Asset Manager

Bushburg Properties is seeking an experienced, analytical, and results-driven Asset Manager to oversee the financial and operational performance of a portfolio of 20+ New York City properties.

This role will focus on maximizing asset value, improving net operating income (NOI), driving operational efficiency, and executing strategic business plans across a diverse residential and mixed-use portfolio.

The ideal candidate has direct real estate asset management experience, strong financial and analytical skills, and a solid understanding of multifamily property operations. They will work closely with property management, leasing, accounting, construction, and senior leadership to identify opportunities, address challenges, and improve portfolio performance.

Key Responsibilities

Portfolio & Asset Management

• Oversee the financial and operational performance of a portfolio of 20+ NYC properties.

• Develop and execute asset-level business plans focused on NOI growth, expense management, occupancy, cash flow, and long-term asset value.

• Monitor key performance indicators, identify trends and underperformance, and recommend actionable improvements.

• Evaluate property performance against budgets, forecasts, market conditions, and investment objectives.

• Present portfolio performance, risks, opportunities, and strategic recommendations to senior leadership and ownership.

Financial Analysis & Reporting

• Review property financial statements, operating budgets, forecasts, and budget-to-actual variances.

• Analyze revenue, collections, operating expenses, NOI, cash flow, and capital expenditures.

• Support annual budgeting, reforecasting, financial modeling, and investment analysis.

• Prepare asset-level and portfolio-level financial reports, management presentations, and bank reporting.

• Evaluate the financial impact of leasing decisions, operating initiatives, renovations, and other capital investments.

Property Operations & Revenue Performance

• Partner with property management and leasing teams to improve operating efficiency and financial results.

• Monitor occupancy, rental rates, leasing activity, collections, delinquency, turnover, and operating expenses.

• Identify opportunities to improve revenue, control costs, enhance resident experience, and strengthen property performance.

• Conduct property visits and work with operating teams to address building-level challenges.

• Review market trends and comparable properties to support rental pricing, leasing strategies, and asset positioning.

Capital Projects & Value Creation

• Collaborate with construction and development teams on renovations, capital improvements, and repositioning initiatives.

• Review proposed capital expenditures, project budgets, schedules, and expected returns.

• Track project execution and evaluate the impact of completed projects on operating performance and asset value.

Investment Analysis & Stakeholder Management

• Evaluate acquisition, disposition, refinancing, and hold/sell opportunities as needed.

• Support underwriting, due diligence, valuation, and market research.

• Coordinate with accounting, legal, construction, property management, lenders, brokers, and other external partners.

• Establish accountability for key initiatives and ensure timely follow-through on business plan priorities.

Qualifications

• 5+ years of experience in real estate asset management, with direct responsibility for evaluating and improving property or portfolio performance.

• Experience with multifamily or mixed-use real estate, with a strong understanding of NYC multifamily operations and market dynamics.

• Demonstrated ability to analyze financial performance and contribute to NOI growth, budgeting, forecasting, and expense management.

• Strong financial modeling and advanced Excel skills.

• Experience managing or analyzing complex real estate portfolios, with the ability to translate financial and operational data into actionable business strategies.

• Bachelor's degree in Real Estate, Finance, Accounting, Business, Economics, or a related field.

• Strong analytical, organizational, problem-solving, and communication skills.

• Ability to manage multiple assets, projects, and priorities while working effectively with senior leadership and cross-functional teams.

Preferred Qualifications

• Experience managing or analyzing a large residential portfolio, ideally comprising 3,000+ residential units.

• Experience with capital improvement programs, renovations, and asset repositioning.

• Exposure to acquisitions, dispositions, refinancing, underwriting, and investment valuation.

• Familiarity with NYC housing regulations and the local multifamily operating environment.

• Experience with real estate accounting or property management systems; Rent Manager experience is a plus.

• MBA, MSRE, or another relevant advanced degree.