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Specialty Consultants Inc. · New York
SCI, the Leader in Real Estate Executive Search®, has been retained by a national affordable housing investor — over $3 billion in AUM across 45 states, providing long-term capital for the creation and preservation of affordable housing — to recruit an
Asset Manager .
Reporting to the SVP, Equity Asset Management, the Asset Manager will be the main point of contact for general partners and property managers on a portfolio of multifamily affordable equity investments and will be responsible for the portfolio’s performance. Our client invests for the long term, with a focus on stable communities and quality housing for residents. The role reports results directly to senior leadership and the Board.
What you’ll do
Manage a portfolio of multifamily affordable equity investments and serve as the main contact for general partners and property managers
Review monthly property financials against budget and business plan, update annual projections, and report on variances
Stay in regular contact with partners and property managers, make sure they comply with operating and management agreements, and escalate issues when needed
Track rehabs and capital expenditures against budgets, physical needs studies, and lender requirements, and review and approve bids
Catch underperforming properties early and put workout plans in place
Prepare DCF valuations and sensitivity analysis to support refinance and buy/sell/hold recommendations
Help partners with refinancings and sales, including BOV and appraisal review, market research, lender requests, and legal document review
Present portfolio performance to senior leadership and the Board of Directors at least quarterly
Visit assigned properties annually and handle special projects as needed
What you bring
Strong analytical skills; working knowledge of DCF and other real estate finance models
Bachelor’s degree required; business, economics, real estate, community development, or a related field preferred
Details
| Company | Specialty Consultants Inc. |
| Location | New York |
| Type | FULL TIME |
| Niche | Full-time |