Position Overview:

The Asset Manager (AM) oversees a portfolio of affordable housing properties, acting in the capacity of a relationship manager, decision maker and problem solver. The AM reports to the Director of Asset Management and works closely with other departments within the company.  He or she will conduct review and financial analysis; schedule and execute site visits and work closely with respective partners and property managers to ensure long-term viability of the asset.  The AM will work to enhance CPP’s relations with vendors, partners and investors.  The AM will also be responsible for asset management concerns from development through the sale or disposition of the asset, to ensure the delivery of appropriate tax credits, increase cash flow while also preserving the asset.

Position Responsibilities:

• Oversee a portfolio of approximately 35 assets, including Tax credit, HUD, Bond, Home and Rural Development properties.
• Work closely with staff to analyze and report on financial performance; monitor budgets (comparing to actuals) and reviewing occupancy levels (rent rolls) as necessary, or in the case of concern properties, on a monthly basis, according to specified benchmarks. Monitor overall operational performance.
• Review and approve annual budgets for reasonableness upon submission by the management companies.
• Review and approve Reserve withdrawals and track the balances in the Reserve accounts.
• Evaluate the management companies’ performance on a quarterly, annual or as needed basis.
• Develop an “Action Plan” in conjunction with the other key partners or property management for concern properties, monitoring effectiveness of the “Action Plan” on a monthly or more frequent basis.
• Conduct all the required site visits.  Concern properties must be visited more regularly.
• Review partnership agreements, regulatory agreements, financing documents and other sources to determine financing structures and constraints, as needed.
• Ascertain and work to resolve problems through collaboration with partners, property managers, lenders, and governmental/regulatory entities.
• Analyze monthly, quarterly and year-end financial statements, as needed.
• Review year-end financial audits.
• Conduct annual calculation and collection of the Return-to-Owner (RTO).
• Complete “Special Projects” assignments that are communicated to the AM by the Department.
• Participate in portfolio review discussion within the department, stakeholders or management company.

Qualifications:

• in multi-family housing in a financial analyst , regional manager or as an asset manager..
• Candidate must have strong financial analytics skills.
• Must have a general understanding of Low-Income Housing Tax Credit (LIHTC) and HUD experience. Rural Development experience preferred, but not required.
• Knowledge of multi-family real estate operations.
• Must have strong computer skills and thorough knowledge of Outlook, MS Word, MS Access and Excel.
• Must have excellent communication and organizational skills for communication with partners, property management companies and other team members.
• Must have the ability to multi-task and work in a fast pace environment.

• Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Work closely with third party property managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
• Negotiate third party contracts.
• Manage cash flow, distribution analysis and investment projections, if applicable.

Education:

• Bachelor’s Degree in Real Estate, Finance, Accounting, or related subject.
• Or, comparable experience as an asset manager.

Position Overview:

The Construction Asset Manager (CAM) will be primarily responsible for planning and executing apartment capital projects and renovations throughout the United States working closely with Project Management and Asset Management.  Duties will include but not limited to evaluating physical asset conditions, assessment of rehabilitation scopes, develop and overseeing execution of capital expenditures, renovation plans, provide direction to 3rd party management companies, general contractors/vendors ensuring the success of the capital projects, assisting with the review of annual budgets and quarterly financials (related to expense  and capital plans), and additional ad hoc investment analysis and construction asset management  as needed.

The ideal candidate will have a broad knowledge of apartment construction and operations/maintenance standards, along with an understanding of HUD REAC and Physical Uniform Condition Standards.

Position Responsibilities:

• Apply a practical knowledge of construction techniques and specifications to the analysis of existing housing or housing proposed for rehabilitation.
• Prepare, track and report annual capital budgets for a stabilized portfolio of apartment communities to be implemented by the management companies.
• Perform MOCK-REAC inspections at apartment communities to ensure that communities are ready for imminent inspections. Review the findings and supervise the completion of any associated corrective work.
• Prepare and maintain capital specifications standards for a broad range of apartment communities.
• Supervise the CapEx improvement, including collecting, reviewing vendor proposals and contracts, change orders, workmanship quality control and final acceptance of completed work.
• Complete “Special Projects” assignments that are communicated to the CAM by other team leaders
• Participate in portfolio review discussion within the department, stakeholders or management company.

Qualifications:

• Strong team player that can work collaboratively in a fast pace team with a roll up your sleeves and pitch in where needed attitude.
• Highly accountable, able to take ownership, meet deadlines and have strong follow up skills.
• Self-starter, detailed and independent thinker.
• Able to manage up and provide senior management with quantitative progress reports.
• Strong Microsoft Office knowledge and experience.
• Outstanding written and oral communications skills.

Education:

• Bachelor’s Degree preferred, emphasis on engineering, architecture or construction management. At least 5 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.

Position Overview:

Primary job responsibilities will be to coordinate, implement, and manage activities related to affordable housing development throughout the United States.

Candidates for the Project Manager position should have a minimum of a bachelor’s degree and five years on the job experience in real estate development with an emphasis in multi-family housing and/or affordable housing project management; or a Master’s degree in real estate, city and regional planning, business, finance, public policy, architecture or a related field and two years’ experience in affordable housing.  Experience with project management in low-income tax credit housing is a plus.

Candidates should be skilled with the MS Office suite, and recognize that detail oriented tasks are critical to a business’ long-term success.   The position may include additional Project Management responsibilities, as listed below.

Knowledge, Skills and Abilities:

• Research and develop financing sources, prepare financing applications and meet other lender requirements.
• Assist in the preparation and updates of project proformas.
• Complete project funding applications to local, state, and federal agencies and ultimately close the financing with all such agencies.
• Manage and work with the construction team to ensure a financially feasible and operationally viable development in a timely and cost efficient manner.
• Monitor and prepare project budgets, cash flow projections, and project schedules.
• Monitor contract compliance, project budgets, and flow of funds throughout the development
• Perform site inspections.
• Recommend decisions regarding and process change order requests.
• Coordinate with accounting on Tax Returns and Audits.
• Promote the highest quality development that reinforces CPP’s commitment to long term viability.
• Initiate and maintain ongoing interaction with Asset Management Department to ensure long term quality.
• Initiate and maintain ongoing cordial professional relationships with outside entities and various stakeholders.
• Strategize and coordinate with other departments to make sure that programmatic issues with respect to the development and operations are adequately addressed.

Education and Experience:

• Experience with low income housing tax credits is a plus.
• High degree of independence, motivation, and accountability.
• Exposure to private and public debt financing and equity typical for affordable housing development.
• Able to work with time sensitive material and meet multiple deadlines.

• Exceptional organizational, analytical, and written and verbal communication skills, and a high capacity to multi-task are prerequisites.
• Excellent interpersonal skills is a must.
• Ability to work with a team.

Position Overview:

Community Preservation Partners, LLC, a rapidly growing private developer of diverse real estate projects, is seeking individuals to fill the position of Project Manager in Reston, Va. Primary job responsibilities will be to coordinate, implement, and manage activities related to affordable housing development on the East Coast.

Candidates for this position should have a minimum of a bachelor’s degree and one years on the job experience requiring project organization, communication and reporting, research, analysis and interpretation of data. Experience with project management in real estate development and low-income tax credit housing is a plus but is not a requirement.

All candidates should be skilled with the MS Office suite and recognize that detail-oriented tasks are critical to a business’ long-term success.

Team members that will be successful will possess the following:

• Possesses high energy and have an insatiable appetite to learn.
• Be performance and goal oriented, able to multitask and enjoy complex puzzles.
• Enjoys meeting new people and collaborating on complex projects.
• Value a high degree of independence and accountability.
• Find travel exciting and will work well under pressure.
• Possesses exceptional organizational, analytical, and written and verbal communication skills.
• Process proficiency with excel and project management software.

Team members will be responsible for:

• Collaborating on the Initial financial review and analysis of properties being considered for development.
• Updating financial projections in the financial model as the development life cycle matures.
• Working with time sensitive material and meeting multiple deadlines for simultaneous projects including applications for tax credits and bonds, closing and due diligence activities, due diligence coordination, and closeout/ 8609 documentation.
• Assisting with preparation of funding applications to local, state, and federal agencies for project financing.
• Assisting with preparation of committee financial models and write ups for project financing.
• Organizing and facilitating the distribution of due diligence documentation to lenders, investors and partners.
• Communicating and work with the construction team preparing construction draw documentation and monitoring the construction schedule.
• Communicating with the design and development team to track deliverables time frames and ensure timelines are kept.
• Coordinating and facilitating company and project marketing efforts including resident testimonials and grand openings.
• Updating project notes and schedules on department systems and tracking sheets.
• Researching and compiling program information and be able to organize it in effectively for senior management.

Benefits and Compensation:

Vacation, illness, holidays, medical, dental, vision, 401(k).

To Apply:

Please send your cover letter and resume to: Seth Gellis at Sgellis@cpp-housing.com