About the role
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.
