MidPen Housing Corporation · 9 hours ago
Asset Manager, Real Estate Transactions (Foster City)
Foster City, California
Full-time
Hybrid
Mid Level
$105K/yr - $125K/yr
3+ years expMidPen is a non-profit organization committed to providing safe, affordable housing and fostering diverse communities. The Asset Manager, Real Estate Transactions will manage projects within the stabilized portfolio, overseeing property rehabilitations, loan modifications, and capital transactions while coordinating with internal teams and external partners.
Building MaterialCommunitiesLifestyleNon ProfitReal Estate
Responsibilities
Support portfolio strategy by maintaining asset planning tools, identifying risks and opportunities, and developing long-term project pipelines
Monitor RFPs/NOFAs, energy incentives/grants, prepare funding applications, and assess project impacts on cash flow, compliance, rents, and capital needs
Lead project execution by coordinating document reviews, securing internal/external approvals, updating internal systems, and managing communication with stakeholders, and site teams
Prepare and present materials for Board and Committee meetings; provide regular project updates to leadership
Manage all HAP contract activities, including applying for available funds, negotiating contract terms, and coordinating implementation with internal and external partners
Identify and execute refinancing and loan modification opportunities; evaluate properties for restructuring programs and lead approved financing processes through closing
Oversee property rehabilitation planning and execution, including budgeting, scheduling, contractor negotiations, adherence to building guidelines, and collection of warranties/O&M documentation
Coordinate capital improvement activities with Construction/Facilities teams to ensure projects meet scope, budget, and timeline expectations while securing eligible loan/grant draws and rebates
Manage investor buyouts by monitoring options and right of first refusals, coordinating with investors, preparing approval materials, documenting transactions, and supporting accounting requirements
Qualification
Required
Proficiency using Excel, Word, and Outlook
Ability to prepare financial feasibility analysis and strategic plans, conduct research, and prepare narrative reports and proposals
Proven capability to analyze complex problems
Excellent reading, written and verbal communication
Ability to work in fast-moving, flexible environment and maintain priorities and project management skills
Ability to prepare financial feasibility analysis, conduct research and prepare narrative reports and proposals
Self-starter, minimal need for guidance from manager/supervisor
Commitment to the Mission and Values of MidPen
Must have valid California driver's license, reliable transportation, and proof of current auto insurance policy
Bachelor's degree in finance, Community Development, Economics, Urban Planning, or related field plus 3 years' experience in low-income housing development or asset management, or combination of education and relevant work experience
Benefits
Health Insurance
Dental, Vision, Life & Disability Insurance
403(b) Retirement Investment
Employee Education Reimbursement Program
Paid Parental Leave
FSA for Childcare, Medical, and Commuter Benefits
EAP Program
Pet Insurance
Paid Time Off
Company Holidays
Wellness Days
Company
MidPen Housing Corporation
MidPen Housing is a leading nonprofit that creates and manages affordable homes across Northern California.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$6.6MKey Investors
Community Development Financial Institutions Fund
2024-10-23Grant· $6.6M
Leadership Team
Matthew O. Matt Franklin
President and CEO
Recent News
2025-04-14
Silicon Valley Business Journal
2025-03-04
Business Journals
2023-05-19
Company data provided by crunchbase