Regional Vice President of Asset Management

Vantage Oleochemicals, Inc; United States; Remote; USD 190,000 - 220,000; Full time

Job summary

An established industry player in affordable housing is seeking a Regional Vice President of Asset Management. This pivotal role involves strategic leadership, financial oversight, and portfolio management to enhance the performance and value of a diverse range of properties. The ideal candidate will possess a strong background in real estate, particularly in multifamily asset management, and will be committed to the mission of providing high-quality housing. Join a forward-thinking company dedicated to making a positive impact in the communities it serves, while enjoying a collaborative work environment that values excellence and accountability.

Benefits

Health Insurance

Retirement Savings Plan

Paid Holidays

Paid Time Off (PTO)

Discretionary Bonus

Qualifications

• 7+ years of real estate experience with a focus on multifamily asset management.
• Strong financial acumen and proficiency in Microsoft Excel.

Responsibilities

• Develop and implement asset management strategies aligned with company goals.
• Monitor financial performance and identify revenue enhancement opportunities.
• Oversee a diverse portfolio of affordable housing properties.

Skills

Real Estate Management

Financial Analysis

Leadership

Communication Skills

Microsoft Excel

Education

Bachelor’s Degree in Real Estate or Finance

Job description

Regional Vice President of Asset Management page is loaded

Regional Vice President of Asset Management

Apply remote type Remote locations Remote - USA time type Full time posted on Posted Yesterday job requisition id JR101081

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

We are seeking a Vice President – Regional Asset Management based in Los Angeles to join the company. While April Housing is Los Angeles-based, our Regional Asset Management offices are geographically diverse, aligning with our national portfolio. Working in partnership with Blackstone and April Housing leadership, the VP - Regional Asset Manager will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.

What you will do:

• Strategic Leadership:

  • Develop and implement asset management strategies aligned with the company’s mission and goals.

  • Provide leadership and direction to property management teams, ensuring alignment with organizational objectives.

• Financial Oversight:

  • Monitor and analyze financial performance of properties, including budgets, forecasts, and financial reports.

  • Identify opportunities for revenue enhancement and cost reduction to maximize asset value.

  • Review monthly and year to date property and portfolio operating performance.

  • Recommend methods to strategically improve portfolio performance to improve cash flow and increase value.

  • Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating performance.

• Portfolio Management:

  • Oversee a diverse portfolio of affordable housing properties, ensuring optimal occupancy levels and tenant satisfaction.

  • Conduct regular property inspections and performance evaluations to assess operational efficiency.

  • Schedule and evaluate periodic compliance reviews.

  • Physically inspect each property within their portfolio with regular cadence.

  • Prepare periodic property management company reviews based on asset performance and in-person talent evaluations.

• Compliance and Risk Management:

  • Ensure compliance with federal, state, and local regulations, as well as company policies and procedures.

  • Implement risk management strategies to mitigate potential liabilities.

  • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio.

• Stakeholder Engagement:

  • Build and maintain strong relationships with key stakeholders, including Blackstone, investors, government agencies, and community organizations.

  • Represent the company at industry events and forums to promote its mission and objectives.

  • Maintain effective lines of communication with all partners, management companies, and internal departments.

• Team Development:

  • Mentor and develop property management teams, fostering a culture of excellence and accountability.

  • Conduct performance evaluations and provide ongoing training and support.

  • Coach, mentor, train, and manage a team of AVPs, AMs, and analysts.

• Reporting and Analysis:

  • Prepare and present regular reports on portfolio performance to senior management and the board of directors.

  • Utilize data analytics to drive decision-making and improve operational performance.

What you should have:

• Bachelor’s Degree – preferably in Real Estate or Finance.

• 7+ years of real estate experience, with a preference for multifamily asset or portfolio management.

• Experience in Section 42 housing preferred.

• Microsoft Excel proficiency required.

• Financial acumen.

• Strong communication skills.

• Leadership ability.

• Personal commitment to making a positive difference in affordable housing.

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [e-mail].

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.

Base Compensation Range: $190,000.00 To $220,000.00. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.

Please review the job applicant privacy notice here.

About Us

April Housing, a Blackstone Real Estate portfolio company, is a leading provider of solutions and capital for the preservation and creation of high-quality affordable housing in the United States. April Housing prioritizes improving communities and supporting residents while expanding the available supply of affordable housing. The company is headquartered in Los Angeles and oversees more than 80,000 affordable housing units, one of the nation’s largest LIHTC portfolios.