Associate/Sr. Associate, Asset Management
Location: California (Remote)
Work Arrangement: Remote
Employment Type: Full-time
Requisition ID: JR103141
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. Backed by Blackstone Real Estate, we are making a bold commitment to preserving affordable housing across the country and ensuring our assets align with high standards of excellence, including ongoing property improvements and elevated resident services.
Role Summary
We're looking for individuals who share our commitment to excellence and believe in the impact that thoughtful, well-executed work can have on communities. You'll collaborate shoulder-to-shoulder with talented experts in the industry, gaining hands-on exposure that helps you grow your skills and broaden your perspective from day one. 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.
What You'll Do
Portfolio Support:
- Assist with monitoring and analyzing property performance metrics such as occupancy rates, rent collections, operating expenses, and capital needs
- Conduct property reviews and support regular evaluations to identify opportunities or risks
- Support routine property inspections and ensure alignment with operational strategies
Financial and Strategic Support:
- Assist in managing budgets, financial planning, and analyses to align with portfolio goals
- Collaborate with team members to optimize Net Operating Income (NOI)
- Provide assistance in preparing financial reports, audits, and compliance submissions
Compliance and Risk Management:
- Help ensure properties comply with HUD, LIHTC, and other federal, state, and local requirements
- Identify and assist in mitigating risks, including physical, financial, and regulatory challenges
- Support corrective action plans to address compliance or performance issues
Team Collaboration:
- Partner with AVP and property managers to execute operational strategies
- Assist Development and Acquisitions teams with seamless property onboarding
Required Qualifications
- At least 3-4 years of experience in real estate, property management, or asset management, preferably in affordable housing
- Understanding of affordable housing regulations, HUD, LIHTC
- Strong analytical, communication, and organizational skills
- Ability to manage competing priorities in a fast-paced environment
- Team-oriented with a proactive, results-focused mindset
- Communicates effectively: listens effectively and confirms understanding when needed; cooperates effectively with teammates and provides and takes feedback with ease
- Drives results: 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
- Plans and aligns: understands plans communicated and asks for clarity when needed; provides input when plans require front-line input; makes an effort to ensure teammates are aligned on daily and weekly actions supporting the plan
- Manages ambiguity: 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
- Develops talent/professional development: works with leadership to execute individual development plans for self and others; makes time to become the best in their current role and to learn aspects of future potential roles
- Resilient: 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
Compensation
$110K–$130K annually. Actual base compensation may vary based on various factors, including but not limited to location and experience. This position is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits
Health insurance coverage, retirement savings plan, paid holidays, and paid time off (PTO).
How to Apply
If you need an accommodation to complete the application process, please email talent@revantage.com.
Equal Opportunity Statement
April Housing is an equal opportunity employer and prohibits discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including but not limited to: 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.
