Asset Stabilization & Performance Manager

Cinnaire; Chicago (IL); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Medical benefits

403(b) Plan

Profit-sharing

Paid time off

Job summary

Cinnaire is seeking a Special Asset Manager to oversee a portfolio of real estate investments on the watchlist or in decline, focusing on preserving value, ensuring compliance with regulatory and partnership agreements, and implementing targeted strategies to improve performance.

This role requires strong analytical and communication skills, with experience in real estate finance and cross-functional coordination with investors, developers, and regulators.

Qualifications

• Bachelor’s degree required in a related field.
• Minimum of 2 years of experience in real estate development, finance, rent-restricted multifamily assets, property management, or related disciplines.
• Understanding of LIHTC regulations and affordable housing programs preferred.
• Strong analytical, organizational, and communication skills.

Responsibilities

• Ensure optimal performance and compliance of stabilized properties and equity investments, while proactively managing financial and operational risks.
• Assess underperforming assets, develop and implement recovery strategies, and guide decisions on watchlist status through performance analysis and site evaluations.
• Facilitate clear, consistent communication with internal and external stakeholders, deliver timely performance insights, and support data integrity for informed decision-making.
• Align funding strategies and resource deployment with asset stabilization goals through cross-functional collaboration and oversight of capital activity.
• Cultivate partnerships with investors, developers, agencies, and other key stakeholders to support asset performance and organizational objectives.
• Engage in industry learning and contribute to process improvement and organizational initiatives to advance departmental excellence.

Skills

Finance analysis

Stakeholder communication

Cross-functional collaboration

Asset management

LIHTC regulations knowledge

Education

Bachelor’s degree in real estate finance, economics, business, accounting, or related

Job description

Cinnaire is seeking a Special Asset Manager to oversee a portfolio of real estate investments on the watchlist or in decline, focusing on preserving value, ensuring compliance with regulatory and partnership agreements, and implementing targeted strategies to improve performance.

This role requires strong analytical and communication skills, with experience in real estate finance and cross-functional coordination with investors, developers, and regulators.