About the position
The Senior Asset Manager, Multifamily reports into the Senior Vice President, Asset Management & Investments, Multifamily and assists in all aspects of property-level operating activities and strategies for Lightstone Multifamily portfolio, which includes 113 assets with over 24,000 units across the country. Responsibilities include financial review and reporting, leasing/revenue analysis and reporting, due diligence with Acquisitions/Investments, budget preparation, and assisting with oversight of Beacon Management, our Property Management business. The ideal candidate has experience in Multifamily Asset management, strong analytical skills, ability to decipher financial data to effectively review and evaluate operational and investment opportunities. Required to have the ability to assess and help drive the performance of assets in the Lightstone multifamily portfolio. Must be able to work independently with minimal supervision and thrive in an environment that is highly entrepreneurial, both strategic and creative. Requires rapid learning, multitasking and prioritizing under tight deadlines. Some travel is required.
Responsibilities
- Asset management oversight for the following portfolios: MI portfolio, F and W portfolio, Mobile Portfolio, Bronx Portfolio (potentially some involvement with NYC luxury portfolio)
- Asset management responsibilities would include quarterly site visits, monthly financial review, monthly revenue management calls, budget preparation etc.
- Manage lender reporting requirements for portfolio (particularly debt fund and preferred equity)
- Assist with review of new Multifamily debt deals and new potential acquisitions
- Assist with due-diligence and onboarding of new acquisitions
Requirements
- Minimum 7 years related experience
- BA or BS degree
- Familiarization of Multifamily operations, and leasing concepts preferred
- Demonstrated aptitude for problem solving and problem identification
- Must effectively manage and adhere to deadlines
- Proficiency in Yardi or MRI required
- Extensive proficiency in Excel, Word, and PowerPoint required and ability to manipulate data essential
- Extensive understanding of underwriting concepts and methodologies
- Attention to detail required
- Ability to operate in a team environment
- Excellent written and verbal communication skills
- Excellent interpersonal skills and demonstrated professionalism
- Ability to manage multiple tasks
