Asset Manager

Company Overview:

Community Development Partners (“CDP”) is a mission-based affordable housing development company, headquartered in Newport Beach, CA with an office in Portland, OR. CDP achieves this mission by not only providing affordable housing, but by ensuring a high quality of living for all of its residents through robust resident services, meticulously maintained communities and artistic vision.  CDP owns a portfolio of 24 apartment communities located throughout California, Oregon, Arizona and Nevada.  The company is poised for growth with an increasingly robust development pipeline.

Job Description:

Community Development Partners is seeking to hire an Asset Manager to help take on a growing portfolio of affordable housing communities. The Asset Manager will be responsible for the overall performance of their portfolio, while supporting CDP’s mission-based goals. Specifically, the position will also entail:

• Comprehensive understanding of financial statements, including: Operating Statement, Rent Roll, Balance Sheet and Aged Receivables
  • Monthly financial reviews
  • Internal cash flow modeling and forecasting
  • Annual budgeting of revenue, expenses and capital expenditures
  • Monthly and quarterly portfolio reporting
• In-depth knowledge of property operations
  • Weekly calls with regional managers
  • Ability to tie all aspects of operations into financial projections
  • Guide property management in decision making based on budgets, cash balances, development process, and business plan
  • Work closely with CDP’s resident services coordinator
• Support Development process
  • Spearhead loan conversions and related equity installments
  • Transition from Development to Asset / Property Management
  • Lease-ups
  • Underwriting guidance
• Ensure compliance
  • Track and oversee management company filings including state, lender and investor reporting
  • Track and oversee tax exemptions by non-profit partner

Experience

The ideal candidate will have the following:

• A minimum of 3 – 5 years of real estate experience in a related field;
• Strong organizational skills
• Ability to work on multiple projects simultaneously and meet deadlines;
• A proven track record of advancement;

• A strong understanding of development, finance, operations or affordable housing;
• Proficiency in Microsoft Excel;
• Strong work ethic.