Asset Manager, Property Manager

To support continued expansion, the firm is seeking an Asset Manager to oversee a dynamic portfolio of affordable housing assets, with a strong emphasis on LIHTC, Section 8, and preservation-oriented housing initiatives. This role is critical to driving portfolio performance, executing business plans, and partnering closely with internal teams, investors, and operating partners to maximize both financial and social impact.

Asset ManagerOur client is one of the fastest-growing affordable housing developers in the country, recognized for its innovative approach to preservation and community-focused investment strategies. To support continued expansion, the firm is seeking an Asset Manager to oversee a dynamic portfolio of affordable housing assets, with a strong emphasis on LIHTC, Section 8, and preservation-oriented housing initiatives. This role is critical to driving portfolio performance, executing business plans, and partnering closely with internal teams, investors, and operating partners to maximize both financial and social impact.Job DescriptionThe ideal candidate combines technical asset management expertise with a commercial mindset, strong interpersonal presence, and the ability to influence stakeholders and drive outcomes. Key Responsibilities include:Manage a portfolio of 3-15 assets (800-3,000 units), ensuring financial and operational performance aligns with investment objectivesOversee LIHTC compliance, Section 8/HUD programs, and preservation initiatives, including refinancing and syndicationDevelop and execute asset-level business plans, including capital improvements, lease-up strategies, and operational efficienciesMonitor property performance through detailed review of financial statements, budgets, variance analyses, and KPIsPartner with property management and development teams to optimize operations, address challenges, and drive NOI growthLead interactions with investors, lenders, and public agencies, providing clear, strategic reporting and recommendationsIdentify and implement value-enhancing strategies, including repositioning, cost management, and revenue optimizationSupport capital events, including acquisitions, dispositions, refinancing, and investor reportingTravel to portfolio locations regularly to maintain direct oversight and relationshipsMPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.The Successful ApplicantRequired Qualifications include:Extensive experience in affordable housing asset management, with a strong preference for LIHTC and preservation dealsHands-on experience with programs such as Section 8, HUD, and (ideally) NYCHA PACTProven track record managing a portfolio in the range of 800-3,000 units (3-15 assets)Strong tenure at prior firms demonstrating stability and progressive responsibilityAbility to confidently represent ownership in front of investors and stakeholders, with strong communication and persuasion skillsWillingness and ability to commute to NYC at least 3 days/week and travel across the portfolioPreferred Background includes:Experience at an affordable housing developer or owner-operator strongly preferredCandidates who have successfully transitioned from property management or construction into asset management will be consideredAdvanced degree preferred (MS in Real Estate, Finance, Accounting, or related discipline)Strong understanding of real estate finance, capital structures, tax credits, and compliance frameworksCommercially sharp with a "deal mindset" and strong financial instinctsSolutions-oriented and proactive; anticipates issues and drives resolutionPolished, credible, and influential; able to gain buy-in from investors and partnersStrong networking ability and relationship builder within the affordable housing ecosystemOperates with an ownership mentality and a high level of accountabilityCandidates from banking backgrounds are less preferred compared to those with direct real estate/operator experienceWhat's on OfferBase salary and variable bonus opportunityHealthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disability401(k) and employer-funded retirement planPaid vacation