Director Of Asset Management

FIND OUT ABOUT OUR MISSION TO CREATE POSITIVE CHANGE

Plymouth Housing is a non-profit organization dedicated to addressing chronic homelessness by developing and managing permanent supportive housing for single adults. With a mission to eliminate homelessness, we

operate 15+ apartment buildings in downtown Seattle, providing over 1,100 people annually with permanent homes and on-site services. Plymouth Housing emphasizes values such as creating a safe and inclusive community, demonstrating trust, advocating for housing equity, serving with empathy, and fostering mutual support. We are committed to a community culture free of discrimination, harassment, and disrespectful behavior, aiming to create an inclusive and respectful environment, particularly for BIPOC and LGBTQIA2S+ individuals.

Join us in our mission to create positive change and make a lasting impact on the lives of those we serve. If you're passionate about driving innovation and improvement, we invite you to apply and be a part of our dynamic team at Plymouth Housing.

ABOUT THIS ROLE

The Director of Asset Management contributes to the mission of Plymouth Housing by overseeing a diverse portfolio of real estate assets and work with third party management partners to maximize each asset’s potential in areas of revenue, net operating income, capital investments and asset preservation.

WHAT YOU CAN EXPECT TO BE DOING IN THIS ROLE AT PLYMOUTH HOUSING

Strategy 50%

• Develop long range plans for new and recapitalized assets to meet investor’s goals.
• Develop, implement and oversee strategic business plans for assets in the portfolio including but not limited to; operating budgets, leasing strategy, capital expenditures, and hold/sell analysis.
• Partner with the internal maintenance team to set standards and make sure these standards are met.
• Evaluate property performance relative to forecasts and investment targets.
• Lead and maintain relationships with Plymouth’s public funders.

Management 40%

• Manage the Asset Management department, including staff, development goals, and overall health of the team.
• Work across multiple departments, from Property Management, Permanent Support Housing, Finance, Maintenance, and Real Estate Development to address and solve problems.
• Maintain and manage relationships with third party property management companies and commercial tenants.
• Manage the transition of newly built and acquired assets and ensure a smooth and successful transition to the property management platform.
• Plan and execute special projects that are a value add to the portfolio.
• Regularly visit properties to evaluate performance, assess building conditions and resolve issues.

Commercial Space Leasing 10%

• Manage leasing broker relationships for the commercial portfolio.
• Negotiate Letters of Interests, Leases and renewals with new and existing tenants. Lead negotiations until the lease are signed.
• Work with Construction Contractors to scope, quote, and manage any landlord work associated with leasing.
• Manage investor expectations of lease-up timeline of new buildings.

KNOWLEDGE, SKILLS, AND ABILITIES WE NEED FROM YOU

• Strong knowledge of and the ability to apply federal, state, and local employment laws and regulations.
• Exceptional attention to details to ensure accuracy, completeness, and consistency.
• Demonstrate the ability to take initiative and think critically by identifying, analyzing, and solving problems.
• Ability to respond timely to customer service inquiries and issues.
• Clear verbal and written communication skills.
• Ability to work independently in a dynamic environment of change, challenge and multiple deadlines/priorities demonstrating organization, flexibility, efficiency, follow-through, and diplomacy.
• Ability to plan, prioritize, and organize work to meet schedules and timelines.
• Ability to compose, proofread, and edit general correspondence, and routine reports.
• Ability to maintain a high level of discretion and confidentiality.
• Intermediate to advanced level of proficiency in MS office Suite i.e., Excel, Word, Teams, and PowerPoint.

QUALIFICATIONS

• Bachelor’s Degree preferably in Real Estate, Business Administration, Finance or related field or equivalent combination of education and relevant work experience.
• Minimum five (5) years’ experience in Asset Management or similar function in affordable multi-family real estate with two (2) years’ management experience.

• Nonprofit experience is desired.
• Advanced degree in Real Estate is a plus.

Salary Range: $136,261.00 to $154,128 Annually

For a full list of our benefits, please go to https://plymouthhousing.org/benefits-staff/

Plymouth Housing is an equal opportunity employer. We recruit, hire, train and promote employees based on merit and business needs, and without regard for race, color, citizenship status, national origin, ancestry, gender, sexual orientation, age, weight, religion, creed, physical or mental disability, marital status, veteran status, military status, political affiliation, or any other factor protected by law.