Senior Distressed Asset Manager - NYC Real Estate

Trigild; New York (NY); On-site; USD 139,000 - 209,000; Full time

Job summary

Trigild seeks an Asset Manager to lead a growing portfolio of distressed real estate across multifamily and commercial assets in the New York area. You will oversee operations, reporting, and asset strategy with in-house support from counsel.

The role requires managing rent-regulated and affordable housing programs, and coordinating with receiverships, workouts, and capital projects to maximize asset value.

Qualifications

• 5+ years in real estate asset management, workouts, special servicing, or receiverships across multiple asset classes.
• Direct experience managing NYC rent-stabilized multifamily assets and rent regulation impact on ops, leasing, renovations, underwriting.
• Direct experience managing commercial assets (office/retail/mixed-use) including lease admin, tenant relations, TI coordination.
• Operating-class breadth across small walk-ups to large mixed-use properties.
• Working knowledge of affordable housing programs and related regulatory compliance.
• Familiarity with NYC tax abatement programs (421-a, 421-g, oder J-51) and CRE tax processes.
• Experience with distressed assets in receivership/pre-foreclosure/workout environments across multifamily and commercial.
• Comfort with court-supervised environments and reviewing loan documents, ground leases, and court orders.
• Experience managing construction, code violations, and major capital projects under oversight.
• Strong real estate finance knowledge across multifamily and commercial debt structures.
• Advanced Excel with templates for team use.
• Independent, judgment-driven, discreet, with collaborative style.

Responsibilities

• Develop and execute asset business plans across multifamily and commercial assets: operations, capital strategy, stabilization, and transition.
• Drive portfolio performance through reporting, operations, maintenance, and tenant experience.
• Oversee third-party residential and commercial managers across collections, vacancy, turnover, compliance, and capex.
• Lead transitions tied to receiverships and other engagements, including manager changes and onboarding.
• Manage residential leasing and renewals across mixed rent rolls; oversee commercial leasing and renewals with brokers and TI work.
• Oversee compliance with rent stabilization and affordable housing programs, including regulatory agreements and registrations.
• Monitor tax abatements and burn-off timelines, and coordinate tax grievances on commercial assets.
• Lead capital projects across asset classes: façade work, Local Law 11, DOB/HPD issues, and tenant-improvement work.
• Manage receivership execution in state/federal court with ME P reports and counsel coordination.
• Coordinate receiver borrowing, lender draws, and related reporting.
• Monitor lender payments, tax/insurance, escrow, and operating accounts.
• Support lender clients on pre-foreclosure assessments and workout strategies for multifamily/commercial.
• Review monthly property management reporting against budget and business plan.
• Build and audit cash flow models, sale/refinance scenarios, and reforecasts.
• Prepare reporting for lenders, courts, investors, and senior leadership; lead portfolio reviews.
• Create tools/templates to improve visibility and decision-making.
• Support due diligence and smooth asset transitions on/off platform.
• Partner across teams to improve processes, documentation, and reporting.

Skills

Real estate asset management

Analytical thinking

Advanced Excel

Strong communication

Education

Bachelor's degree in Real Estate, Finance, Accounting, or related field

Tools

Yardi Voyager

Yardi Affordable

Yardi Commercial

RealPage OneSite Affordable

Job description

Trigild seeks an Asset Manager to lead a growing portfolio of distressed real estate across multifamily and commercial assets in the New York area. You will oversee operations, reporting, and asset strategy with in-house support from counsel.

The role requires managing rent-regulated and affordable housing programs, and coordinating with receiverships, workouts, and capital projects to maximize asset value.