Asset Management Associate – Affordable Housing

Position: Asset Management Associate – Affordable Housing

Location: New York, NY

Start Date: ASAP

Employment Type: Full-Time

Salary: $100,000 - $150,000

Company:

• Fairstead Affordable, a Fairstead subsidiary, specializes in the acquisition, rehabilitation and preservation of affordable and mixed-income housing across the US. Fairstead is a real estate investor and operator specializing in multifamily housing. Fairstead owns over 10,000 market rate, workforce and affordable rental units across the U.S. Through its disciplined investment approach, Fairstead has acquired nearly $3.0 billion in real estate since 2013.

Primary Responsibilities:

• Primary liaison between ownership and property management on property business plans.
• Visit stabilized properties annually and transitional properties monthly. Boots on the ground mentality.
• In the event of crisis management, determines how to proceed in partnership with the owner and property manager in real time.
• Reports to Managing Partner on special projects to increase ROI.
• Work closely with accounting team to develop budgets and determine the sources of material variance in operating performance.  
• Coordination of annual reporting.
• Work closely with construction managers to determine project schedule, scope and capital needs
• Track and manage portfolio metrics

Qualifications:

• Minimum 2 years’ experience in related filed
• Experience with affordable housing asset management or property management.
• Demonstrated competency in financial statement analysis.
• Strong Microsoft Excel skills.
• Manages multiple priorities while demonstrating the initiative to produce results and resolve problems.
• Team-oriented with strong integrity and professionalism.
• Bright and flexible with strong organizational skills