The Opportunity A newly created, single-asset General Manager position has opened on one of Melbourne's most exciting new build-to-rent (BTR) developments. Having recently topped out, this landmark high-rise community is entering its most pivotal phase: the transition from construction into a full lease-up, with first residents due to move in from early 2027.

The building will offer close to 500 architecturally designed apartments across more than 20 storeys, along with a genuinely elevated amenity offering, including a heated pool, full gym and wellness facilities, co-working spaces, private dining rooms, and a dedicated dog park. Backed by a substantial institutional capital partnership, this circa $500 million asset is set to become a genuine benchmark in the sector.

This is far more than a property management role. As the founding General Manager, you'll build and lead the on-site team from the ground up, take the asset from a standing start through to stabilised, above-market occupancy, and report directly to the asset's institutional owners rather than into a broader pooled fund.

The Role

Reporting to the Regional leadership team, and working closely with the Leasing, Marketing, and Commercial functions, you will:

- Hold full accountability for the asset's operational and financial performance, including P&L;, budgeting, and net operating income (NOI)
- Lead the asset through its lease-up phase, then oversee the transition into stabilisation, maximising occupancy, retention, and rental returns
- Recruit, mentor, and develop a high-performing in office team
- Ensure full compliance with the management agreement, relevant tenancy legislation, and all associated KPIs
- Build and maintain strong relationships with the asset's institutional owners and other key stakeholders
- Champion the resident experience, driving satisfaction and long-term retention within a genuine BTR community
- Prepare detailed financial and performance reporting,



including quarterly forecasts and annual asset plans

About Our Client Our client is one of Australia and New Zealand's leading specialist build-to-rent operators, with an established and fast-growing portfolio of premium rental communities across Melbourne, Sydney, Brisbane, and Canberra. With a genuine focus on resident experience and operational excellence, they're widely regarded as a trailblazer in Australia's BTR sector, and this newly won mandate is one of several exciting new assets joining their portfolio.

About You

We're looking for a commercially astute, customer-focused leader who has genuinely managed at scale: not a handful of suburban rentals, but a large, complex asset such as a sizeable apartment building, hotel, or major commercial or retail property. Don't worry, you don't need to have worked in BTR before - though that would e a massive advantage! You'll bring:

- Proven experience managing and overseeing the leasing of a large-scale residential, commercial, or retail asset (think a substantial apartment complex, hotel, or major retail or commercial property)
- Strong financial acumen, with hands-on experience across P&L; management, budgeting, and commercial strategy
- A demonstrated track record in leasing, ideally spanning residential, commercial, and/or retail experience
- Excellent stakeholder management and communication skills, with the confidence to engage directly with institutional owners
- A natural, hands-on leadership style, with genuine experience building and mentoring high-performing teams
- A current Agent's Representative Certificate (minimum Certificate IV in Real Estate Practice) or equivalent Estate Agent's Licence
- Valid Australian working rights, and the ability to obtain a National Police Check

How to Apply This is a rare opportunity to lead a flagship asset from the ground up and genuinely make it your own. For a confidential discussion, contact Luke Borg at Capstone Recruitment, on [0419 000 101](tel:0419 000 101) or email your resume to [email protected]

📌 General Manager, Premium Build to Rent (Property Management) (Melbourne)
🏢 Capstone Recruitment Group
📍 Melbourne