Assistant Vice President/Regional Asset Manager
Location: Texas (Remote)
Employment Type: Full-time
About the Employer
April Housing is a leading owner and operator of high-quality affordable housing across the United States. Founded in 2022 and headquartered in Los Angeles, we are a portfolio company of Blackstone Real Estate, supporting the affordable housing and LIHTC (Low-Income Housing Tax Credit) portfolio. Our mission is to preserve critical affordable housing stock while delivering exceptional management and high-quality homes to the communities we serve. We are committed to being a fair, transparent, and responsible owner. Over the next decade, we intend to invest over $500 million to improve our communities while keeping rents affordable for our residents.
Role Summary
The Assistant Vice President/Regional Asset Manager will work in partnership with Blackstone and April Housing leadership to implement strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned affordable housing portfolio.
What You'll Do
- 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 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 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 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
Required Qualifications
- 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
- 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
- Listens effectively and confirms understanding when needed; cooperates effectively with teammates across intact teams and cross-functionally; provides and takes feedback with ease
- Works hard to ensure understanding of all critical performance targets; lines up personal and team performance to deliver results; accepts feedback and pivots activities and behaviors when needed to improve results
- Understands plans communicated and asks for clarity when needed; provides input when plans require front-line input; makes effort to ensure teammates are aligned on daily and weekly actions supporting the plan
- Carefully listens to need for change or need to wait for instruction in times of change; keeps moving daily and weekly tasks forward while waiting for any pivots to workstream
- Works with leadership to execute individual development plans for self and others; makes time to become the best in current role and to learn aspects of future potential roles
- Stays abreast of results individually and for the team and reacts with persistence, especially when results are less than planned; keeps a positive attitude and entertains and develops ideas to enhance results
Preferred Qualifications
- Bachelor's degree in Business Administration, Finance, Real Estate, or a related field
Benefits
Competitive pay and a full slate of benefits.
Additional Information
At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area's median income. You will be joining a dedicated team who live this mission every day. We are building a team of bold, mission-driven professionals who are motivated by meaningful work and energized by collaboration. Our environment is dynamic, fast-paced, and evolving, designed to support curious, ambitious people as they take on new challenges and develop capabilities that translate throughout their careers.
