Vice President of Real Estate Asset Management

The VP of Real Estate Asset Management's primary responsibilities are to strategically lead, manage, and hold accountable (LMA) the Asset Management Department. This position will serve as a member of the Executive Leadership Team (Team Verde) and have as its ultimate responsibility to (1) be the confident voice for the portfolio and the department, actively engaging with Team Verde; (2) protect and manage the long-term performance and health of the portfolio; and (3) with a creative lens, draw upon the synergies between departments for more effective team collaboration, communication, and operating procedures that collectively move our mission forward.

 

• Lead, coach, develop, and retain a high-performing team.
• Lead the relationships with the Achieve Department and the property management companies’ executive leadership to set strategies for property-level teams to be more cohesive, collaborative, communicative, and effective in portfolio performance and operations.
• Identify, plan, communicate, lead, and successfully execute related opportunities to reposition portfolio assets with the Housing and Real Estate Development (HRED) team. 
• Benchmark, analyze, monitor, generate reports, and regularly present a clear and concise summary of the portfolio performance to the executive leadership team and the Board of Directors.
• Establish portfolio strategy for the department to maximize return on capital investments, residual receipt payments, and mission impacts, and protect the long-term asset value of the portfolio in collaboration with the Finance and Accounting team.
• Establish and maintain effective relationships with external stakeholders to both maintain CHW’s reputation as a strong owner-operator and to meet all regulatory compliance obligations.
• Partner with the CFO to strategize on how to manage the impact of portfolio risk and liability as it relates to CHW’s overall financial health.
• Assure appropriate levels of capital and reserve investments in projects to maintain asset physical and financial health and quality for long-term sustainability.
• Set strategies for the department to successfully execute the lowest cost Year 15 exits of limited partners from tax credit projects.
• Lead owner’s representative perspective in collaborative underwriting and due diligence for all acquisitions, resyndications, dispositions, construction, and rehabilitation projects with the Housing Real Estate Development team.
• Lead the successful execution of cross-department collaborative initiatives to best meet CHW’s mission and strategic plan, including, but not limited to, integration of enterprise resource platform (ERP), eviction-prevention, credit strengthening, supportive housing, property marketing and lease-up, and property conversion from the development phase to operation phase.
• Approve annual budgets for the portfolio.
• Create and implement an annual rent increase policy for the portfolio.
• Successful execution and completion of additional responsibilities as assigned.

• Bachelor’s degree in real estate management, Business Administration, Management, or Accounting from an accredited university or college, and a minimum of eight years and demonstrated relevant professional experience and competence in related fields required.
• A master’s degree is preferred.
• Minimum of ten years of management experience in multi-family, tax-credit financed, affordable housing or Property Management in settings with portfolios of at least 3000 apartments.

• Medical, Dental and Vision Plan
• 401(K) with company matching contributions
• Life Insurance, Short- and Long-Term Disability
• FSA (Flexible Spending Account)
• Responsible Time Off (RTO)
• 12 Paid holidays
• Hybrid Workplace
• Wellness and Work Life Balance
• Opportunities for Professional Development
• EAP (Employee Assistance Program)
• Free Gym Access
• Paid Time Volunteer Opportunity
• Company-Wide Events
• Diversity, Equity and Inclusion