Revantage

RVP, Asset Management

Job Locations US-CA-Los Angeles
Job Post Information* : Posted Date 1 month ago(1/24/2024 2:33 PM)
ID
2024-6292
# of Openings
1
Category
Asset Management

Overview

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

 

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

 

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

 

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $160,000- $200,000. This position is also eligible for discretionary bonus on an annual basis. Actual base salary range may vary based on various factors, including but not limited to location and experience.

Responsibilities

We are seeking a Vice President – Regional Asset Management based in Los Angeles to join the company.  While April Housing is Los Angeles-based, our Regional Asset Management offices are geographically diverse, aligning with our national portfolio. Working in partnership with Blackstone and April Housing leadership, the VP - Regional Asset Manager will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.

 

What you will do:

 

  • Coach, mentor, train and manage a team of AVPs, AMs and analysts
  • Reviewing monthly and year to date property and portfolio operating performance
  • Recommending methods to strategically improve portfolio performance to improve cash flow and increase value
  • Schedule and evaluate periodic compliance reviews
  • Physically inspect each property within their portfolio with regular cadence
  • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
  • Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating performance
  • Prepare periodic property management company reviews based on asset performance and in-person talent evaluations
  • Maintain effective lines of communication with all partners, management companies, and internal departments

Qualifications

What you should have:

  • Bachelor’s Degree – preferably in Real Estate or Finance
  • 7+ years of real estate experience, with a preference for multifamily asset or portfolio management
  • Experience in Section 42 housing preferred
  • Microsoft Excel proficiency required
  • Financial acumen
  • Strong communication skills
  • Leadership ability
  • Personal commitment to making a positive difference in affordable housing

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

 

#LI-Hybrid #LI-KR1

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