AVP, Asset Management – Multifamily

Job not on LinkedIn

November 18

☕ Washington – Remote

Although this job is listed in Washington, this company may be open to hiring remote in other states.

💵 $145k - $160k / year

⏰ Full Time

🔴 Lead

👔 Vice President

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April Housing

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Real Estate • Non-profit • Social Impact

April Housing is a leading provider of solutions and capital for the creation and preservation of high-quality affordable housing throughout the United States. A Blackstone portfolio company, April Housing is committed to preserving the affordability of this critical housing stock on a long-term basis. Based in Los Angeles, the company oversees one of the nation’s largest Low-Income Housing Tax Credit (LIHTC) portfolios, aiming to expand the supply of quality affordable housing where residents and communities thrive. April Housing emphasizes best-in-class management, resident engagement, and community impact, with a mission to invest over $500 million to improve their communities while keeping rents affordable.

51 - 200 employees

🏠 Real Estate

🤝 Non-profit

🌍 Social Impact

📋 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. • Physically inspect each property within their portfolio with regular cadence. • 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. • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio. • 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. • Develop and implement corrective action plans as needed to address performance or compliance issues.

🎯 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

• health insurance coverage • retirement savings plan • paid holidays • paid time off (PTO)