About The Position
The Director, Asset Management is expected to engage in any or all of a broad range of responsibilities across the real estate development and construction project lifecycle. The position demands significant technical input and decision-making in relation to JPI projects, as well as the leadership and management of people in the Development Team. The Director, Asset Management, will typically be responsible for one or more of the following development disciplines: Development Planning, Land Acquisition and Entitlement, Financial Modeling, Project Close, Investment Ownership.
Requirements
- A Bachelor’s Degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math or related field required.
- Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills.
- Minimum of 8 years’ experience in Real Estate development, including significant multifamily development experience.
Nice To Haves
- Graduate degree and/or relevant professional certifications encouraged.
Responsibilities
- Oversee property build processes, including monthly funding requests and AHJ compliance requirements.
- Construction owner’s rep support
- Evaluate and respond to PCO requests and RFIs requiring owner input.
- Coordination of outside investor approval on decisions when applicable.
- Ownership of project budgets and construction finance close-outs.
- Oversight of LIHTC inspection and compliance requirements.
- Lead PSR/OAC meetings.
- Manage property sales, including broker selection, property marketing, buyer negotiation, and due diligence.
- Conduct sell/hold analysis and obtain IC approvals.
- Manage investor communications, including site tours and quarterly updates.
- Execution of refinance transactions.
- Oversee lease-up and leasing operations, including pricing strategy, market positioning.
- Select property managers (PMs) and execute PM agreements.
- Handle PM onboarding and pre-lease-up activities.
- Engage with AHJs for ongoing compliance of operating assets.
- Develop & implement asset management business plans.
- Handle loan conversions, cost certificates, and cost segregation reports on LIHTC deals.
- Other duties as assigned.
Benefits
- Competitive Bonus Program
- 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)
- 11 Holidays and 8 Early Release Days
- Medical, Dental, Vision, and Life Insurance
- 401(k) with Company Match (Up to 5% Match)
- Health Savings Account
- Flexible Spending Accounts (Dependent & Medical Reimbursement)
- Paid Parental Leave
- Paid Volunteer Time
- Tuition Assistance
- Phone Reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Director
