Asset Manager- Multifamily - DRA Advisors LLC

October 23, 2017
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DRA Advisors LLC

New York, New York 10017

DRA Advisors, a leading investment advisor specializing in real estate investment and management services for institutional and private investors, with over $10 billion in assets currently under management, is currently recruiting for a Multifamily Asset Manager. 

Key Responsibilities/ Duties:

  • Manage garden-style multifamily assets within an institutional caliber organization

  • Work with all levels of Property Management professionals to effectively implement the business plan

  • Work with Joint Venture structure, with the ability to manage and develop key relationships with equity partners

  • Must proactively recognize, investigate and communicate property level issues to senior management

  • Review and analyze monthly property level reports to ensure adherence to annual budget

  • Evaluate and oversee capital improvements and value add strategies, with specific knowledge in the execution of interior unit renovation plans

  • Collaborate with acquisition and disposition teams throughout the life of an asset to achieve investment objectives

  • Must develop expertise in the geographies of assigned assets and represent DRA Advisors in the marketplace.  Understand current market trends related to the demographics, job growth, economic drivers and product supply that affect a portfolio and act on them

  • Actively participate in the acquisition of new assets – responsible for overseeing the due diligence process inclusive of market analysis, engineering, environment and financial reviews

  • Position is located in NYC with 25% travel required

  • Experience in working with Revenue Optimization Systems (Yieldstar or LRO) is a plus

  • Perform other duties and responsibilities as assigned

The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.


  • Minimum of 5 years’ experience  as  a  “hands  on”  asset  management  specialist  in  the  Institutional  Multifamily  sector

  • A Bachelor’s degree is required


  • Candidate should be a self-starter with proven communication skills and an ability to work within a team environment.
  • Strategic thinking with an ability to execute tactically.
  • Ability to work within tight timeframe's and meet strict deadlines.
  • Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization.
  • Proficiency in Microsoft Office: Excel and Word
  • Excellent attention to detail and accuracy along with ability to multitask and prioritize