Director of Asset Management

Wellings Capital is a real estate private equity firm based in Central Virginia with over $450 million AUM and over $200 million of equity under management. We help investors protect and grow their wealth through private commercial real estate while pursuing a broader mission — to rescue victims of human trafficking ((url removed)).Our portfolio spans manufactured home communities, self-storage, multifamily, small-bay industrial, and open-air shopping centers nationwide.Core ValuesROI > AUM: Deliver returns first; growth follows. Adaptability: Shift the sails, stay the course. Transparency: Communicate openly with investors, partners, and teammates. Humility: Collaborate without ego and keep learning.The OpportunityAs Wellings Capital’s first dedicated Director of Asset Management, you’ll build and lead the firm’s asset-management platform from the ground up.Reporting directly to the Managing Partner, you’ll drive performance across our joint-venture and preferred-equity investments while also overseeing a broader portfolio of LP investments with multiple operators.This is a strategic and hands-on leadership role for an analytical, entrepreneurial professional who thrives on accountability, transparency, and collaboration. You’ll join a growing firm and play a key role in shaping its long-term success.MissionTo maximize portfolio performance and net investor returns through disciplined oversight of operating partners, data-driven execution of business plans, and transparent communication.This “cradle-to-grave” role is active from due diligence and acquisition through ongoing management and exit.Key ResponsibilitiesFirst 90 DaysReview all existing JV and preferred-equity investments, business plans, and performance metrics. Evaluate and improve operator reporting processes for accuracy, timeliness, and consistency. Assess current tools and dashboards; recommend upgrades for portfolio-wide visibility. Build relationships with all operating partners and internal stakeholders. OngoingLead asset management for all Wellings-controlled investments, ensuring execution of business plans and achievement of target returns. Approve operator budgets, capital plans, and annual business plans. Serve as the primary contact for operating partners, maintaining trust and accountability. Review operating results, capital spend, leasing, and financing metrics; identify risks early and propose actionable solutions. Conduct property visits (averaging once per month) to evaluate on-site execution. Participate in acquisition due diligence, providing operational insights and risk assessment to the Investment Committee. Lead quarterly portfolio reviews and support Investor Relations with investor updates, webinars, and fund reports. Collaborate with Finance and Operations to enhance KPI dashboards and portfolio forecasting. Ensure compliance with JV and loan agreements. Identify portfolio-wide process improvements, cost savings, and revenue opportunities. Partner with leadership on exit strategies, sales, and refinancings.RequirementsBachelor’s degree in Finance, Real Estate, Business, or related field 5-8 years of relevant experience in real estate private equity, joint venture asset management, or investment management.Proven ability to oversee multiple operators and complex JV/preferred-equity structures Strong financial analysis, budgeting, forecasting, and variance-analysis skills Excellent communication and negotiation abilities with partners, operators, and investors Highly organized, able to manage multiple projects in a fast-moving environment Technologically proficient; strong in Excel, with experience in asset management or reporting software (e.g., AppFolio, RealPage, Yardi, etc.).Must live in or relocate to Lynchburg, VA (relocation assistance provided) Alignment with Wellings Capital’s mission and values ((url removed))CompensationBase Salary: $150,000-$200,000 (depending on experience, skills, and qualifications)Annual Bonus: Discretionary based on performance and firm contributionCarried Interest: Participation in the firm’s carried-interest program Relocation Support:Up to $15,000 stipend (including moving costs and a house-hunting trip) Up to two months temporary housing ( capped at $2,500/month) or a one-time $5,000 housing stipend Repayment clause if employment ends voluntarily within 12 monthsBenefits100% company-paid health, dental, and vision insurance (employee-only) 401(k) with company match Three weeks (15 days) paid vacation plus additional sick time 10 paid, flexible holidaysEquipment allowance and annual learning/development budget Hybrid flexibility (typically 2–3 days per week in office once established)Join UsIf you’re a proven asset-management professional who wants to build something lasting, influence firm strategy, and join a mission-driven team, we’d love to hear from you.Wellings Capital is an equal opportunity employer. We value diversity in all forms and hire the best person for each role, regardless of background.If you meet more than 50% of our requirements but fewer than 100%, we encourage you to apply. Our job descriptions are a starting point for discussion, not a checklist.