Asset Manager

Asset Manager – Multifamily Real Estate Portfolio

Lakewood, NJ | Five Towns, NY | Albany, NY

Salary: $225,000–$300,000+ (Depending on Experience)

We are seeking an experienced Asset Manager to oversee a growing multifamily real estate portfolio valued at approximately $200 million. The portfolio currently consists of 650+ apartment units across three stabilized communities in Albany, NY, with a fourth 165-unit development expected to come online within the next 18 months.

This is a strategic, finance and operations-focused position responsible for maximizing portfolio performance. While third-party property management companies oversee the day-to-day operations, this role serves as the owner's representative, ensuring every property is operating efficiently, meeting financial goals, and performing at its highest potential.

This is not a property management, leasing, or on-site management role.

Responsibilities:

• Analyze financial performance across the multifamily portfolio and identify opportunities to increase NOI and overall asset value.
• Monitor property operations to ensure third-party management companies are meeting ownership expectations.
• Review operating budgets, financial reports, occupancy trends, leasing performance, and expense reports.
• Identify operational inefficiencies and implement strategies to improve performance.
• Audit property operations to ensure nothing falls through the cracks.
• Evaluate staffing levels, leasing conversions, operational metrics, and overall property performance.
• Review and optimize vendor contracts, including landscaping, maintenance, utilities, and other service providers through competitive bidding and negotiations.
• Develop recommendations to reduce expenses while maintaining property quality and resident satisfaction.
• Partner with ownership on strategic planning and long-term portfolio growth.
• Assist with oversight and planning as the fourth multifamily development comes online.
• Travel to the Albany properties approximately every other week for a two-day site visit.

Qualifications:

• Experience in real estate asset management, real estate operations, acquisitions, finance, or portfolio management.
• Strong financial and analytical skills with the ability to interpret budgets, operating statements, and key performance metrics.
• Experience identifying operational improvements and cost-saving opportunities.
• Excellent organizational, problem-solving, and project management abilities.
• Comfortable working independently while collaborating closely with ownership.
• Strong communication and negotiation skills.
• Ability to travel to Albany, NY on a weekly or bi-weekly basis.

Multifamily experience is preferred but not required. Candidates with strong real estate operations or asset management backgrounds from other property sectors are encouraged to apply. Comprehensive onboarding and orientation will be provided.

What We're Looking For:

We're looking for someone who enjoys digging into the numbers and understanding what drives property performance. The ideal candidate is proactive, detail-oriented, and capable of holding third-party management companies accountable while identifying opportunities to improve operations, increase profitability, and maximize the value of a growing real estate portfolio.

If you're passionate about real estate, operations, and driving portfolio performance, we'd love to hear from you.