Asset Manager, Real Estate Equity

This is a fully remote position, open to applicants in California, +7 more states.

📋 Description

• Oversee a real estate portfolio consisting of roughly 15–20 properties for Real Estate Equity funds.

• Identify, communicate, and address risks and issues utilizing reporting tools, partner communications, and on-site assessments.

• Analyze and evaluate monthly property performance against pro forma and budget, offering recommendations to partners, investors, and the Real Estate Equity team.

• Collaborate with General Partners/Sponsors, funders, and regulatory bodies to implement and adjust underwritten business plans.

• Negotiate strategies for problem resolution and workouts with general partners, lenders, and public-sector organizations.

• Conduct site visits, review property and organizational systems, and deliver technical support as needed.

• Assess historical and projected property performance as well as sponsor and management-agent effectiveness.

• Prepare disposition memos and refinance analyses in partnership with the Vice President of Asset Management.

• Contribute to the execution of Enterprise’s strategic plan, ESG priorities, and investment-specific business objectives.

• Monitor rent and household income affordability, climate-risk mitigation, utility performance, social service initiatives, health action plans, renter wealth creation, and resident credit reporting.

• Create communication strategies in collaboration with Housing Credit Regional Asset Management teams.

• Provide project performance reports during monthly and quarterly cycles and fulfill internal and external reporting requirements.

• Participate in Real Estate Equity team update meetings and offer guidance on underwriting and asset management matters.

• Engage with the internal Investment Committee and external Advisory Committee, assisting with meeting materials.

• Deliver portfolio updates at annual investor meetings.

• Monitor insurance renewals, real estate tax payments and appeals, and market conditions.

• Ensure reports are completed accurately and submitted on time.

• Supply Enterprise staff with precise and prompt information.

⛳️ Requirements

• 5-7+ years of experience in real estate, housing programs, finance, accounting, law, and/or property management.

• Bachelor’s degree required, preferably in real estate, finance, accounting, or a related field.

• Strong financial analysis capabilities.

• Familiarity with loan documentation, partnership agreements, contracts, and other legal documents.

• Knowledge of real estate and Low-Income Housing Tax Credit (LIHTC).

• Proficient computer skills.

• Comprehensive knowledge of MS Word, MS Excel, and MS Outlook preferred.

• Ability to adapt swiftly to shifting priorities and circumstances.

• Willingness to work evenings and weekends during peak times.

• Excellent organizational skills with the ability to coordinate complex activities, prioritize competing demands, and meet deadlines.

• Highly motivated individual.

• Capable of working independently with minimal supervision.

• Strong interpersonal skills to engage effectively with a diverse range of professional and non-professional personnel.

• Exceptional problem-solving and negotiation abilities.

• Strong written and verbal communication skills.

• Willingness to travel as necessary to achieve the objectives of the position.

• Strong ethical standards in interpersonal relationships and the ability to function as an effective, collaborative team member.

• Ability to perform under stress and pressure.

• Willingness to travel by air up to 25% of the time.

• Capacity to climb stairs at project sites when required.

• Valid driver’s license is mandatory.

🏝️ Benefits

• Annual performance bonuses.

• Generous paid leave programs.

• Comprehensive dental, health, and vision care plans.

• Support for adoption and surrogacy.

• Flexible work arrangements.

• Health advocacy services.

• Employee Assistance Program (EAP).

• Mental health benefits.

• Financial education resources.

• Wellness programs.

• Automatic enrollment in the company’s 401(k) plan with employer matching contributions.

• Opportunities for learning and development.

• Tuition reimbursement for job-related courses and certifications.