Director of Asset Management, Real Estate Transactions (Foster City, Oakland)

MidPen Housing•Foster City, CA

3d•Hybrid

About The Position

MidPen is a non-profit organization dedicated to building communities and changing lives through safe, affordable housing. Since 1970, MidPen has developed affordable housing, provided professional property management, and coordinated support programs for residents. The organization operates in 12 Northern California counties, managing a portfolio of over 142 properties that house 22,800 individuals. MidPen is recognized as a leading non-profit developer and steward of affordable housing and is committed to social, economic, and racial equity. The Director of Asset Management, Real Estate Transactions reports to the Vice President of Asset Management and is part of the Senior Leadership Team. This role oversees assigned projects within MidPen’s stabilized portfolio, including rehabs, loan modifications, refinancing, investor buyouts, grants, rebate programs, and other capital events. The position requires collaboration with internal and external partners, supervision of the Real Estate Transactions Team, and continuous improvement of processes and policies. The role is based in either the Foster City or East Bay office.

Requirements

Demonstrated leadership and management experience with proven results.
Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).
Ability to prepare financial feasibility analysis and strategic plans, conduct research, and prepare narrative reports and proposals.
Excellent reading, written, and verbal communication skills.
Ability to work in a fast-moving, flexible environment; maintain priorities; and manage complex projects.
Self-starter with minimal need for guidance from manager/supervisor.
Commitment to the Mission and Values of MidPen.
Must have reliable means of transportation to travel throughout MidPen’s geographic footprint, as needed.
Constantly perform desk-based computer tasks; frequently sit; occasionally stand/walk, reach/work above shoulders, perform light or fine manipulation, grasp forcefully, use a telephone, sort and file paperwork, and lift, carry, push, or pull objects weighing up to 15 pounds; rarely twist, bend, stoop, squat, kneel, or crawl.

Responsibilities

Hire, train, and supervise personnel to promote a positive work environment, ensure teamwork, and deliver on project assignments and goals.
Create and communicate expectations for staff and hold them accountable for results.
Leverage internal and external relationships to remove barriers for the team and ensure efficiency and success.
Support the team while providing autonomy and delegation for growth and empowerment.
Demonstrate leadership that enhances the experience of other MidPen staff.
Formulate short- and long-term strategic plans for the portfolio.
Lead the evaluation of potential projects and financing sources and present candidates for consideration.
Monitor Requests for Proposals (RFP’s) and Notices of Funds Available (NOFA’s) for available funds from public lenders for capital improvement projects, refinancing, loan modifications, HAP Contracts, energy grants, rebate programs, and other capital events.
Complete funding applications and evaluate the impact of proposed projects on cash flow, compliance, rents, and long-term capital needs.
Prepare materials for and present to Boards and Committees as necessary, obtaining required approvals.
Develop and maintain positive relationships with all internal and external parties and partners.
Coordinate with internal parties to secure required approvals from external stakeholders.
Manage and lead meetings with key partners to ensure adequate communication and feedback.
Ensure adequate communication with residents and on-site staff regarding projects affecting the community or staff.
Identify and/or execute loan modifications to improve property performance and/or cash flow.
Evaluate properties for refinancing and debt/regulatory restructuring.
Ensure the successful execution of financing and loan modification transactions on budget and according to schedules.
Maintain accurate project budgets, cost tracking, and project schedules for property rehabs.
Collaborate with internal staff and external experts to determine the best use of funds and formulate scope and budget.
Ensure capital projects adhere to MidPen building guidelines and participate in updating them.
Confirm all warranties and Operating & Maintenance (O&M) Manuals are collected and provided to staff.
Work with Construction Management/Facilities to ensure capital improvements are completed timely, within budget, and according to contracts.
Lead design, building permits, and other construction-related processes.
Negotiate with contractors and consultants for optimal pricing and service.
Ensure timely draws of loan and grant funds and pursue rebates.
Monitor options and right of first refusals and evaluate purchase prices for investor interest acquisition.
Coordinate with investors to execute interest acquisition, including meeting requirements and obtaining approvals.
Document transactions and coordinate with the Accounting department for proper booking and records.