Asset Manager

Community Development Partners • Portland, OR

429d • Hybrid

About The Position

The Asset Manager at Community Development Partners will lead a growing portfolio of affordable housing communities, ensuring alignment with the company's mission of creating life-enhancing affordable housing. This hybrid role involves financial oversight, performance monitoring, and collaboration with various stakeholders to achieve community goals.

Requirements

• Bachelor's degree in real estate, finance, economics, or a related field, or equivalent experience.
• Minimum 3 years of hands-on Asset Management experience focused on operations and financials.
• Minimum 2 years of experience in affordable housing, including experience with low income housing tax credits (LIHTC).
• Experience with Limited Partnership agreements, loan documents, and regulatory agreements.
• Strong understanding of financial statements, including Operating Statement, Rent Roll, Balance Sheet, and Aged Receivables.

Nice To Haves

• CHAM or CPM certification, or willingness to complete certification within 2 years.
• Experience with financial modeling and Property Management portfolio management.
• Compliance certification.
• Master's degree in real estate development.

Responsibilities

• Maintain detailed working knowledge of each project within the portfolio.
• Monitor asset performance by collecting, reviewing, analyzing, and reporting on asset financials.
• Oversee and monitor the achievement of benchmarks such as construction completion and qualified occupancy.
• Guide property management in decision-making based on budgets and business plans.
• Partner closely with resident services coordinator to meet resident and community goals.
• Ensure compliance by tracking management company filings and tax exemptions.

Benefits

• Cell phone reimbursement
• Paid time off
• Retirement plan
• Sabbatical

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Real Estate
• Education Level: Bachelor's degree