AVP. Asset Management (Multifamily)

At April Housing, we’re building a team of bold, mission-driven professionals who are motivated by meaningful work and energized by collaboration. Our work supports a clear purpose of expanding access to high-quality housing, and each role plays an important part in advancing that mission.

You’ll collaborate shoulder‑to‑shoulder with some of the most talented experts in the industry, gaining hands-on exposure that helps you grow your skills and broaden your perspective from the day one. Our environment is dynamic, fast paced and evolving, designed to support curious, ambitious people as they take on new challenges and develop capabilities that translate throughout their careers.

April Housing is a leading owner and operator of high‑quality affordable housing across the United States. Founded in 2022 and headquartered in Los Angeles, we are a portfolio company of Blackstone Real Estate, supporting the affordable housing and LIHTC (Low-Income Housing Tax Credit) portfolio. Our mission is clear: preserve critical affordable housing stock while delivering exceptional management and high‑quality homes to the communities we serve. We are committed to being a fair, transparent, and responsible owner.

Backed by Blackstone Real Estate enabling us to invest in the creation and preservation of affordable housing for the long run. We are making a bold commitment to preserving affordable housing across the country. April Housing is dedicated to ensuring our assets aligned with high standards of excellence, including ongoing property improvements and elevated resident services.

We’re looking for individuals who share our commitment to excellence and believe in the impact that thoughtful, well-executed work can have on communities. If you’re driven by purpose, value collaboration, and are excited to grow while contributing to something meaningful, April Housing offers a place to build experience, expand your impact, and do work that matters.

We are seeking an Assistant Vice President/Regional Asset Manager to join the company’s Asset Management team. Working in partnership with Blackstone and April Housing leadership, the AVP 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:

Strategic Leadership

• Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments.

• Prepare investment recommendation reports for new construction and rehabilitation, including a market assessment, proposed construction scope, and accompanying operating proforma

Portfolio Oversight

• Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements.

• Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs.

• Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation.

• Physically inspect each property within their portfolio with regular cadence

Financial Performance

• Manage property budgets and long-term financial planning, ensuring alignment with ownership goals.

• Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets.

• Oversee annual audits, financial reporting, and tax credit compliance submissions.

• Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio

Team Development and Collaboration

• Partner with property management companies to ensure consistent execution of operational strategies.

• Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio.

Compliance and Risk Management

• Identify and mitigate potential risks, including physical, financial, and regulatory challenges.

• Develop and implement corrective action plans as needed to address performance or compliance issues.

Key Skills and Competencies

• Understanding of affordable housing programs and compliance requirements.

• Strong analytical and problem-solving skills with a data-driven approach.

• Excellent interpersonal and communication skills to collaborate with a diverse range of stakeholders.

• Strategic thinker with a proactive and results-oriented mindset.

• Ability to manage multiple priorities in a fast-paced environment.

Qualifications

• Education: Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred

• Experience: Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing.

• Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations.

• Strong financial acumen, including experience with financial modeling, budgeting, and reporting.

• Communicates Effectively: Listens effectively and confirms understanding when needed.  Cooperates effectively with teammates(intact team and cross functionally) and provides and takes feedback with ease

• Drives Results: Works hard to ensure understanding of all critical performance targets.  Lines up personal and team performance to deliver results.  Accepts feedback and pivots activities and behaviors when needed to improve results

• Plans and Aligns: Understands plans communicated and asks for clarity when needed.  Provides input when plans require front line input. Makes an effort to ensure teammates are aligned on daily and weekly actions supporting the plan.

• Manages Ambiguity: Carefully listens to need for change or need to wait for instruction in times of change.  Keeps moving daily and weekly tasks forward while waiting for any pivots to workstream.

• Develops Talent/Professional Development: Works with leadership to execute individual development plans for self and others.  Makes time to become the best in their current role and to learn aspects of future potential roles.

• Resilient: Stays abreast of results individually and for the team and reacts with persistence especially when results are less than planned.  Keeps a positive attitude and entertains and develops ideas to enhance results.

What we offer:

At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income.  You will be joining a dedicated team who live this mission every day. 

And we’re growing!  “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap. Over the next decade, we intend to invest over $500 million to improve our communities while keeping rents affordable for our residents.

And of course, we offer competitive pay and a full slate of benefits.

Base Compensation Range:

$145,000.00 To $160,000.00 Annually. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation:  This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Please review the job applicant privacy notice here.

EEO Statement

April Housing 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