MINT Asset Manager
Location: Remote
Employment Type: Full-time
About the Employer
Trust Neighborhoods is a nonprofit dedicated to helping neighborhoods facing gentrification fight displacement and direct their own investment. The organization works with existing neighborhood-based organizations across the US in communities at risk of gentrification to help them secure affordable housing and retail before pricing pressure displaces renters. Trust Neighborhoods supports neighborhood-based organizations in launching Mixed-Income Neighborhood Trusts (MINTs) that use outside investment to buy, renovate, build, and manage high-quality, affordable rental housing and retail to preserve affordability, prevent displacement, and enable community governance.
Role Summary
This is Trust Neighborhoods' second asset management position, joining a Senior Asset Manager to build out the asset management function for a growing national network of community-owned, permanently affordable real estate. The role begins with Central Fresno Neighborhood Trust (CFNT) in partnership with Lowell CDC and will grow to support MINTs across Trust Neighborhoods' national portfolio. You'll help develop the systems, practices, and standards that MINT partners will rely on for the long haul while working directly alongside talented community organizations building real estate ownership capacity. This full-time remote position requires regular travel to Fresno (approximately monthly for 3–6 months initially, then approximately every 4–6 weeks after the initial period).
What You'll Do
- Monitor the existing small multifamily portfolio's performance, cash flow, operating expenses, reserves, and compliance with nonprofit, public, and mission-driven requirements
- Ensure that the policies, procedures, and performance of the portfolio align with both financial objectives and the MINT model's community-governance principles, including housing stability, equity, and long-term community benefit
- Work with Lowell CDC and Trust Neighborhoods staff to produce a business plan and feasibility analysis evaluating the possibility of transitioning to in-house property management
- Plan, budget, and oversee major capital improvement projects across the portfolio, ensuring capital investments are cost-effective and enhance long-term asset durability, resident quality of life, and energy efficiency and sustainability
- Oversee general contractors and vendors, including relationship building, scope review, pricing, scheduling, and quality control
- Manage the acquisitions pipeline to grow the portfolio from 17 units to 50+ units in a mission-aligned manner
- Source and evaluate acquisition opportunities that support equitable housing and community development outcomes
- Perform financial underwriting, market analysis, and return modeling
- Lead due diligence (physical, financial, legal, and mission alignment)
- Negotiate purchase terms and support transaction closing activities
- Coordinate with brokers, lenders, attorneys, and public or philanthropic partners
- Propose, refine, and implement policies to guide the work of MINT, and apply lessons learned to future iterations and other MINTs
- Work with Trust Neighborhoods staff to support administrative and governance functions related to funder compliance and reporting, ownership structures and documentation, and insurance and risk management
- Prepare periodic financial and operational reports for leadership, boards, and stakeholders
- Maintain organized records related to leases, contracts, capital projects, and transactions
Required Qualifications
- 5+ years of experience in multifamily asset management, property management, acquisitions, real estate operations, and/or community development
- Strong financial analysis and underwriting capabilities
- Proven ability to manage and hold accountable third-party property managers, general contractors, and vendors
- Familiarity with governance, compliance, and reporting requirements in nonprofit or community development contexts
- Ability to operate independently in a hands-on, growth-stage organization
- Strong project management, negotiation, and organizational skills
- High organizational capacity and comfort managing multiple concurrent projects
- Ability to travel to Fresno monthly for a minimum of 3–6 months, then approximately every 4–6 weeks thereafter
Preferred Qualifications
- Experience working with community-based organizations or mission-driven real estate
- Experience managing small to mid-size multifamily portfolios
- Experience with a variety of asset types and portfolios of varying sizes, ideally including scattered-site portfolios
- Understanding of common affordable housing funding structures and local regulatory environments
- Close proximity to Fresno or the ability to travel to Fresno quickly and conveniently
- Fluency in Spanish
Compensation
$80K–$115K, commensurate with experience
Benefits
Health, dental, and vision insurance; professional development stipend; flexible benefit stipend; unlimited vacation policy
How to Apply
Submit applications by Friday, May 22. Applications will be reviewed on a rolling basis.
Additional Information
Trust Neighborhoods' core values include trusting the neighborhood, getting proximate to the issues and communities supported, embracing learning, being intentional about process, and cultivating a culture of lightness and belonging alongside intense ambition.
