Director of Asset Management - Gpac

Here at gpac we are working with a wonderful nonprofit organization that is looking for a Director of Asset Management to join their team. This position is hybrid in Ellensburg, WA at least 2 days a week on-site plus the possibility of going out to other cities or investor or developer meetings.

 Responsibilities:

•Leads the development and implementation of the organization’s housing strategies by identifying opportunities for the development and acquisition of new affordable housing projects, rehabilitation of existing properties, and ensuring the portfolio’s long-term physical and financial health and mission achievement.

•Negotiates and obtains project financing including grants, loans, tax credits, rental assistance contracts, and other subsidies.

•Research, negotiate, implement and manage acquisition of new properties and disposition of existing properties.

•Oversight of the development process from initial project concept through construction completion and lease up

•Responsible for all aspects of project development from project conceptualization through occupancy

•Feasibility of concept and local needs assessment

•Fiscal draw processing

•Develop feasible financial models, prepares and submits for pre-development and permanent financing including the development of operating pro-formas

•Zoning and environmental review processes

•Oversees the Asset Manager who is responsible to review and verify the performance of organization property assets against benchmark performance and oversee corrective actions through reports.

•Oversees Property Maintenance Team ensuring efficient and effective project completion.

 Minimum Requirements:

•Prefer B.S. or B.A. degree in related fields.

•Prefer 3 or more years’ experience in real estate related industry with emphasis on development & asset management activities.

•In-depth experience in using affordable housing financing tools including LIHTC, OAHTC, FHA loan products, Project-Based HAP contracts, CDBG, HOME, HUD, bond programs, year-15 exists, etc.

•Demonstrated ability to negotiate complex real estate transactions, including the ability to review legal documents and negotiate terms to protect the agency’s financial and business interests.

•Familiarity with housing compliance and regulatory requirements of various funding sources.

•Prior affordable housing asset management or property management experience preferred.

•Ability to read, analyze, and interpret tenant leases, management agreements, financial narratives, partnership agreements, development agreements, and other relevant accounting legal documents.

 JobTitle:                           Director of Asset Management

Team:                                 Senior Leadership

ReportsTo:                      COO

Hours:                                40 hours per week

Compensation:      Starting pay $80,000-87,000 annually, depending on experience

Benefits:                            100% paid medical and dental insurance, AD&D, short and long term disability insurance, holidays, and paid leave

FLSA Status:          Exempt

PositionType:        Full time

WorkLocation:                Hybrid – Ellensburg, WA (travel required)

All applicants are asked to provide a resume and cover letter. If you are interested, apply here or email your resume to christel.tavizon@gogpac.com.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.

GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.