Asset Manager

About the Role

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.

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.