Asset Manager

Responsibilities

• Develop and execute asset business plans across multifamily and commercial assets, covering operations, capital strategy, stabilization, and transition.
• Drive portfolio performance through reporting, operations, maintenance, and tenant experience.
• Oversee third-party residential and commercial property managers across collections, vacancy, turnover, compliance, and capital execution.
• Lead transitions tied to receiverships and other engagements, including manager changes and onboarding.
• Manage residential leasing and renewals across mixed rent rolls; oversee commercial leasing and renewals on office and retail assets, including coordination with brokers and tenant-improvement work.
• Oversee compliance with rent stabilization, affordable housing programs, and regulatory agreements, including DHCR registrations and recertifications.
• Monitor tax abatements and burn-off timelines, including 421-a, 421-g, and J-51; coordinate tax grievances on commercial assets where appropriate.
• Lead capital projects across both asset classes, including façade work, Local Law 11, DOB and HPD violations, building systems work, and tenant-improvement build-outs.
• Manage receivership execution in state and federal court, including monthly estate property (MEP) reports, court support, opening inventory, final accounting, and coordination with counsel.
• Coordinate receiver borrowing where authorized, including lender draws, Receiver’s Certificates, and related reporting.
• Monitor lender compliance, tax and insurance payments, and escrow and operating accounts.
• Support lender clients on pre-foreclosure assessments and workout strategies across multifamily and commercial collateral.
• Review monthly property management reporting against budget and business plan.
• Create tools and templates that improve visibility and decision-making.
• Support due diligence and smooth asset transitions onto and off the platform.
• Partner across teams to improve processes, documentation, and reporting.

Requirements

• 5+ years in real estate asset management, workouts, special servicing, or receiverships, with experience across multiple asset classes.
• Direct experience managing NYC rent-stabilized multifamily assets and the impact of rent regulation on operations, leasing, renovations, and underwriting.
• Direct experience managing commercial assets (office, retail, or mixed-use), including lease administration, tenant relations, and TI coordination.
• Operating-class breadth across small walk-ups, larger elevator buildings, mixed rent rolls, and commercial buildings of varying size and tenancy.
• Working knowledge of affordable housing programs and related regulatory compliance.
• Familiarity with NYC tax abatement programs, including 421-a, 421-g, and J-51, and with commercial real estate tax assessment and grievance processes.
• Experience with distressed assets in receivership, pre-foreclosure, or workout environments — across multifamily and commercial.
• Comfort operating in court-supervised environments and working fluently from loan documents, ground leases, regulatory agreements, partnership agreements, commercial leases, and court orders.
• Experience managing construction, violations, and major capital projects under court or regulatory oversight.
• Strong real estate finance knowledge across both multifamily and commercial debt structures.
• Strong analytical and accounting skills, with advanced Excel — including the ability to build templates that other team members can use.
• High independence, sound judgment, and discretion.
• Collaborative style and ability to partner across teams.
• Comfort using modern collaboration and documentation tools.
• Bachelor’s degree in Real Estate, Finance, Accounting, or a related field; MBA is a plus.
• Excellent written and verbal communication skills.
• Active use of AI tools (Claude, ChatGPT, Copilot) to accelerate research, synthesis, and reporting, with sound judgment around accuracy and confidentiality.

Preferred

• Experience at a receiver, special servicer, restructuring firm, affordable housing operator, or commercial owner-operator.
• Experience with federal multifamily receiverships, including Fannie Mae or Freddie Mac matters, or with CMBS special-servicing engagements.
• Relationships with major NYC affordable housing lenders, owners, syndicators, or commercial CMBS special servicers.
• Experience with Yardi Voyager, Yardi Affordable, Yardi Commercial, or RealPage OneSite Affordable.