AVP, Asset Management (Multifamily)
Location: Texas (Remote)
Work Arrangement: Remote
Employment Type: Full time
Requisition ID: JR102950
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 clear: 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. Backed by Blackstone Real Estate, we are making a bold commitment to preserving affordable housing across the country and ensuring our assets are aligned with high standards of excellence, including ongoing property improvements and elevated resident services.
Role Summary
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, the AVP will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their 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 a market assessment, proposed construction scope, and accompanying operating proforma
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 with 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 or market conditions and trends, identifying the potential impact on the existing portfolio
Team Development and Collaboration
- 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
Compliance and Risk Management
- 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
- Ability to communicate effectively, listen and confirm understanding, and cooperate effectively with teammates across the organization
- Ability to drive results, understand critical performance targets, and align personal and team performance to deliver outcomes
- Ability to plan and align, understand communicated plans, and ensure teammates are aligned on daily and weekly actions
- Ability to manage ambiguity, listen to needs for change, and keep moving tasks forward during periods of transition
- Commitment to developing talent and professional development for self and others
- Resilience to stay abreast of results and react with persistence, maintaining a positive attitude
Preferred Qualifications
- Bachelor's degree in Business Administration, Finance, Real Estate, or a related field
Compensation
Competitive pay
Benefits
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're growing! "April," which means "to open," aligns with our goal of opening new paths to expand the supply of affordable housing and close America's affordability gap. Over the next decade, we intend to invest over $500 million to improve our communities while keeping rents affordable for our residents.
Equal Opportunity Statement
April Housing is an equal opportunity employer and prohibits discrimination based on veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed, sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy, age, national origin or ancestry, citizenship, physical or mental disability, genetic information, protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law.
