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Affordable Housing Owner-Operator & Development
Asset Manager

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THE OPPORTUNITY
KM Partners is representing a leading Affordable Housing Developer and Owner-Operator dedicated to focused growth through innovative and impactful community-oriented projects, in their search for an Asset Manager with relevant industry experience in LIHTC. Our client’s mission-first authenticity, strong core values, beliefs, and guiding principles drive the company’s business strategy and steadfast commitment to tracking measurable qualitative impact before profit. Family-owned and operated with high-quality employee retention through a close-knit and supportive atmosphere offering excellent benefits, demonstrates/reveals their genuine dedication to the health and well-being of their employees. Through deliberately steady increases in their annual growth rate, our client is ensuring their commitment to high-quality standards for excellence as they pursue their 5-year strategic plan to double their resident impact.
  • Dedicated to increasing social equity and diversity and committed to pursuing a diverse workforce
  • Equitable, innovative, sustainable, and community-oriented development
  • Resident services focused on measurable outcomes and building community engagement
  • Long term financial strength through continuously increasing liquidity and financial capacity
  • Partnerships with organizations that are local and/or culturally specific and focused on the project's target community, so that the representation and capacity that gets built is direct and genuine.
THE ROLE
This is the opportunity for a top professional to take the lead in maximizing the performance of a portfolio of valuable community-based affordable housing assets with a focus on improving the quality of life for the disadvantaged residents they serve.
  • Maintaining a detailed working knowledge of each project within your portfolio.
  • Monitoring asset performance by collecting, reviewing, analyzing, and reporting on asset financials, including monthly financial reviews, monthly and quarterly portfolio reporting, internal cash flow modeling and forecasting, annual budgeting of revenue, and expenses and capital expenditures.
  • Overseeing and monitoring the achievement of benchmarks such as construction completion, qualified occupancy, stabilization, and permanent loan conversion of LIHTC projects.
  • Using your in-depth knowledge of property operations to guide property management in decision-making based on budgets, cash balances, development processes, and business plans.
  • Partnering closely with our resident services coordinator to ensure resident and community goals and objectives are met.
  • Supporting the Development process by guiding the underwriting process, ensuring a smooth transition from Development to Asset / Property Management, managing lease-ups, and providing underwriting guidance.
  • Ensuring compliance for your portfolio by tracking and overseeing management company filings including state, lender, and investor reporting, as well as tax exemptions by non-profit partners.
MINIMUM QUALIFICATIONS
  • Bachelor’s degree in real estate, finance, economics, or a related field, or equivalent experience.
  • Minimum 5 years of experience in real estate development.
  • Minimum 2 years of experience with LIHTC/ affordable housing.
  • Experience with Limited Partnership agreements, loan documents, regulatory agreements other legal documents relating to affordable real estate transactions.
  • A Master’s degree in real estate development is a plus.
OUR FIRM
KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.
If qualified, please contact:
Kelle Ketchum | Director
303.495.5624| kellek@kmcompanies.com

Job# 151