Transitions Manager, Affordable & Mixed-Use Real Estate

Recruitment Team•New York, NY

43d

About The Position

At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed. Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/

Requirements

A High School diploma is required, and a Bachelor’s degree is preferred.
3+ years of experience with NYC real estate development, affordable housing, and/or mixed-use property operations.
Working knowledge of NYC agencies and compliance frameworks (HPD, HDC, HUD, DHCR, DOB, FDNY, LIHTC, Fair Housing, Rent Stabilization).
Experience coordinating lease-ups for affordable housing.
Software experience with administrative platforms such as MS Office Suite (SharePoint and Teams especially), Zoom, DocuSign, etc., and property management platforms such as Yardi, AvidXchange, SiteCompli, HappyCo, etc. A desire to learn new software and engage with AI is a must.
Familiarity with commercial component transitions (retail, community facility, supportive services).
Exceptional cross-department project management skills and ability to navigate complex regulatory environments.
Strong communication, documentation management, and problem-solving abilities.
Comfortable answering stakeholders, handling short-notice requests, and holding cross-department leads accountable.

Responsibilities

Manage the transition in and out of our portfolio that is mostly NYC development and acquisition projects—including affordable housing, mixed-use complexes, and commercial components—into fully operational property management.
Maintain and develop standardized transition in/out workflows that engage internal department leads across Development, Construction, Property Management, Asset Management, Compliance, Leasing, Accounting, etc., but also external partners like previous owners/property managers, state agencies, and vendors (i.e., banks, utility providers, etc.).
Partner with our affordable & market rate housing lease-up teams to ensure readiness, complete documentation, file preparation, marketing compliance, etc. when transitioning a property into property management.
Partner with Legal and Compliance to ensure proper regulatory filings, restrictive declaration compliance, and submission of required operational plans.
Partner with internal teams to meet NYC regulatory agreements, including HPD/HDC, DOB, FDNY, DEP, DOF, Fair Housing, and Local Law compliance.
Coordinate agency sign-offs, reimbursements, Certificate of Occupancy processes, and transition of compliance documentation to property management and asset management teams.
Partner with Accounting: transfer utility accounts, partner with banking managers to setup accounts (i.e., Yardi & ClickPay), provide tenant information such as rent rolls, lease charges or security deposit activity, etc.
Own Property Management’s Portfolio Inventory that registers new and disposed properties, their unit count mix (i.e., LIHTC ,<80% AMI, etc.), and more.
Coordinate development led transition meetings and lead property management transition meetings to ultimately transfer necessary data and documentation to cross-department functions.
Collaborate with resident services partners, community-based organizations, and supportive service providers for stabilized affordable housing operations.
Report regularly to leadership on transition progress, risk items, and operational impacts.
Design custom reporting and/or tracking as needed per management agreements, agency questionnaires, etc.