Location: Irvine, California (Hybrid)

Employment Type: Full-Time

Minimum Experience: Experienced

Compensation: $90,000 - $125,000
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Overview:

The Asset Manager II (AM II) oversees a portfolio of high-risk and workout affordable housing properties, serving as a relationship manager, decision maker, and problem solver. The AM II reports directly to the Vice President of Asset Management and collaborates closely with other internal departments.

In this role, the AM II is responsible for developing and implementing comprehensive workout plans through resolution, ensuring strategies are designed to preserve value and restore financial and operational stability. The AM II will prepare and present these plans in committee meetings, providing analysis, recommendations, and progress updates to leadership.

Key responsibilities include conducting detailed reviews and financial analyses, scheduling and executing site visits, and working closely with joint venture partners, lenders, and property managers to drive performance and long-term viability of the assets. The AM II will also focus on enhancing CPP’s relationships with vendors, partners, and investors, while managing asset-level concerns from development through sale or disposition.

The AM II plays a critical role in ensuring the delivery of appropriate tax credits, optimizing cash flow, and safeguarding the integrity and value of CPP’s portfolio.
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Position Responsibilities:

• Manage a portfolio of approximately 15 assets, including Tax Credit, HUD, Bond, HOME, and Rural Development properties, serving as the primary point of contact for the assigned management companies.
• Oversee financial and operational performance by monitoring budgets vs. actuals, occupancy levels, rent rolls, and monthly/quarterly/annual financial statements; review and approve annual budgets, reserve withdrawals, and year-end audits.
• Develop and implement Action Plans for high-risk properties in collaboration with partners and property management, tracking effectiveness on an ongoing basis.
• Conduct required site visits, with greater frequency for high-risk properties, and provide follow-up reporting to ensure compliance and progress.
• Evaluate management company performance and provide feedback on a quarterly, annual, or as-needed basis.
• Review governing agreements, financing documents, and regulatory requirements to assess structures, obligations, and constraints.
• Identify and resolve issues by collaborating with partners, property managers, lenders, and governmental/regulatory entities.
• Calculate and collect the annual Return-to-Owner (RTO).
• Participate in portfolio review discussions with internal teams, stakeholders, and management companies.
• Complete special projects and assignments as directed by the department.
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Qualifications:

• Minimum of five years’ experience in multi-family housing, with direct asset management responsibility.
• Strong financial and analytical skills, with the ability to evaluate property performance, cash flow, distributions, and investment projections.
• Working knowledge of Low-Income Housing Tax Credit (LIHTC) and HUD programs; Rural Development experience preferred but not required.
• Solid understanding of multi-family real estate operations, including budgeting, forecasting, and leasing practices.
• Proficiency in Microsoft Office applications (Outlook, Word, Access, and Excel) with the ability to prepare detailed financial reports and analyses.
• Excellent communication, organizational, and interpersonal skills for collaboration with partners, property management companies, and internal teams.
• Ability to manage multiple priorities in a fast-paced environment.
• Partner with third-party property managers to direct and oversee business plans, budgets, forecasts, and approvals, ensuring alignment with ownership goals.
• Negotiate third-party contracts and monitor execution.
• Maximize total return for each asset by analyzing efficiencies and identifying opportunities for improved performance.
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Education:

• Bachelor’s degree in Real Estate, Finance, Accounting, or related subject.
• Or, comparable experience as an Asset Manager.

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.
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Benefits & Opportunities:

• WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
• WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate's work experience and other job-related factors will also be considered.
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To apply, please visit this link: https://wncinc.bamboohr.com/careers/91

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Location: Irvine, California (Hybrid)

Employment Type: Full-Time

Minimum Experience: Entry-level

Compensation: $80,000 - $90,000

Overview: 
‍Community Preservation Partners (CPP) is seeking a highly motivated Junior Construction & Capital Planning Associate to join our growing team. This mid-level role plays a vital part in preserving and enhancing the physical integrity of our affordable housing communities. The primary responsibility will be to conduct in-depth site walks of multifamily properties across the country, assessing building and unit conditions, identifying capital needs, and evaluating how well the property management company is maintaining the asset.

This individual will also monitor resident satisfaction, observe site presentation and curb appeal, and track local market conditions and competitors. The findings will contribute to the development of 5-year capital planning forecasts and ongoing property performance reviews. This position requires significant nationwide travel and reports to the Irvine, California office when not in the field.
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Main Position Responsibilities:

• Conduct comprehensive physical inspections of buildings, common areas, and unit interiors to assess current conditions
• Identify deferred maintenance and forecast capital needs over a five-year horizon
• Prepare detailed capital planning reports with recommendations for budgeting and strategic planning
• Evaluate the quality of maintenance performed by third-party property management teams
• Observe site cleanliness, landscaping, amenities, and overall curb appeal
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Secondary Position Responsibilities: (To be used during slow times in construction schedule)

• Engage with residents when possible to gauge satisfaction and identify concerns
• Monitor local competitor properties and report on market trends
• Coordinate findings with internal asset management, construction, and development teams
• Submit timely, well-documented inspection reports and recommendations
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Qualifications:

• Minimum 3 years of experience in multifamily housing, construction, maintenance, or property inspections
• Familiarity with capital planning and building systems including roofing, HVAC, plumbing, electrical, and exterior site conditions
• Excellent observation, reporting, and communication skills
• Professional demeanor and ability to interact effectively with on-site staff and residents
• Willingness and ability to travel up to 80% of the time nationwide
• Proficiency in Microsoft Office and mobile inspection/reporting tools
• Working knowledge of HUD, LIHTC, or other affordable housing regulations preferred
  
  

Education and Experience:

• Bachelor’s degree in a related field is a plus but not required, emphasis on engineering, architecture, or construction management.
• At least 3 years of experience in real estate, focused on construction, architecture, renovations, engineering, asset management or related discipline.
• Hands on construction preferred or comparable experience as an Asset Manager.
  

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.
‍

Benefits & Opportunities:

• WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
• WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate's work experience and other job-related factors will also be considered.

To apply, please visit this link: https://wncinc.bamboohr.com/careers/93

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