AVP, Asset Management (Multifamily)
Locations: Remote – Georgia
Requisition ID: JR102405
About the Employer
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio.
April Housing seeks to preserve critical affordable housing stock while providing best-in-class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing.
In addition to managing a growing portfolio, April Housing ensures assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning operations with April Housing's Standards of Excellence in Residential Operations.
Team Overview
We are seeking an Assistant Vice President/Regional Asset Manager to join the company’s Asset Management team. Working in partnership with Blackstone and April Housing leadership, this role assists in implementing the strategic direction for the region and is responsible for maximizing the operating performance and value of the assigned portfolio.
What You’ll Do
Strategic Leadership
- 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 market assessments, proposed construction scope, and accompanying operating pro forma
Portfolio Oversight
- 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 the portfolio on a regular cadence
Financial Performance
- 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 and market conditions and trends to identify potential impacts on the existing portfolio
Team Development and Collaboration
- Partner with property management companies to ensure consistent execution of operational strategies
- Collaborate with the Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio
Compliance and Risk Management
- Identify and mitigate potential physical, financial, and regulatory risks
- Develop and implement corrective action plans to address performance or compliance issues as needed
Required Qualifications
- Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred
- Minimum of 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
Required Criteria
- 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
- Communicates effectively and cooperates cross-functionally
- Demonstrates resilience, adaptability, and commitment to results
- Supports professional development for self and others
Compensation & Benefits
April Housing is committed to providing best-in-class management and high-quality housing for residents who earn less than the area’s median income. The organization offers competitive pay and a full slate of benefits.
Over the next decade, April Housing intends to invest over $500 million to improve communities while keeping rents affordable for residents.
Equal Opportunity Statement
April Housing is an equal opportunity employer. In accordance with applicable law, discrimination against any applicant, employee, or other covered person is prohibited based on any legally recognized basis. April Housing is committed to providing reasonable accommodations. If you need an accommodation to complete the application process, please email talent@revantage.com.
