-term cash flow requirements of our investors.
• **Performance & Financial Governance**
• - **Valuation Management:** Direct the quarterly valuation process under institutional standards, coordinating with third-party appraisers and internal deal teams to ensure "bulletproof" marks for audit.
• - **Risk Mitigation:** Monitor portfolio-level risk, including interest rate exposure, insurance cost volatility, and regulatory changes (e.g., rent control legislation) that impact the long-term yield.
• - **Capital Allocation:** Oversee the funding of major capital expenditure (CapEx) programs across the portfolio, ensuring value-add initiatives are delivering the underwritten ROI.
• **Institutional Investor Relations**
• - **LP Reporting:** Own the end-to-end delivery of quarterly institutional reporting packages, utilizing ILPA and GIPS standards to provide best-in-class transparency.
• - **Strategic Liaison:** Serve as a key point of contact for Pension Plan Investment Officers and Consultants, presenting portfolio performance, market outlooks, and ESG/DEI initiatives.
• - **Side Letter Compliance:** Ensure the fund adheres to all specific LP side letters, including concentration limits and reporting nuances.
• **Operational Infrastructure & Team Leadership**
• - **Systems Architecture:** Evaluate and optimize portfolio management technology (e.g., **Yardi, RealPage, etc.**) to automate data collection and improve the speed of "top-down" analysis.
• - **Cross-Functional Collaboration:** Partner with the Acquisitions team to ensure "portfolio fit" for new deals and with Asset Management to drive property-level NOI performance.
• - **Mentorship:** Lead and develop a team of portfolio analysts, fostering a culture of technical excellence and institutional rigor.

Director of Portfolio Management – Multifamily