Project for Pride in Living (PPL) · 3 months ago
Senior Director of Asset Management
Minneapolis, MN
Full-time
Onsite
Director/Executive
$125K/yr - $150K/yr
7+ years expProject for Pride in Living (PPL) is a nonprofit organization dedicated to empowering low-income individuals and families to become self-reliant through integrated services in housing, employment, and education. The Senior Director of Asset Management will lead the stewardship of PPL's real estate portfolio, overseeing long-term asset planning, compliance, investment and portfolio analysis to ensure alignment with PPL’s mission.
EducationNon ProfitProperty ManagementSocial
Responsibilities
Monitoring performance of portfolio of low-income housing units plus commercial space, especially monitoring financial performance, physical condition and capital expenditures, advising of opportunities for improvement of troubled properties and recommending corrective action
Establishing an Asset Management Plan for each owned property, clarifying management priorities consistent with PPL mission
Reviewing insurance and property tax status of each property and taking measures to assure proper insurance coverage and tax classification and valuations
Reporting to limited partners and funders as required, ensuring connection to the PPL Executive Team
Working closely with PPL’s compliance team, monitoring compliance with all funding and other requirements for all owned properties
Reviewing, recommending and implementing new financing or ownership structures for existing portfolio, as appropriate
Maintaining all property records in a well organized, easy to retrieve system, for legally required time periods
Serve as supervisor to Associate Director of Asset Management and Real Estate Project Analyst
Qualification
Required
Demonstrated problem solving skills in analyzing and recommending alternatives and solutions to funding issues, legal structure and operating issues related to an affordable housing portfolio
Strong financial analysis skills essential to the review of the financial performance, capital needs and operating reserves of individual properties and a broader portfolio
Assist with the preparation of budgets, capital expenditures, and tax information
Proficient in Microsoft Office products especially Excel. Experience with Yardi a plus
Must have valid Minnesota drivers' license and able to drive to inspect sites
7-10 years experience in asset management, real estate investment management, commercial real estate finance, property management, real estate accounting or other closely related field
Demonstrated proficiency in the ability to read and interpret documents related to the Asset Management position
Familiarity with low-income housing funding mechanisms essential to development and operation of affordable housing properties
Understanding of the various legal entity structures and their reporting requirements (e.g. LLC, LP, LLP)
Knowledge of real estate financing and accounting
BA/BS degree in Real Estate Management, Business, Finance or Accounting, or other related field. (additional education may substitute for experience)
Benefits
Health & Dental Insurance
Employer-Paid Short & Long-Term Disability & Life Insurance
Paid Parental Leave
HSA or FSA Options
PTO & Paid Holidays
403(b) Retirement Plan with Employer Match
Summer Half-Day Fridays (Memorial Day-Labor Day)
Meaningful work that impacts lives
Company
Project for Pride in Living (PPL)
Project for Pride in Living (PPL) is a nonprofit organization working to build the hope, assets, and self-reliance of individuals and families who have lower incomes by providing transformative affordable housing and employment readiness services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Pauleen Le
Director of Communications and Marketing
Recent News
2025-04-10
2025-03-07
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