Real Estate Asset Manager

Westmark Management · New York, NY, USA · 12 hours ago

Employment: Full time
Experience: 5+ years

Bushburg Asset Manager Position Overview

We are seeking an experienced Real Estate Asset Manager to oversee the performance and strategic management of a diverse New York City real estate portfolio consisting of 20+ buildings, approximately 3,500+ rental units, and 9M square feet of residential and commercial space.

The Asset Manager will be responsible for maximizing the financial and operational performance of the portfolio while working closely with property management, leasing, construction, development, accounting, legal, and senior leadership teams. This role requires a highly analytical, proactive, and detail-oriented professional who can balance day-to-day asset performance with long-term value creation.

Key Responsibilities

Portfolio & Asset Management

Oversee the financial and operational performance of a portfolio of 20+ NYC properties.
Monitor property-level performance, including revenue, collections, expenses, occupancy, leasing activity, and net operating income.
Identify opportunities to improve asset performance, increase revenue, control expenses, and enhance property value.
Develop and implement asset-level business plans and strategic initiatives.
Regularly review property performance against budgets, forecasts, and investment objectives.
Track key performance indicators and provide actionable recommendations to senior management.

Financial Analysis & Reporting

Review and analyze property financial statements, operating budgets, forecasts, and variance reports.
Prepare portfolio and asset-level financial analyses, including NOI, cash flow, operating expenses, and capital expenditures.
Identify significant variances and work with property teams to understand and address underlying issues.
Assist with annual budgeting and reforecasting processes.
Evaluate the financial impact of capital projects, operational initiatives, lease decisions, and other asset-level investments.
Prepare regular reports and presentations for senior leadership and ownership.
Manage and support bank reporting requirements.

Property Operations

Partner closely with property management teams to ensure properties are operated efficiently and in accordance with business plans.
Monitor occupancy, collections, delinquency, turnover, maintenance, resident experience, and other operational metrics.
Review property-level challenges and develop solutions in coordination with relevant internal and external teams.
Maintain regular communication with property managers and other operating partners.
Conduct property visits and assess building conditions, operations, and overall asset performance.

Leasing & Revenue Management

Monitor leasing activity, rental rates, concessions, renewals, and market positioning.
Analyze market conditions and comparable properties to identify opportunities for revenue growth.
Partner with leasing and property management teams on strategies to improve occupancy and rental income.
Evaluate commercial and retail leasing opportunities where applicable.

Market & Investment Analysis

Conduct market research and analyze NYC real estate trends, including rents, occupancy, supply, operating costs, and regulatory developments.
Evaluate potential acquisition, disposition, refinancing, renovation, and repositioning opportunities.
Support underwriting and due diligence for potential investments as needed.
Assist with valuation analysis and hold/sell considerations.

Stakeholder & Team Management

Collaborate with senior leadership, property management, accounting, construction, development, legal, leasing, and other internal teams.
Manage relationships with external consultants, lenders, brokers, vendors, and other third parties.
Establish clear accountability for asset-level initiatives and follow up on outstanding action items.
Present portfolio performance, key issues, and strategic recommendations to senior leadership.

Capital Projects & Construction

Work closely with construction and development teams on capital improvements, renovations, repositioning initiatives, and major building projects.
Monitor project budgets, schedules, scopes, and expected returns.
Evaluate proposed capital expenditures and prioritize projects based on asset needs and financial impact.
Track the financial and operational impact of completed capital projects.

Qualifications

5+ years of experience in real estate asset management, preferably with multifamily or mixed-use assets in New York City.
Experience managing a portfolio of 3,000+ residential units.
Bachelor’s degree in Real Estate, Finance, Business, Accounting, Economics, or a related field.
Strong understanding of real estate financial statements, budgeting, forecasting, and investment analysis.
Experience managing or analyzing a significant real estate portfolio.
Strong Excel and financial modeling skills.
Experience with property management and/or real estate accounting systems preferred.
Strong knowledge of the New York City multifamily real estate market.
Excellent analytical, organizational, and problem-solving skills.
Ability to manage multiple properties, projects, and priorities simultaneously.
Strong written and verbal communication skills.
Ability to work effectively with senior executives and cross-functional teams.

Preferred Experience

Experience with capital improvement and renovation programs.
Experience with acquisitions, dispositions, refinancing, or investment underwriting.
Familiarity with NYC housing regulations and the real estate operating environment.
MBA, MSRE, or other advanced degree preferred.
Experience with Rent Manager.

Key Competencies

Strategic and analytical thinking
Financial acumen
Portfolio management
Operational oversight
Problem-solving and decision-making
Project and capital management
Communication and relationship management
Organization and attention to detail
Ability to prioritize and manage competing demands