VP, Asset Management - East

April Housing is a leading owner and operator of high‑quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing oversees Blackstone’s affordable housing and LIHTC portfolio. April Housing preserves critical affordable housing stock while providing best‑in‑class management and high‑quality housing. April Housing is committed to fairness, transparency, and responsibility. Blackstone Funds, predominantly BREIT, provide a patient and flexible capital vehicle that enables the creation and preservation of more affordable housing.

April Housing ensures assets remain affordable and compliant with rent regulations while making significant improvements and aligning operations with April Housing’s Standards of Excellence in Residential Operations.

• Strategic Leadership
  • Develop and implement asset management strategies aligned with the company’s mission and goals.
  • Provide leadership and direction to property management teams, ensuring alignment with organizational objectives.
• Financial Oversight
  • Monitor and analyze financial performance of properties, including budgets, forecasts, and financial reports.
  • Identify opportunities for revenue enhancement and cost reduction to maximize asset value.
  • Review monthly and year‑to‑date property and portfolio operating performance.
  • Recommend methods to strategically improve portfolio performance to improve cash flow and increase value.
  • Prepare investment recommendation reports for new construction and rehabilitation, including a market assessment, proposed construction scope, and accompanying operating performance.
• Portfolio Management
  • Oversee a diverse portfolio of affordable housing properties, ensuring optimal occupancy levels and tenant satisfaction.
  • Conduct regular property inspections and performance evaluations to assess operational efficiency.
  • Schedule and evaluate periodic compliance reviews.
  • Physically inspect each property within the portfolio with regular cadence.
  • Prepare periodic property management company reviews based on asset performance and in‑person talent evaluations.
• Compliance and Risk Management
  • Ensure compliance with federal, state, and local regulations, as well as company policies and procedures.
  • Implement risk management strategies to mitigate potential liabilities.
  • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio.
• Stakeholder Engagement
  • Build and maintain strong relationships with key stakeholders, including Blackstone, investors, government agencies, and community organizations.
  • Represent the company at industry events and forums to promote its mission and objectives.
  • Maintain effective lines of communication with all partners, management companies, and internal departments.
• Team Development
  • Mentor and develop property management teams, fostering a culture of excellence and accountability.
  • Conduct performance evaluations and provide ongoing training and support.
  • Coach, mentor, train, and manage a team of AVPs, AMs, and analysts.
• Reporting and Analysis
  • Prepare and present regular reports on portfolio performance to senior management and the board of directors.
  • Utilize data analytics to drive decision‑making and improve operational performance.

• Bachelor’s Degree – preferably in Real Estate or Finance
• 9+ years of real estate experience, with a preference for multifamily asset or portfolio management
• Experience in Section 42 housing preferred
• Microsoft Excel proficiency required
• Financial acumen
• Strong communication skills
• Leadership ability
• Personal commitment to making a positive difference in affordable housing
• Communicates Effectively:
  Communicates with direction and inspiration. Consolidates facts and opinions to deliver compelling messages to teams. Considers various points of view and collaborates with partners to deliver results.
• Drives Results:
  Plans work streams in line with standards set by leadership and follows up to ensure teams are delivering to standards set. Stays abreast of current results vis a vis targets and moves team forward actively to deliver on targets. Relies on data and analytics to determine…