473 Asset Management Associate Jobs in New York, NY
L&M Development Partners, Inc. is Hiring an Asset Management Associate Near New York, NY
- Develop and formalize asset management strategy and processes to maintain and improve assets (mixed-income/mixed-use residential developments)
- Identify and execute opportunities in the portfolio including recapitalizations, dispositions, etc.
- Provide proactive, hands-on asset management for approximately 15 assets
- Contribute to a portfolio wide strategy to maximize value and optimize resources
- Develop annual asset management plans and propose long-term strategies for refinancing, buying out partners, resyndicating or disposing of existing properties.
- Evaluate, assign and monitor property ratings and identify watch list properties for assigned portfolio in accordance with L M asset management guidelines. Work with team to prioritize issues and develop action plans to address challenges.
- Continuously seek opportunities to optimize property performance and increase cash flow.
- Participate in the handoff process specifically in collecting and providing due diligence as properties move from development to operations/asset management, and from operations/asset management to Resyndication and Preservation.
- Identify all reporting requirements and work with personnel responsible for report distribution to see that requirements are met.
- Work with property management company to prepare annual operating budgets for assigned property portfolio.
- Analyze rent roll, lease expiration schedule, vacancy rates, unit availability and marketing/leasing efforts to maximize occupancy and collection rates.
- Analyze asset performance and benefit delivery against both annual operating budget and underwriting pro forma, maximize property level cash flows
- Review and monitor Capital Needs Assessment and Reserve Analysis.
- Ability to interpret, analyze and abstract the business terms included in legal documents and financial projections.
- Self-motivated and proactive with an established track record of getting things done effectively and independently
- A team player, able to work in an entrepreneurial environment, balance changing priorities and meet deadlines
- Financial modeling and quantitative skills
- Working knowledge of real estate asset management with significant exposure to multifamily underwriting, development and property management preferred. Understanding of affordable housing programs preferred
- Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports.
- Strong interpersonal skills for establishing and maintaining effective professional working relationships with internal departments and property advisors while handling challenging situations.
- Bachelor degree required, Advanced degree in business, Real Estate or Urban Planning preferred.
- 3-5 years in real estate or a related field, direct asset management experience preferred, with a specific focus on retail and residential assets in the New York City metro area.
Job Summary
Full Time
$84k-109k (estimate)
07/04/2024
08/01/2024
lmdevpartners.com
LARCHMONT, NY
50 - 100
1984
RON MOELIS
$200M - $500M
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About L&M Development Partners, Inc.
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation. Most recently ranked #17 on Affordable Housing Finances Top 50 Developers list nationwide, L+M is responsible for approximately $10 billion in development and investment, and has acq...uired, built, or preserved nearly 35,000 high-quality residential units in New Yorks tristate area, Washington, D.C., the West Coast and Gulf Coast regions. Community leaders, government officials and institutional investors turn to L+M because of its consistent track record of excellence. For more information, please visit: http://lmdevpartners.com. To learn more about our mission and values, visit here: https://lmdevpartners.com/our-mission-values/.
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The job skills required for Asset Management Associate include Asset Management, etc. Having related job skills and expertise will give you an advantage when applying to be an Asset Management Associate. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Asset Management Associate. Select any job title you are interested in and start to search job requirements.
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