Position Type: Full time
State: NY
City: New York
Zip Code: 10123
Compensation: $93,600.00 - $156,000.00

Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

AvalonBay Communities is seeking a Senior Associate of Asset Management to join our New York team. This role provides analytical and strategic support to drive the performance of our New York/New Jersey portfolio. You’ll play a key role in developing investment strategies, executing value-creation initiatives, and ensuring long-term asset optimization across a diverse mix of multifamily and mixed-use communities.

What You’ll Do:

• Analyze and optimize performance: Conduct long-term performance reviews and develop property-level business plans, including hold/sell analyses and portfolio strategy recommendations

• Model financial performance: Build and maintain detailed financial models, including DCFs, IRRs, equity multiples, and FFO yield analyses to support decision-making

• Identify value-add opportunities: Evaluate and implement initiatives that enhance asset value, improve NOI, and strengthen community performance

• Manage risk and capital planning: Assess CapEx needs, implement risk-mitigation strategies, and partner with Capital Projects and Development teams on execution

• Lead a regional portfolio: Serve as primary asset manager for a select group of assets, ensuring operational and financial targets are met

• Collaborate cross-functionally: Partner closely with Residential Services, Investments, Development, and other stakeholders to align strategies and deliver results

What We’re Looking For

• Education: Bachelor’s degree in Finance, Real Estate, Economics, or a related field

• Experience: 2–4 years of experience in Asset Management, Acquisitions, or a related discipline (Brokerage, Valuations, etc.)

• Skills: Advanced proficiency in Microsoft Excel and strong financial modeling capabilities

• Attributes: Highly analytical, detail-oriented, and collaborative, with excellent written and verbal communication skills

How AvalonBay Supports You

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.  We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)

Job ID JR105971