Multifamily Asset Manager

Cedar Grove Capital (the parent company of CPMS) is seeking an experienced Asset Manager to join our team in Woodmere, NY. This role will take direct ownership of a Class B/C multifamily portfolio, driving value-add strategies, overseeing property performance, and ensuring alignment with CGC's investment objectives. The ideal candidate is a seasoned real estate professional who thrives in a fast-paced, entrepreneurial environment and brings a high degree of accountability, analytical rigor, and operational expertise.

• Develop and execute asset-level business plans to maximize property value and investment returns across a Class B/C multifamily portfolio.
• Conduct regular portfolio reviews, benchmarking performance against underwriting assumptions, market trends, and investment targets.
• Identify and implement value-add opportunities, including operational improvements, capital projects, and repositioning strategies.
• Oversee annual budgeting and forecasting processes for all properties under management.
• Analyze monthly and quarterly financial statements, variance reports, and cash flow projections.
• Manage capital expenditure planning and track spend against approved budgets.
• Prepare and deliver all lender-required financial reports in a timely and accurate manner, ensuring compliance with loan covenants and reporting obligations.
• Serve as the primary point of contact for third-party and in-house property management teams, driving accountability and operational excellence.
• Monitor KPIs including occupancy, NOI, collections, and expense ratios, and implement corrective action plans where needed.
• Ensure high standards of tenant satisfaction and property maintenance across the portfolio.
• Maintain strong relationships with lenders, servicers, brokers, and equity partners.
• Support acquisition underwriting and due diligence efforts as needed.
• Collaborate with legal, accounting, and investor relations teams on reporting and compliance matters.
• Work closely with senior leadership to align portfolio strategy with firm-wide investment objectives.
• Contribute to a culture of performance excellence, continuous improvement, and accountability.

• Bachelor's degree in Real Estate, Finance, Business, or a related field.
• Minimum of 10 years in real estate, with at least 5 years in an asset management role focused on multifamily.
• Demonstrated experience managing Class B/C multifamily assets through the full investment lifecycle.
• Proven track record overseeing budgets, financial reporting, and lender compliance.
• Experience with value-add business plans and operational turnaround strategies is strongly preferred.
• Strong financial modeling, analytical, and reporting capabilities.
• Excellent written and verbal communication skills.
• Ability to manage multiple assets and priorities simultaneously without sacrificing quality.
• Self-motivated, proactive, and highly accountable.
• Comfortable operating independently in a lean, entrepreneurial environment.
• High degree of integrity and commitment to ethical business practices.