Senior Manager, Asset Management - Lincoln Avenue Communities

The Company

Welcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 25 states. With a portfolio encompassing 130+ properties and 20,000+ units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.

The Role

Lincoln Avenue Communities (LAC) is seeking a Manager, Asset Management to join our experienced team of real estate professionals who manage a diverse portfolio of affordable multi-family housing properties across the United States. LAC has a robust pipeline of property acquisitions and an aggressive plan to grow its national portfolio. This role is responsible for monitoring and reporting on asset-level performance, identifying potential issues, and assisting the team with business plan development and implementation. As a Manager you are responsible for collaborating with Senior Business Leaders, the transactions team, property management, vendors, lenders, CPA’s, investors, equity partners and various governmental agencies. This role is designed to manage a portfolio of multifamily properties from acquisition to disposition.

The position reports to our Director, Asset Management and works closely with other memebers of the Asset Services, Development, and Finance teams. This is a hybrid role (2-3 days a week in office) located in Denver, CO. Approximately 40% travel is required throughout the United States.

How You'll Contribute

• Oversee the financial and operational performance of a multifamily and senior affordable housing portfolio, including assisting in the monitoring of construction, leasing, stabilization and ongoing management and compliance strategies.
• Improve the property monitoring and risk management processes including overseeing third party property management companies. Make recommendations and provide oversight based on performance and physical conditions of properties to mitigate risk or increase cash flow.

• Analyze appropriateness and timing of equity installments and property operating reimbursements. Perform thorough analyses of financials and aid in the preparation of tax returns and audits. Assist with compliance maintenance in a variety of affordable housing programs (Section 8 and Section 42). Maintain terms of partnership agreements, loan documents, LURA’s and various property agreements.
• Oversee implementation of various business strategies.
• Coordinate effective execution of portfolio-wide initiatives.
• Assist in the continued development and refinement of Asset Management infrastructure, protocol and procedures.
• Address investor, lender and equity partner requests and deadlines as needed.

• Coordinate capital projects with on-site management and submit proof of required loan/agreement requirements to our partners timely.
• Manage oversight of year-end budgeting process and closely manage property expenses to increase cash flow.
• Assist with projects and tasks as assigned.

Requirements

What You Bring

• Strong analytical skills with ability to evaluate complex data and present solutions, ability to problem solve with micro and macro views.
• Strong communication and presentation skills to work effectively with and present to a broad range of partners, agencies, and third-party managers.
• Self-starter with the ability to work independently and comfortable interacting with and presenting to senior management.

• Strong Excel skills and experience with property financial reporting and financial modeling, preferably in commercial real estate transactions.
• Ability to prioritize and handle multiple projects to meet deadlines.
• A mature professional with excellent judgment and interpersonal skills.
• Baseline knowledge of key affordable housing and real estate concepts or an interest/ability to quickly learn the fundamentals is a plus.

Education & Experience

• 5+ years of relevant experience in real estate, finance, and/or banking.
• Affordable housing experience required.
• New acquisition & new construction experience is a plus

• Undergraduate degree with a minimum of 4-5 years of relevant experience in areas such as real estate, finance, and/or banking.
• Proficient in Microsoft Office suite, including Word, Excel and Powerpoint.
• Basic knowledge of Section 42 LIHTC and Section 8 HUD regulations and regulatory agreements, and HUD programs.
• Experience with Yardi preferred.

Benefits

What We Offer

The expected base salary range for the role is $115,000- $155,000. This represents the current range and is subject to change. To determine starting pay we carefully consider a variety of factors, including primary work location and an evaluation of a candidate’s skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include:

• Performance-based bonuses
• Full medical, dental, and vision coverage for you and your dependents
• 401(k) plan with employer matching and immediate vesting
• Life and disability insurance
• Generous PTO, holidays, and sick time
• Paid parental leave
• Employee referral incentives
• Fun company and team-building events
• Continuous learning and development opportunities

Equal Employment Opportunity

LAC is an equal opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.