Senior Asset Manager, Multifamily

Lightstone; New York (NY); Hybrid; USD 175,000 - 195,000; Full time

Benefits offered by this job

Paid time off for vacation and sick leave

Health, dental, and vision insurance

401(k) and Roth retirement plans

Tuition assistance

Office perks such as lunch, fruit, drinks, and snacks

Job summary

Lightstone is seeking a Senior Asset Manager for their Multifamily portfolio, which includes 113 assets nationwide. The candidate will assist with property-level operating activities, financial reviews, leasing analysis, and budget preparation.

Ideal applicants have at least 7 years of relevant experience, a BA or BS degree, and proficiency in Yardi or MRI. Benefits include health insurance, paid time off, and a competitive salary range of $175k–$195k based on experience.

Qualifications

• Minimum 7 years related experience.
• Familiarity with Multifamily operations preferred.
• Attention to detail required.

Responsibilities

• Oversee asset management for multiple portfolios.
• Conduct quarterly site visits and monthly financial reviews.
• Assist in review of new Multifamily debt deals.

Skills

Multifamily Asset management

Analytical skills

Financial data analysis

Problem solving

Team collaboration

Time management

Education

BA or BS degree

Tools

Yardi

MRI

Excel

Word

PowerPoint

Job description

Company Overview

Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 209 existing properties, Lightstone’s portfolio currently includes over 12 million square feet of industrial, life sciences, and commercial properties, over 30,000 residential units, and over 5,100 hotel keys. Lightstone’s development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.

Position Overview

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 is 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, thrive in an entrepreneurial, strategic, and creative environment, demonstrate rapid learning, multitasking and prioritizing under tight deadlines, and be willing to travel as needed.

Essential Functions

• Asset management oversight for the following portfolios: MI portfolio, F and W portfolio, Mobile Portfolio, Bronx Portfolio (potentially some involvement with NYC luxury portfolio)
• Conduct quarterly site visits, monthly financial reviews, and monthly revenue management calls; prepare budgets; manage lender reporting requirements for portfolio debt fund and preferred equity
• Assist with review of new Multifamily debt deals and potential acquisitions; perform due‑diligence and onboarding of new acquisitions

Qualifications

• Minimum 7 years related experience
• BA or BS degree
• Familiarity with Multifamily operations and leasing concepts preferred
• Demonstrated aptitude for problem solving and identification
• Must effectively manage and adhere to deadlines
• Proficiency in Yardi or MRI required
• Extensive proficiency in Excel, Word, and PowerPoint, and ability to manipulate data
• 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

Salary

Salary $175 k–$195 k, offered salary commensurate with experience.

Location

This role would sit between both our Lakewood NJ office and New York City Midtown office.

Benefits

• Paid time off for vacation and sick leave
• Health, dental, and vision insurance, and wellness programs
• 401(k) and Roth retirement plans
• Flexible spending accounts (medical & dependent care)
• Life and AD&D insurance with options for supplemental employee, spouse, and child
• Long-term and short-term disability insurance
• Commuter spending accounts (transit and parking)
• Tuition assistance and employee assistance program
• Corporate discount programs
• On-site mother’s room
• Office perks such as lunch, fruit, drinks, and snacks