Operating Property Asset Manager

Affordable Equity Partners, Inc. (AEP), founded in 1997, is a financial resources company that provides a full range of services for developers and investors in the Section 42 LIHTC Program. Having more than 500 tax credit developments, AEP has syndicated over $5 billion in federal and state tax credits. AEP has never had a foreclosure or credit recapture and maintains a reputation of unparalleled service before, during and after the investment.

LOCATION
- Atlanta, GA

SCHEDULE
- Initially in office Mon-Fri....can move to hybrid after training period

The Operating Property Asset Manager (OPAM) is the owner’s day-to-day point person for a portfolio of stabilized LIHTC properties. The OPAM drives operating performance, ensures continuing LIHTC and lender compliance, manages reserve draw requests and capital projects, oversees leasing & marketing execution to maximize revenue/NOI, prepares quarterly investor commentary and budgets, and coordinates refinancings or dispositions with Portfolio Management. The OPAM also maintains the AHIC Operating Property Risk Ratings in MRI, leads responses to third‑party inspection findings and 8823 notices, and partners closely with Compliance, Property Management, Accounting, Legal, and Investor Relations.

The Operating Property Asset Manager (OPAM) at Affordable Equity Properties (AEP) is responsible for the day-to-day oversight and performance of a portfolio of stabilized LIHTC (Low‑Income Housing Tax Credit) properties. This role is pivotal in ensuring asset value, compliance, and operational excellence across the assigned portfolio.

• Owns monthly and quarterly property performance, including P&L review, occupancy, rent variance, and utility trends.
• Develops and implements action plans to address variances and ensure properties meet or exceed underwritten expectations.

• Maintains LIHTC compliance in partnership with the Compliance team, ensuring annual recertifications and adherence to regulatory requirements.
• Manages responses to Housing Finance Agency (HFA) 8823 reports and coordinates with Legal and Compliance for timely cures.
• Prepares quarterly investor commentary and ad‑hoc updates.
• Updates AHIC Operating Property Risk Ratings in MRI software, ensuring a clean audit trail for inspections, reserve draws, and capital projects.

• Manages reserve draw requests, validates eligibility, and oversees capital projects from scoping to completion.
• Ensures timely and on‑budget delivery of capital initiatives and closure of third‑party inspection findings.

• Directs leasing and marketing strategies to maximize revenue and occupancy.
• Approves marketing expenditures and works with property management on resident retention and lease enforcement.

• Supports refinancing and disposition efforts by providing accurate operating histories, capital projections, and compliance documentation.
• Champions process improvement and the adoption of AI/automation tools to enhance reporting, compliance, and portfolio monitoring.

• Ensures smooth asset transitions from Development Asset Management and maintains responsive communication with internal and external stakeholders.

• Occupancy and rent growth versus underwriting and market comps.
• Net Operating Income (NOI) versus budget.
• Timeliness and quality of capital project delivery.
• Accuracy and timeliness of investor reporting.
• Compliance response rates and cure timelines.

MRI (AHIC Operating Risk module), Real Page or other PMS, Excel (advanced)

• Bachelor’s degree in…