Head of Operations - 109Co : Job Details

Job Title:

Head of Operations

About Us:

109Co is a privately held, high-growth real estate investment and management firm focused on acquiring, repositioning, and operating multifamily and mixed-use assets primarily in New York City and across the Northeast. With a disciplined and entrepreneurial approach, we target submarkets and neighborhoods with secular tailwinds and seek to deliver strong, risk-adjusted returns through hands-on management and operations. 109Co's leadership team has over 20 years of real estate acquisitions experience and has closed on over $7BN worth of transactions across all major asset classes.

Our existing portfolio consists of $450MM of real estate assets that we own and manage in partnership with leading institutional investors and is comprised of ~450 free market, rent stabilized and commercial units. 109Co is vertically integrated across 7 business lines: Acquisitions, Asset Management, Property Management, Project Management, Design & Marketing, Leasing & Sales, and Finance & Accounting.

Position Overview:

We are seeking a strategic, execution-focused, and technologically-savvy individual to oversee the core operating functions of the 109Co portfolio. You will have direct responsibility for asset management, property management, project management, design & marketing, leasing & sales, and finance & accounting across our portfolio. Importantly, this role will also help craft and roll-out software and automation initiatives across every function of the business. This is a leadership role that will report directly to the Managing Partner and play a critical part in optimizing performance and scaling the firm's infrastructure.

Key Responsibilities:

Asset Management

• Lead execution of property business plans including operational efficiency, capital projects implementation, and leasing success
• Manage budgeting/forecasting, stakeholders reporting (financial and operational) and portfolio cash management
• Drive tech implementation across business lines to monitor KPIs and improve workflows
• Collaborate with acquisitions team to evaluate new opportunities and prepare underwriting assumptions

Property Management

• Supervise in-house property management including operational and financial functions
• Implement and oversee SOPs for maintenance, tenant relations, service standards, and compliance
• Drive tech and non-tech initiatives to improve efficiency, resident satisfaction, and NOI growth

Leasing & Marketing

• Direct leasing strategy, pricing, and occupancy goals across the 109Co portfolio
• Oversee marketing campaigns, listing performance, and brand standards
• Monitor submarket trends, comps, and lease-up strategy

Qualifications:

• 5+ years of relevant experience
• Proficient in Microsoft Office Suite
• Familiarity with Yardi
• Familiarity with AI tools (e.g. ChatGPT, Claude)
• Demonstrated track record of using software to drive process optimization
• Strong verbal and written communication skills
• Must be process-obsessed with a healthy sense of urgency

Compensation & Benefits:

• Competitive base salary, participation in investment promotes, and eligibility for annual discretionary, performance-based bonus
• Full medical insurance coverage (Health, Dental, Vision)
• Additional benefits include free (i) transportation to/from work, (ii) meals in the office, and (iii) cellular phone

Please send me an email at [email protected] with your resume. The subject line should be 109Co – Head of Operations – [YOUR NAME]