Job Description

Are you a strategic thinker with a passion for real estate performance and value creation? We’re looking for an experienced Asset Manager to take the lead in driving the financial and operational success of a diverse portfolio that includes residential communities and commercial retail assets.

This isn’t just about spreadsheets — it’s about shaping the future of affordable and market-rate housing, including project-based Section 8, LIHTC, Rent Control, NOAH , and market-rate properties , while also maximizing returns on commercial retail holdings . You’ll serve as a critical link between ownership, property management teams, and key stakeholders, ensuring that every asset is aligned with our vision and performing at its peak.

Financial & Performance Oversight:

• Provide guidance and oversight on annual property budgets to internal property management team.
• Analyze financial statements, budget variances, and operational reports to provide concrete feedback to drive NOI growth.
• Collaborate with property management to identify revenue-enhancing and cost-saving opportunities.
• Develop and implement asset-level business plans, including repositioning, capital improvements, and refinancing strategies.
• Monitor market conditions and assess competitive positioning of each asset.

Collaboration & Stakeholder Management:

• Act as a bridge between ownership, property management, and other internal departments (development, finance, compliance).
• Partner with Regional Property Managers to ensure properties meet performance benchmarks.
• Work closely with accounting to ensure accurate financial reporting and forecasting.
• Hold property management team accountable for performance on behalf of owners.

Capital Planning & Execution:

• Develop and oversee capital improvement plans, ensuring alignment with long-term asset strategy.
• Track project timelines, budgets, and outcomes in coordination with property management and facilities teams.
• Evaluate and recommend capital investment strategies based on asset lifecycle needs.
• Manage 5-year capital planning, including tracking major projects, budget adherence, and project completion in collaboration with internal stakeholders.

Risk Management & Compliance:

• Ensure regulatory and lender compliance for each asset.
• Identify and mitigate potential risks that could impact asset value or performance.
• Oversee lease administration and ensure compliance with financing and investor requirements.
• Provide support with the property, liability and other insurance annual renewals.
• Manage and report on status of property insurance claim process with lenders while coordinating with other internal team members.

Reporting & Strategic Recommendations:

• Provide ownership and executives with periodic updates on asset performance and strategic recommendations.
• Prepare presentations and reports, including mid-year and year-end reports, for internal and external stakeholders.
• Utilize data and analytics to drive informed decision-making.
• Participate in portfolio analysis and strategic repositioning, working with brokers and market experts to recommend changes to the portfolio of assets.

Energy Management, Solar, and Building Energy Performance Standards (BEPS):

• Manage bulk energy purchasing contracts.
• Oversee production and submittal of annual benchmarking and third-party verification submissions.
• Coordinate with outside consultants and government agencies on funding opportunities for BEPS compliance.
• Manage SREC sales brokers.

Water Management:

• Oversee water consumption analysis and manage communications with DC Water Large Meter team.
• Ensure timely replacement of faulty meters and rectify estimated billing discrepancies.
• Evaluate strategies and technologies to identify water leaks at each property.
• Coordinate site team efforts to address high consumption units and repair leaks.

Minimum Qualifications and Requirements:

• Experience: 7+ years in asset management, real estate finance, or property operations.
• Education: Bachelor's degree in business, finance, real estate, or a related field (MBA or relevant certifications preferred).
• Skills: Strong financial acumen, analytical mindset, oral and written communication, and ability to influence and drive results.
• Software: Proficiency in financial modeling, Yardi, Excel, and data visualization tools.
• Problem-Solving: Independent thinker with a curiosity, inquisitive nature, and sincere desire to stay abreast of new technologies and programs that drive efficiencies.

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