AVP, Asset Management

About the role

At April Housing, we are seeking an Assistant Vice President to join the company’s Asset Management team. This role will work in partnership with Blackstone and April Housing leadership to implement strategic directions for their region and maximize the operating performance and value of their assigned portfolio.

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.

Qualifications

• Education: Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred.
• Experience: 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.

Key Skills And Competencies

• Understanding of affordable housing programs and compliance requirements.
• Strong analytical and problem-solving skills with a data-driven approach.
• Excellent interpersonal and communication skills to collaborate with a diverse range of stakeholders.
• Strategic thinker with a proactive and results-oriented mindset.
• Ability to manage multiple priorities in a fast-paced environment.

What We Offer

• Base Compensation Range: $150,000.00 To $165,000.00 Annually.
• Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
• Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).