Vice President, Asset Management & Operations

Captiva Partners is a real estate investment firm that acquires, repositions, and operates small-bay industrial properties across the Western United States. We currently own and manage approximately $100 million of industrial real estate in Southern California and Phoenix, serving more than 140 businesses.

We are hiring a Vice President of Asset Management & Operations to own asset-level execution across the portfolio and help scale the business.

This is an opportunity for someone who wants to help build and run a real estate operating company.

WORKING ENVIRONMENT

The environment at Captiva is entrepreneurial, low-bureaucracy, and intentionally lean. We work from a walk-up office in downtown Solana Beach, directly across from the beach.

The culture is informal. The standards are not.

We care deeply about responsiveness, stewardship of investor capital, tenant experience, and doing what we say we are going to do. Our investors include institutional capital partners, family offices, and high-net-worth individuals who trust us to manage their capital with care and transparency.

You’ll work directly alongside the founder and across nearly every part of the business.

THE ROLE

You’ll run day-to-day execution across the portfolio. The job is to turn asset-level business plans into consistent, measurable results.

To do that, you’ll be responsible for leasing, capital projects, property management oversight, budgets, lender coordination, reporting, and the cadence that keeps priorities moving.

This role works closely with property managers, leasing brokers, tenants, contractors, consultants, vendors, lenders, and capital partners. We expect you to have the experience and judgment to take the lead on those relationships quickly.

This is a hands-on role inside a lean company. You will not be stepping into a large asset management team with layers of analysts and associates. You should be comfortable owning the work: managing details, driving follow-up, and taking responsibility for execution.

Part of this role is making Captiva run better. As you take on the portfolio, you’ll improve the systems, workflows, and practical use of AI that keep priorities clear and reduce manual work. You do not need to be technical, but you should be the kind of operator who fixes broken processes rather than working around them.

A representative week might involve:

• Running a weekly leasing call and working a deal toward signature

• Evaluating and value-engineering a unit renovation proposal

• Meeting with a property manager to review open issues and priorities

• Analyzing monthly financials, rent rolls, cash flow forecasts, and budget variances to determine the actions needed to keep each asset on plan

• Updating an asset business plan based on leasing activity, capital projects, and market conditions

• Pressure-testing assumptions on a potential acquisition

• Discussing portfolio performance with lenders or capital partners

• Working through the details, from vendor proposals and insurance requirements to leasing commissions and project budgets

You’ll also participate in acquisitions through underwriting review, due diligence coordination, lease comparable analysis, business plan review, broker conversations, and deal execution through closing. While this is primarily an operating role, you’ll have meaningful exposure to new investment activity.

In the near term, this role is focused on running asset management across the existing portfolio. As Captiva scales, you will have increasing exposure to new acquisitions and the company-level decisions that drive the next stage of growth.

You should be comfortable creating, reviewing, and modifying financial models, challenging assumptions, and bringing investment judgment to acquisition decisions.

WHY THIS ROLE

Captiva has an established portfolio, a clear strategy, and a track record in multi-tenant industrial, while the platform is still being shaped.

This is a unique seat for someone who wants to help build the machine, not just work inside one. You’ll have real responsibility for how the portfolio is run and the chance to drive value through the assets, relationships, and decisions that shape the company’s growth.

WHO THRIVES HERE

The people who thrive at Captiva are operators. They solve problems without waiting to be told what to do. They take ownership naturally and build better processes as they go. They are equally comfortable with detailed execution and higher-level judgment.

Small-bay industrial is operationally detailed. The work involves frequent leasing activity, unit turns, small-dollar capital decisions, tenant issues, vendor coordination, and constant follow-through. The person in this role knows that these details are not separate from value creation. They are where value is created.

We’re looking for people who are:

• High integrity and high agency

• Resourceful, highly organized, and disciplined about follow-through

• Energized by ownership and responsibility

• Low ego and team-first

• Comfortable with ambiguity

• Eager to use AI and technology to improve how work gets done

We care far more about judgment, accountability, and execution quality than title prestige or pedigree.

We believe a lean company can operate at a high level when strong judgment is paired with well-designed systems and smart use of technology. You’ll help shape how Captiva operates and scales over time.

QUALIFICATIONS

The strongest candidates will likely have:

• 6+ years of commercial real estate experience

• Meaningful experience in asset management or portfolio operations within an owner-operator environment

• Direct responsibility for leasing, capital projects, tenant relationships, property management oversight, lender coordination, or similar functions

• Strong financial modeling, budgeting, and analytical skills

• Excellent written and verbal communication skills

• Ability to work in a fast-moving entrepreneurial environment

Industrial experience is strongly preferred. Yardi experience is a plus.

COMPENSATION

Base salary of $140,000 to $160,000, commensurate with experience, plus performance-based bonus and participation in deal economics.

LOCATION

The company is headquartered in Solana Beach, California, and this is an in-person role. Travel to assets and meetings is expected.

APPLY

If you read this and recognize yourself, let’s talk.

Please send your resume and a short note to careers@captivapartners.com explaining why this opportunity interests you.