Asset Manager 21-26

About the role

The Austin Affordable Housing Corporation (AAHC) is seeking an Asset Manager – Acquisitions to oversee a growing portfolio of multifamily residential properties throughout the Austin metroplex. This position is responsible for driving asset performance, executing strategic business plans, and managing key relationships with joint venture partners and third-party property management companies.

Responsibilities

• Oversee the performance of affordable multifamily assets, including physical operations, leasing, and financial results.
• Review property financial statements, budgets, and forecasts to identify risks, opportunities, and performance trends.
• Track asset performance against budgets, pro formas, and market benchmarks.
• Develop and maintain financial models to project returns, distributions, and capital events.
• Maintain availability outside of normal business hours to address urgent issues and support crisis management as needed.
• Monitor loan covenants and financing compliance.
• Monitor multifamily and affordable housing market trends, submarket conditions, and competitive properties to inform asset strategies and positioning.
• Provide guidance on leasing and marketing strategies, including pricing, concessions, absorption goals, and branding initiatives.
• Maximize asset value through operational efficiencies and strategic capital planning.
• Conduct site visits to stabilized and transitioning properties to assess physical condition, operational performance, and on-site team effectiveness.
• Collaborate closely with property management teams and joint venture ownership to ensure transparency, alignment, and accountability.
• Partner with joint venture asset management teams to deliver timely, accurate reporting and analysis.
• Promote a culture of innovation, collaboration, performance excellence, and customer service across internal and external partners.

Requirements

• Minimum of seven (7) years of experience in residential asset management, with a strong focus on affordable multifamily housing.
• Austin market experience required.
• Demonstrated expertise in financial modeling, leasing strategy, budgeting, forecasting, and investment analysis.
• Experience managing assets within joint ventures and working with third-party property management companies.
• Ability to interpret and apply real estate agreements, including leases, loan documents, and partnership agreements.
• Bachelor's degree required; MBA or related graduate degree preferred.

Preferred qualifications

• Advanced proficiency in Microsoft Excel;
• Experience with RealPage, ResMan, and Yardi;
• Strong written and verbal communication skills;
• Proven leadership experience, including managing teams and direct reports;
• Ability to prioritize multiple assignments and consistently meet deadlines in a fast-paced environment.

Benefits

Paid sick leave, annual leave, birthday leave & federal holidays
100% of employee health insurance premiums paid by the agency
Supplemental health, dental, vision, and life insurance options for employees and family
Employee Assistance Program
Hybrid work schedule available

Pay

$85,000 - $100,000/yr

Schedule

Hybrid work schedule available

Benefits

For a more detailed description of our compensation/benefits offered, go to the following website: https://www.hacanet.org/employment/

Application Instructions

Applications for the open posted position must be submitted via online at the following website: https://hacanet.applicantpro.com/. However, we will accept applications at the Housing Authority of the City of Austin, 1124 S. IH-35, Austin, Texas 78704. No applications will be accepted after the noted closing dates on the job announcement.