Managing Director of Multifamily Office to Residential Conversions
$200,000–$250,000 year
On-siteNew York City, New York, United States or New York, United States
Job Summary
Lead operational strategy and execution for commercial-to-residential conversion projects across multiple assets, guiding them from concept through stabilization. Partner with Development, Construction, Asset Management, Finance, Legal, and Property Operations teams to assess feasibility, unit mix, and long-term efficiency strategies while identifying operational risks and cost exposures. Oversee the transition from construction completion through lease-up, developing operational readiness plans for staffing, vendors, technology, and resident service standards. Drive occupancy, resident satisfaction, and NOI growth by collaborating with Marketing and Leasing to support asset positioning and retention. Develop business plans, operating budgets, and forecasts with Ownership and Asset Management, ensuring decisions align with investment objectives. Serve as the primary operational leader coordinating internal teams and external stakeholders throughout the conversion lifecycle, mentoring Property Management, Engineering, Leasing, and Facilities teams. Ensure compliance with housing regulations and oversee vendor contracts and building operations in both union and non-union environments. This Managing Director role supports Rose Associates' vertically integrated platform transforming real estate opportunities into thriving communities across the Northeast and Mid-Atlantic regions.
Required Qualifications
- 15+ years of progressive leadership experience in multifamily operations, with high rise and mixed-use assets, adaptive reuse, operations, or large-scale property management
- Demonstrated success leading assets that have undergone the conversion from commercial-to-residential, multifamily development and repositioning projects, large-scale lease-ups, and operations within union and prevailing wage environments
- Strong understanding of multifamily operations, construction coordination, complex high rise building systems and operational planning
- Demonstrated financial acumen including budgeting, forecasting, payroll strategy and NOI management
- Ability to navigate complex, fast-moving projects with multiple stakeholders and competing priorities
- Strong leadership, communication, project management and problem solving skills
- Proficiency in navigating computers and community management software, to include Yardi, construction and reporting platforms, EliseAI, iLuvLeasing, and On-Site
- Must be present on-site and be able to move throughout the buildings to address community-related matters, including exceptional communication skills to meet with tenants, staff, vendors and visitors
- Ability to travel between the main office and site locations within the portfolio and be able to ascend and descend stairs, including comfortability with exposure to varying environmental climates and circumstances
- Work authorization
Desired Qualifications
- Bachelor's degree in Real Estate, Business, Construction, Management, Hospitality, Architecture, Engineering, or related field
- Experience working with institutional ownership groups, developers, REITs, or private equity-backed real estate platforms
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