Position Summary 

The Asset Manager is responsible for overseeing the performance and long-term viability of affordable apartment investments, focusing on optimizing asset performance and mitigating risk through the end of the compliance period. This role involves analyzing construction, lease-up, financial, market, and compliance data, while fostering strong relationships with key stakeholders to ensure successful outcomes. The position requires active engagement throughout the investment lifecycle, from closing to disposition, with opportunities to contribute insights and strategies to enhance asset value. 

Responsibilities  

• Review and analyze construction draw schedules, inspection reports, and lease-up data to track asset performance against projections, assign risk ratings, and prepare financial analyses to estimate benefits, capital adjustments, and stabilization gaps. 

• Evaluate quarterly and annual financial reports to monitor revenues, expenses, and variances from underwritten projections, assigning risk ratings and preparing financial projections for stabilization, cash flows, and market valuations. 

• Process and analyze partnership consent requests, including capital releases, reserve withdrawals, refinances, and partnership modifications, while conducting physical inspections to assess property conditions, management performance, market trends, and compliance. 

• Identify and manage watchlist and distressed assets, developing and communicating improvement or workout strategies, and analyzing capital transactions such as refinancing and end-of-life exits. 

• Support the implementation and reporting functions of the asset management database, ensuring data integrity, creating reports, and conducting pre-production testing. 

• Collaborate with stakeholders, including general partners, property managers, and accountants, to ensure compliance with agreements and resolve issues impacting asset viability. 

• Monitor multifamily market trends, particularly in affordable housing, to assess industry dynamics and the performance of comparable properties. 

• Generate and maintain monthly and quarterly asset performance reports for internal and external stakeholders. 

• Other duties as assigned.