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    Director of Asset Management - Seattle, United States - gpac

    gpac
    gpac Seattle, United States

    3 weeks ago

    GPAC background
    Description
    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.

    Job


    Title:
    Director of Asset Management


    Team:
    Senior Leadership

    Reports


    To:

    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

    Position


    Type:
    Full time

    Work


    Location:
    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


    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.

    #J-18808-Ljbffr
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