Vice President Asset Management

KM Partners | Affordable Housing Solutions; Atlanta (GA); On-site; USD 120,000 - 180,000; Full time

Job summary

KM Partners in Atlanta partners with multifamily developers to optimize asset performance across LIHTC and market-rate portfolios. We are seeking a Head of Asset Management & Lease-Ups to lead pre-stabilization strategies from allocation through occupancy and conversion to permanent debt.

The role requires executive leadership, deep financial acumen, and expertise in leasing, marketing, and investor relations.

Qualifications

• Experience managing lease-up for LIHTC or affordable housing projects.
• Strong financial acumen and budgeting experience.
• Leadership of asset management teams and external partners.

Responsibilities

• Own the leasing and marketing strategy driving lease-up from first traffic to full occupancy.
• Direct marketing spend, set rents and concessions to protect long-term asset value.
• Ensure compliance and LIHTC milestones from award to stabilization.
• Maintain rent roll accuracy, monthly variance, and budgeting for the lease-up.
• Lead conversion and capital events, coordinating financing to permanent capital.
• Manage third-party managers to defined performance standards.
• Deliver stakeholder reporting to investors and lenders while guiding the asset management team.

Skills

Leasing strategy

Marketing leadership

Finance & modeling

Investor relations

Team leadership

Education

Bachelor's degree in Finance/Real Estate/Urban Planning

Tools

LIHTC knowledge

Budgeting

Forecasting

Job description

Our Client is a people-first multifamily developer building conventional, workforce, and affordable housing, known for its collaborative, multi-disciplinary approach and deep partnerships with local governments and community leaders — offering the chance to make a lasting impact from concept through completion. With deep expertise in the LIHTC space and leadership that has navigated numerous market cycles, our Client is extremely well positioned for continued growth, with 10% portfolio expansion year over year. Since their inception 18 years ago, they have invested in over 50 communities and secured $1B+ in project financing.

With a strong focus on growth markets across the Southeast, we are looking to bring on a Head of Asset Management & Lease-Ups. This is a newly created seat at the table — a direct reflection of sustained momentum: consistent organic growth, expansion into new markets, and sustained revenue increases.

Reporting to the C-Suite, this person will own the full pre-stabilization lifecycle for new LIHTC construction deals, from allocation award through 100% qualified occupancy, stabilization, and conversion to permanent debt.

This is an opportunity for someone who has spent years mastering the craft of operations and is ready to lead strategy, combining financial acumen, investor relations, and marketing and leasing execution.

Scope of Responsibility

• Own the leasing and marketing strategy driving the lease-up from first traffic to full occupancy.
• Own the weekly funnel and move-in pace, directing marketing spend and strategy, and setting rents and concessions that protect the asset's long-term value.
• Ensure compliance, safeguarding the deal's tax credits from award through stabilization, owning every LIHTC, bond, and agency compliance milestone, from set-aside elections to file-level accuracy, so credit delivery is never at risk
• Serve as the financial backbone of every lease-up, ensuring rent roll and ledger accuracy, driving monthly variance and reforecasting, and keeping the lease-up budget and carry runway on track.
• Lead conversion and capital events, building the conversion roadmap, modeling key financial tests in advance, and coordinating the final steps that turn construction financing into permanent capital.
• Manage third-party managers to a clear standard of performance, turning plans into action with named owners and deadlines, and stepping in early with the right support when a lease-up needs it.
• Own stakeholder reporting and team leadership, delivering sharp, regular reporting to investors and lenders while building and leading the asset management team behind the pipeline.

Our Firm

KM Partners is a leading National Executive Search, Professional Recruitment, and Advisory Firm with deep expertise in Housing & Commercial Real Estate, complemented by relevant specializations across Impact Investment platforms and Infrastructure. We partner with clients to place industry-specific professionals across all levels — from C-suite executives to middle management and experienced associates — throughout the United States.

We are not generalists. We operate with true sector expertise, understanding the distinction between capital allocation and operational execution and recruiting leadership accordingly. KM Partners has built an unrivaled track record for connecting high-performing professionals with some of the most reputable, top-ranked organizations in the real estate industry.