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April Housing · 9 hours ago

AVP. Asset Management (Multifamily)

Washington, DC

Full-time

Onsite

Senior Level

$145K/yr - $160K/yr

7+ years exp

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. The AVP will assist in implementing strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.

Property DevelopmentReal Estate

Responsibilities

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

Qualification

Asset management strategiesAffordable housing complianceFinancial modelingLIHTC understandingAnalytical skillsBudget managementInterpersonal skillsResilienceCommunication skillsProblem-solving skillsTeam collaboration