Benefits

Job Description

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.

Role & Responsibilities: Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. The role and responsibilities of this position include, but are not limited to, the following:

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.

Education and Experience:

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, asset management, property operations in settings with portfolios of at least 3000 apartments.

Physical Abilities:

The physical ability to perform tasks may require prolonged sitting, standing, and/or moving.

Moves throughout the office spaces, outdoor spaces, and building to access areas of resident services.

Moves equipment weighing between 20-35 pounds without assistance. Moves more than 35 pounds with assistance.

Moves through outdoor spaces of varying levels and textures including uneven ground. May have to move around active construction sites and follow the site-specific safety protocol.

Work Environment:

The noise and climate level in the work environment varies depending on the work site, including outdoor work environments. Reasonable accommodation may be made to enable individuals with different abilities to perform the roles and responsibilities of this position.

This role requires working at different sites and in areas at varying degrees of distance.

Compensation:

It may vary based on skills, experience and qualifications:
$200,000 - $215,000

Benefits:

CHW offers employees generous benefits, including:

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

Additional Benefits:

In addition to those benefits outlined above, CHW employees have access to a variety of other benefits to customize a benefit package that meets their individual needs. Examples of these benefits include Identify Theft Protection, Hospital Indemnity, Accident or Critical Illness Insurance, and ID Legal Shield Services Plan.

Community HousingWorks is an equal opportunity employer and is committed to creating a diverse and inclusive company culture, CHW does not discriminate against candidate and employees because of their disability, sex, race, gender identity, sexual orientation, religion, national origin, age, veteran status, or any other protected status under the law.

Property Management

Portfolio Management

Finance

Construction

Asset Management

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