AVP, Asset Management – Multifamily

Work from home Full-time role Hiring

Job Description:

Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments
Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements
Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs
Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation
Manage property budgets and long-term financial planning, ensuring alignment with ownership goals
Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets
Oversee annual audits, financial reporting, and tax credit compliance submissions
Partner with property management companies to ensure consistent execution of operational strategies
Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio
Identify and mitigate potential risks, including physical, financial, and regulatory challenges

Requirements:

Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred
Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing
Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations
Strong financial acumen, including experience with financial modeling, budgeting, and reporting

Benefits:

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