Description
Company Overview:
Community Development Partners (“CDP”) is a mission-based affordable housing development company, headquartered in Newport Beach, CA with an office in Portland, OR. CDP achieves this mission by not only providing affordable housing, but by ensuring a high quality of living for all of its residents through robust resident services, meticulously maintained communities and artistic vision. CDP owns a portfolio of 24 apartment communities located throughout California, Oregon, Arizona and Nevada. The company is poised for growth with an increasingly robust development pipeline.
Job Description:
Community Development Partners is seeking to hire an Asset Manager to help take on a growing portfolio of affordable housing communities. The Asset Manager will be responsible for the overall performance of their portfolio, while supporting CDP’s mission-based goals. Specifically, the position will also entail:
- Comprehensive understanding of financial statements, including: Operating Statement, Rent Roll, Balance Sheet and Aged Receivables
- Monthly financial reviews
- Internal cash flow modeling and forecasting
- Annual budgeting of revenue, expenses and capital expenditures
- Monthly and quarterly portfolio reporting
- In-depth knowledge of property operations
- Weekly calls with regional managers
- Ability to tie all aspects of operations into financial projections
- Guide property management in decision making based on budgets, cash balances, development process, and business plan
- Work closely with CDP’s resident services coordinator
- Support Development process
- Spearhead loan conversions and related equity installments
- Transition from Development to Asset / Property Management
- Lease-ups
- Underwriting guidance
- Ensure compliance
- Track and oversee management company filings including state, lender and investor reporting
- Track and oversee tax exemptions by non-profit partner
Experience
The ideal candidate will have the following:
- A minimum of 3 – 5 years of real estate experience in a related field;
- Strong organizational skills
- Ability to work on multiple projects simultaneously and meet deadlines;
- A proven track record of advancement;
- A strong understanding of development, finance, operations or affordable housing;
- Proficiency in Microsoft Excel;
- Strong work ethic.
Experience
2+ to 5 years
This job is no longer active.