Asset Manager, Real Estate Equity – Affordable Housing

Enterprise Community Partners; San Francisco (CA); On-site; USD 100,000 - 120,000; Full time

Job summary

Enterprise Community Partners is seeking an Asset Manager, Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial reviews, and workouts to ensure business plans are executed while protecting investor interests.

The role requires 5-7+ years of real estate/finance experience, a Bachelor’s degree, and strong analytical and communication skills.

Qualifications

• 5-7+ years' experience with real estate, housing programs, finance, accounting, and/or property management.
• Bachelor's degree required, preferably in real estate, finance, accounting or related field.
• Strong financial analysis skills are required.
• Familiarity with loan documents, partnership agreements, contracts and other legal documents is required.
• Knowledge of real estate and LIHTC are required.
• Strong computer skills are required; thorough knowledge of MS Word, MS Excel, and MS Outlook are preferred.
• Ability to travel as necessary to accomplish the goals for the position.

Responsibilities

• Manage real estate portfolio of approximately 15-20 properties for which Enterprise provides asset management for Real Estate Equity funds.
• Identify, communicate and work to mitigate risks/problems via reporting tools and information gained through communications with General Partners/Sponsors, property managers, and via on-site visits.
• Review, analyze and evaluate monthly property performance as compared to proforma and budget, and provide regular feedback and recommendations to General Partners/Sponsors and investors and internally to Real Estate Equity team.
• Work with General Partners/Sponsors, funders and regulatory agencies to execute underwritten business plans and modify plans as necessary.
• Negotiate problem resolution/workout strategies with general partners, lenders and public-sector entities.
• Conduct project site visits, review property management systems, and provide technical assistance as necessary.
• Evaluate past and forecast future property performance, and performance of Sponsors and management agents.
• Author disposition memos and refinance analyses in collaboration with Vice President Asset Management for approvals.
• Support portfolio implementation of Enterprise's strategic plan, ESG priorities and fund/investment-specific business plans.

Skills

Financial analysis

Negotiation skills

Interpersonal skills

Communication skills

Independent worker

Problem solving

Education

Bachelor's degree

Tools

MS Word

MS Excel

MS Outlook

Job description

Enterprise Community Partners is seeking an Asset Manager, Real Estate Equity to oversee a portfolio of restricted affordable housing and workforce housing investments. You will conduct site visits, financial reviews, and workouts to ensure business plans are executed while protecting investor interests.

The role requires 5-7+ years of real estate/finance experience, a Bachelor’s degree, and strong analytical and communication skills.