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Silverstein Properties, Inc.

Asset Management Associate

Full Time
Work Place
Real Estate Field
New York
Postal Code
United States

This job is no longer active.


Silverstein Properties, a NYC based owner/operator of over 16 million square feet of real estate, seeks an Asset Management Associate to:


  • Maintain/update Argus and valuation models on a quarterly basis; forecast capital contributions/distributions
  • Undertake detailed property-level analyses of prospective leasing deals, tenants/in-place leases, capital projects, operating and financial statements, market and competitive position, real estate taxes, insurance and other relevant information
  • Track ongoing property-level activity and identify trends/issues
  • Review monthly property performance on both a cash and accrual basis; identify issues and present opportunities for improvement
  • Assist Asset Manager with implementation of business plan initiatives; analyze property performance relative to business plan targets
  • Assist Asset Manager with preparation and review of property-level budgets
  • Prepare analyses/consolidate information for investor reports and executive team presentations
  • Assist Asset Manager with obtaining institutional investor/lender approvals and handle ad hoc requests for investors/lenders
  • Review annual property appraisals
  • Research value-add strategies/ideas to consider at the properties
  • Assist with analyses, due diligence, and preparation of investment books for financing, recapitalization and disposition transactions
  • Assist with due diligence and transition of new acquisitions into the operating portfolio


  • Bachelor’s Degree in real estate, business, economics, finance or accounting required
  • MBA or Master's in Real Estate preferred, but not required
  • 3-5 years of real estate asset management experience (asset management at an operator preferred) with an emphasis on NYC office and multi-family properties, if possible
  • Superb attention to detail and high degree of curiosity to dig in, learn and understand
  • Ability to be in details but also ability to take a step back and see the “bigger picture” at the same time is required (analytical and strategic perspective)
  • Exceptional financial modeling skills, including thorough understanding of cash flow models, IRR analysis, discounted cash flow valuations, complicated debt structures, including bond financing, profit distribution waterfalls and property-level cash analysis
  • Knowledge of real estate accounting principles preferred and ability to review and understand both accrual and cash methods of accounting critical
  • Ability to prioritize, multi-task and manage conflicting deadlines in a fast-paced environment is critical to success; time management skills essential
  • Exceptional communication, interpersonal, analytical, writing and organizational skills; the ability to manage up and clearly and succinctly communicate is critical to success
  • Self-motivated, resourceful and proactive, both with respect to managing workload and professional development
  • Enthusiasm and desire to succeed in a collaborative environment, with a focus on collective success

Job Function



2+ to 5 years

This job is no longer active.