Founded in 1985, Stellar Management is a New York City based real estate investment and management firm. With over 13,000 apartments and nearly three million square feet of office and retail space under the firm’s corporate umbrella, Stellar is an active market participant focused exclusively on New York City. Since its inception, Stellar has built its superior track record on owning and managing properties for a diverse array of residential, retail and office users. Stellar Management employs a direct, hands-on approach to value investing by marrying its best-in-class management operation with in-house construction and development teams. The vertical integration of management, development and ownership is a central tenet of the firm’s investment and management philosophy and enables Stellar to quality control every step of the design, development and execution process. With a fully integrated real estate platform, Stellar is able to provide stakeholders accountability across the many facets of real estate investment. For this, Stellar has cultivated a well-respected reputation in the industry.

Stellar Management

Business Analyst

Analyze real estate investments, supporting multifamily, office, and retail asset management.

• Execute and communicate continually with the Company's strategic agenda as it relates to real estate assets’ business plans and apprise them on issues/decisions impacting asset values
• Create and execute the implementation of asset level strategies and operational initiatives aimed at maximizing value for all real estate assets owned by Stellar Management
• Responsible for the strategic and full-cycle oversight of the asset management for properties owned by Stellar Management
• As such, lead and implement the following functions with a hands-on, active management perspective:
• Support Acquisitions Process
• Assist in developing business plans
• Opine on rents and costs savings opportunities
• Propose value creation ideas
• Perform due diligence
• Business Plans / Budgets
• Execute and or create the business plan for each asset
• Create and manage KPIs for assets
• Prepare Annual Operating and Capital Budgets
• Manage assets and operating results to be in line with business plans and budgets
• Maintain Deal Model that provides actual financial analysis and reporting verses business plan
• Historical and projected performance analysis,
• Track actual performance against investment projections
• Propose solutions and manage toward achieving business plans
• Capital Improvements
• Frame cost / benefit analyses of potential capital improvements and apartment renovation programs
• Support the execution of capital improvement projects
• Support ground-up development projects and specifically manage initial lease-ups and transition from construction to property management
• Revenue Management
• Manage 3rd Party office and retail leasing brokers
• Develop and implement effective leasing and tenant retention programs for office and retail assets
• Operations
• Support property level operations to achieve business plans
• Financing
• Manage financing process on an asset level by working with debt brokers, lenders, and in house team
• +/- $1bn per year of debt transactions
• Investor Relations / Reporting
• Report on performance, budget variances and significant changes in market and property conditions to internal principals, external equity partners and lenders.
• Manage the timely and accurate production of financial statements on both a property and portfolio level
• Help identify, implement, and support accounting best practices
• Frame capital recycling strategies, create disposition buy/hold analyses, and manage dispositions processes

Asset Management Analyst

Paralegal

Manage legal processes and collections for tenants in a real estate firm.

• Initiate and manage legal processes with tenants who fail to comply with leases and legal agreements.
• Reviewing arrears reports for all properties in the portfolio and identifying underperforming assets.
• Developing collection strategies to optimize collections.
• Coordinate with the legal team on the commencement of the collection process
• Communicate with outside attorneys on the collection of arrears for current and former tenants.
• Coordinate with property managers on the collection of outstanding arrears
• Contact residents regarding outstanding balances
• Resolve billing issues with residents and coordinate with the accounting department to correct billing errors.
• Draft and monitor payment plan agreements.
• Act as a company representative in upholding quality customer service and a positive company image by resolving customer account inquiries.

Stellar Management Jobs in New York City