April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $110,000-$150,000, 15-20% bonus target (this represents the presently-anticipated low and high end of the Company’s base salary range for this position). Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.
What you will do:
- Reviewing monthly and year to date property and portfolio operating performance
- Recommending methods to strategically improve portfolio performance to improve cash flow and increase value
- Schedule and evaluate periodic compliance reviews
- Physically inspect each property within their portfolio with regular cadence
- Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
- Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
- Prepare periodic property management company reviews based on asset performance and in-person talent evaluations
- Maintain effective lines of communication with all partners, management companies, and internal departments
- Bachelor’s Degree – preferably in Real Estate or Finance, but not a requirement
- 7+ years of real estate experience, with a preference for multifamily asset or portfolio management
- Experience in Affordable Housing preferred
- Microsoft Excel proficiency required
- Financial acumen
- Strong communication skills
- Leadership ability
- Personal commitment to making a positive difference in affordable housing
What we offer:
And of course, we offer competitive pay and a full slate of benefits.
If any of this sounds interesting, apply today, and help us close America’s affordability gap!
EEO Statement
#LI-Remote #LI-KR1