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Department: | Asset Management |
Location: | Miami, FL |
COMPANY
Housing Trust Group (HTG) is an award-winning full-service developer of multifamily residential communities with real estate transactions exceeding $4 billion in commercial, land and residential developments across Florida, the Southeastern U.S, including Texas, Illinois and Arizona. HTG develops, builds and manages a diverse portfolio of affordable housing, workforce housing, market rate housing, and mixed-income and mixed-use developments and currently owns and operates 53 properties with 5,800 units.
SUMMARY
The AVP of Asset Management position is responsible for maximizing the financial, operational, physical, and regulatory performance of an assigned portfolio including affordable, market rate, and mixed-use properties. This role requires close collaboration with property management, construction, development, accounting, and external stakeholders (lenders, investors, syndicators, and agencies). The asset management position blends hands-on asset oversight with strategic portfolio planning, with a particular emphasis on LIHTC, HUD/Section 8, and other affordable housing programs.
RESPONSIBILITIES
Function as the Owners representative overseeing financial and operational performance of properties
Review monthly operating financials, variance analysis, rent rolls, occupancy and delinquency reports and develop corrective actions plans for underperforming properties
Perform site visits and coordinate with property management to address operational, physical, and compliance issues
Develop annual operating budgets and establish business plans for each property
Drive portfolio level performance by identifying opportunities for revenue growth, expense optimization, and value creation
Take initiative to improve quality of reporting and early detection of issues
Assist in the development of performance measurement, risk metrics, and analytical tools to be applied to systematically to the portfolio
Coordinate lender inspections and facilitate lender required repairs through property management and construction management
Prepare and submit property information for annual property tax exemptions and appeals and ensure annual property taxes are all paid timely
Prepare monthly and quarterly reporting for Owners
Support refinances, re-syndications, year-15 buyouts, and dispositions including due diligence and transaction execution
Be the primary contact to all investors/lenders/syndicators/JV partners
REQUIRED QUALIFICATIONS
5-10 years of experience in multifamily acquisitions or asset/portfolio management, with a strong focus on affordable housing/LIHTC
Demonstrated ability to manage a multi-property portfolio (1020+ properties or 1,0002,500+ units)
Experience in LIHTC compliance, HUD/Section 8 programs, Year-15 strategies, and partnership structures preferred
Strong financial modeling and valuation skills, including budgeting, forecasting, and investment analysis
Proficiency with Yardi and advanced Microsoft Office Suite skills required, particularly Excel
Excellent leadership, communication, and relationship management skills
Proactive, energetic, and results-driven attitude
Ability to adapt to and manage frequently changing priorities and work cooperatively as a key member of a small team.
Ability to handle multiple projects and deadlines simultaneously and deliver detail-oriented work product
PHYSICAL REQUIREMENTS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.