L+M Development Partners Inc.
Vice President of Asset Management
L+M Development Partners Inc., New York, New York, us, 10261
Overview
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed. Please visit our website for more information: http://lmdevpartners.com . To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/ We are seeking a Vice President of Asset Management to lead our New York City area affordable housing portfolio. This executive will guide a team focused on maximizing property performance, ensuring regulatory compliance, and executing business plans. The Vice President will also play a key role in transactions including refinancings, loan modifications, and dispositions while serving as a senior representative to investors, partners, and internal stakeholders.
Responsibilities
Collaborate with property management leadership and external advisors to implement operational best practices, adopt new technology platforms, and drive continuous improvement in resident service, cost efficiency, and compliance monitoring. Lead and mentor the affordable asset management team, fostering professional growth and ensuring strong performance. Oversee a portfolio of affordable multifamily properties throughout the New York City area. Monitor financial results, identify opportunities for improvement, and implement strategies to enhance property and portfolio value. Manage transaction activity including refinancings, loan modifications, and dispositions by preparing financial models, presenting recommendations, and executing approved strategies. Conduct site visits to assess property conditions, capital project progress, and the performance of on-site management teams and staff. Guide long-term capital planning to support reinvestment needs, sustainability initiatives, and resilience upgrades. Prepare and deliver clear updates and recommendations to senior leadership, investors, lenders, and joint venture partners. Build and maintain strong working relationships with regulatory and government agencies to support approvals, compliance, and long-term partnerships. Identify risks across financial, operational, and regulatory areas, and develop proactive strategies to mitigate them. Support community impact initiatives, including sustainability, resident engagement, and social responsibility programs. Collaborate with development, construction, and property management teams to ensure alignment from initial business planning through long-term execution. Qualifications
The ideal candidate will have the following qualifications: 8–12 years of multifamily real estate experience with significant asset management responsibilities; affordable housing expertise strongly preferred. Proven leadership experience. Track record of successfully executing refinancing and disposition transactions. Strong financial modeling, analytical, and presentation skills; advanced proficiency in Microsoft Excel and PowerPoint. Deep understanding of New York City affordable housing programs, financing tools, and regulatory frameworks. Exceptional communication and interpersonal skills, with the ability to collaborate across functions and represent the firm externally. Highly organized, proactive, and detail-oriented with the ability to manage multiple priorities in a fast-paced environment. L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization. L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Disclaimer
: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
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At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed. Please visit our website for more information: http://lmdevpartners.com . To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/ We are seeking a Vice President of Asset Management to lead our New York City area affordable housing portfolio. This executive will guide a team focused on maximizing property performance, ensuring regulatory compliance, and executing business plans. The Vice President will also play a key role in transactions including refinancings, loan modifications, and dispositions while serving as a senior representative to investors, partners, and internal stakeholders.
Responsibilities
Collaborate with property management leadership and external advisors to implement operational best practices, adopt new technology platforms, and drive continuous improvement in resident service, cost efficiency, and compliance monitoring. Lead and mentor the affordable asset management team, fostering professional growth and ensuring strong performance. Oversee a portfolio of affordable multifamily properties throughout the New York City area. Monitor financial results, identify opportunities for improvement, and implement strategies to enhance property and portfolio value. Manage transaction activity including refinancings, loan modifications, and dispositions by preparing financial models, presenting recommendations, and executing approved strategies. Conduct site visits to assess property conditions, capital project progress, and the performance of on-site management teams and staff. Guide long-term capital planning to support reinvestment needs, sustainability initiatives, and resilience upgrades. Prepare and deliver clear updates and recommendations to senior leadership, investors, lenders, and joint venture partners. Build and maintain strong working relationships with regulatory and government agencies to support approvals, compliance, and long-term partnerships. Identify risks across financial, operational, and regulatory areas, and develop proactive strategies to mitigate them. Support community impact initiatives, including sustainability, resident engagement, and social responsibility programs. Collaborate with development, construction, and property management teams to ensure alignment from initial business planning through long-term execution. Qualifications
The ideal candidate will have the following qualifications: 8–12 years of multifamily real estate experience with significant asset management responsibilities; affordable housing expertise strongly preferred. Proven leadership experience. Track record of successfully executing refinancing and disposition transactions. Strong financial modeling, analytical, and presentation skills; advanced proficiency in Microsoft Excel and PowerPoint. Deep understanding of New York City affordable housing programs, financing tools, and regulatory frameworks. Exceptional communication and interpersonal skills, with the ability to collaborate across functions and represent the firm externally. Highly organized, proactive, and detail-oriented with the ability to manage multiple priorities in a fast-paced environment. L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization. L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Disclaimer
: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
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