Provide a single point of contact with general partners and internal departments regarding assigned assets
Independently manage a portfolio of investments in real estate partnerships
Identify and analyze issues, and recommend and execute action plans
Monitor investment and property performance
Analyze tax returns and property and sponsor financial statements
Review third-party inspections and reports on compliance with Low Income Housing Tax Credit (LIHTC) regulations
Review requests for capital contributions and reserve releases
Underwrite general partner consent requests (including loan refinances and changes in partnership structures)
Perform site visits
Assess markets in which assets reside, identify market and sub-market risks and issues
Negotiate and execute the exit from the investment partnerships
Track any work outsourced to third parties.
Monitor and track construction progress including; approve change orders, monitor and manage budget and schedule timelines
Track lease-up schedule, including; receipt of 8609’s, credit calculation, calculation of adjusters, tracking of construction and perm debt commitments and confirmation of debt sizing
Four year degree in commercial real estate and/or finance oriented area or equivalent work experience in Asset Management or Property Management.
3-5 years’ experience in one or a combination of the following: commercial real estate, low-income housing tax credit investment asset management, underwriting, lending, or workout.
Associate Asset Manager
Four year degree in a commercial real estate and/or finance oriented area or equivalent work experience in Asset Management or Property Management.
CCIM, CPM or MBA
Experience in Low Income Housing Asset Management, underwriting
Job and compensation levels depend upon an applicant’s qualifications including the extent of his/her relevant experience and other job related factors and will be determined by hiring supervisors/managers and HR.