What are the responsibilities and job description for the Vice President, Portfolio & Asset Manager | Affordable Housing & LIHTC position at KM Partners | Affordable Housing Solutions?
Our Client
- Active, multidisciplinary, highly reputable multifamily affordable housing Developer & Owner
- A top awarded LIHTC Developer in multiple states in the Southeastern U.S.
- Very well-respected organization with a strong pipeline and appetite for growth
- Established reputation for exceeding expectations for their business partners and their residents
- Innovative, high-profile developments and an unwavering commitment to develop high-quality communities
- Their affordable/LIHTC developments often feature high-quality design, sustainable materials, and amenities comparable to market-rate properties
- Known for successful projects in urban infill and transit-oriented development areas
- Their team encompasses diverse backgrounds in urban development, city government, and community outreach and they have created and maintained valuable alliances with local governments, communities, and industry partners, which enhance every project they complete
- Earned 20 Tax Credit awards over a 4-year period
- Focused in the Southeastern U.S.
One of their Development team members shared, “I love working here. I would love to be here forever. If I could stay here forever, I’d be more than happy to. I love the company and the people. It’s a fun place to work! Most people come into the office at least four days a week just because they want to – because of our culture and fun work environment and the comradery.”
The Opportunity – Portfolio Manager
- Report directly to the Chief Investment Officer
- Oversee a LIHTC portfolio of ~50 properties and ~5,000 units (including affordable, workforce and market-rate merchant build)
- Ensure Property Management team is hitting occupancy, keeping up with collections and rent increases, and meeting/exceeding financial goals
- Ensure Property Management team is executing the asset plans appropriately and accurately
- Coordinate the lease-up process (unit acceptance, inspections, startup timing, to conversion)
- Identify efficiencies in the portfolio
- Regularly review financials for the properties in the portfolio
- Represent ownership with Property Management
- Conduct annual site visits
- Coordinate monthly reporting to partners and lenders
- Abundant learning and growth opportunities
Additional responsibilities may include:
- Oversee annual asset plans, cash distributions, and conversions
- Participate in transactions (LP exits, dispositions, acquisitions)
- Oversee quarterly REO schedule
- Responsible for monthly financial reporting to ownership
- Approve capex expenses that are unbudgeted or over a threshold
- Conduct annual site visits
- Review annual audits and tax returns
Our Firm – KM Partners
KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.