VP, Asset Management – East
Locations: Washington, DC (Remote); Florida (Remote)
Requisition ID: JR102388
About the Employer
April Housing is a leading owner and operator of affordable housing across the United States. Founded in 2022 and headquartered in Los Angeles, April Housing oversees Blackstone’s affordable housing and LIHTC portfolio.
April Housing’s long-term ownership strategy is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. The company focuses on preserving affordable housing, maintaining compliance with rent regulations, and improving operations in line with its Standards of Excellence in Residential Operations.
Role Summary
April Housing is seeking a Vice President – Regional Asset Management to support its East region. The role is responsible for maximizing operating performance and long-term value across an assigned portfolio of affordable housing assets.
The Vice President will work in partnership with Blackstone and April Housing leadership while providing oversight, financial analysis, and strategic direction for the regional portfolio.
What You’ll Do
Strategic Leadership
- Develop and implement asset management strategies aligned with company mission and goals
- Provide leadership and direction to property management teams to ensure alignment with organizational objectives
Financial Oversight
- Monitor and analyze property financial performance, including budgets, forecasts, and financial reports
- Identify opportunities for revenue enhancement and cost reduction
- Review monthly and year-to-date property and portfolio operating performance
- Recommend strategies to improve cash flow and asset value
- Prepare investment recommendation reports for new construction and rehabilitation, including market assessments, construction scope, and operating performance
Portfolio Management
- Oversee a diverse portfolio of affordable housing properties
- Conduct regular property inspections and performance evaluations
- Schedule and evaluate periodic compliance reviews
- Physically inspect each property within the portfolio on a regular cadence
- Prepare periodic property management company reviews based on asset performance and in-person evaluations
Compliance and Risk Management
- Ensure compliance with federal, state, and local regulations and company policies
- Implement risk management strategies to mitigate potential liabilities
- Analyze neighborhood and market conditions and assess potential portfolio impacts
Stakeholder Engagement
- Build and maintain relationships with Blackstone, investors, government agencies, and community organizations
- Represent the company at industry events and forums
- Maintain effective communication with partners, management companies, and internal teams
Team Development
- Mentor and develop property management teams
- Conduct performance evaluations and provide training and support
- Coach, mentor, train, and manage a team of AVPs, Asset Managers, and analysts
Reporting and Analysis
- Prepare and present portfolio performance reports to senior management and the board of directors
- Use data analytics to inform decision-making and improve operational performance
Required Qualifications
- Bachelor’s degree, preferably in Real Estate or Finance
- 9+ years of real estate experience, with a preference for multifamily asset or portfolio management
- Experience in Section 42 housing preferred
- Proficiency in Microsoft Excel
- Strong financial acumen
- Strong communication skills
- Leadership capability
- Personal commitment to affordable housing
Compensation & Benefits
- Base compensation range: $180,000 to $200,000 annually
- Eligible for discretionary bonus and incentive compensation
- Benefits include health insurance coverage, a retirement savings plan, paid holidays, and paid time off (PTO)
How to Apply
Applicants requiring accommodations may contact talent@revantage.com.
Equal Opportunity Statement
April Housing is an equal opportunity employer. The company prohibits discrimination against any applicant or employee based on any legally protected status and is committed to providing reasonable accommodations during the application process.