Director, Asset Management

About The Job

The Director, Asset Management is expected to engage in any or all of a broad range of responsibilities across the real estate development and construction project lifecycle. The position demands significant technical input and decision-making in relation to JPI projects, as well as the leadership and management of people in the Development Team.

Essential Functions & Responsibilities

• Oversight of property build processes, including monthly funding requests and AHJ compliance requirements.
• Construction owner’s rep support.
• Evaluate and respond to PCO requests and RFIs requiring owner input.
• Coordination of outside investor approval on decisions when applicable.
• Ownership of project budgets and construction finance close-outs.
• Oversight of LIHTC inspection and compliance requirements.
• Lead PSR/OAC meetings.
• Management of property sales, including broker selection, property marketing, buyer negotiation, and due diligence.
• Conduct sell/hold analysis and obtain IC approvals.
• Management of investor communications, including site tours and quarterly updates.
• Execution of refinance transactions.
• Overseeing lease-up and leasing operations, including pricing strategy, market positioning.
• Selecting property managers (PMs) and executing PM agreements.
• Handling PM onboarding and pre-lease-up activities.
• Engaging with AHJs for ongoing compliance of operating assets.
• Developing & implementing asset management business plans.
• Handling loan conversions, cost certificates, and cost segregation reports on LIHTC deals.

Education, Work Experience, And Physical Requirements

• A Bachelor’s Degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math or related field required.
• Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills.
• Minimum of 8 years’ experience in Real Estate development, including significant multifamily development experience.

Additional Information

General Base Pay Range: $180,000 - $220,000