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 is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 80,000 affordable housing units in approximately 600 communities and continues to invest in the sector, recently branching into development. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.
As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $145,000 – $155,000. Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.
Responsibilities
We are seeking an Assistant Vice President to join the company’s Asset Management team. Working in partnership with Blackstone and April Housing leadership, the Regional Asset Manager 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:
- Reviewing monthly and year to date property and portfolio operating performance
- Recommending methods to strategically improve portfolio performance to improve cash flow and increase value
- Schedule and evaluate periodic compliance reviews
- Physically inspect each property within their portfolio with regular cadence
- Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
- Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
- Prepare periodic property management company reviews based on asset performance and in-person talent evaluations
- Maintain effective lines of communication with all partners, management companies, and internal departments
Qualifications
What you should have:
- LIHTC experience required
- Bachelor’s Degree – preferably in Real Estate or Finance, but not a requirement
- 7+ years of real estate experience, with a preference for multifamily asset or portfolio management
- Microsoft Excel proficiency required
- Financial acumen
- Strong communication skills
- Leadership ability
- Personal commitment to making a positive difference in affordable housing
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. We offer competitive pay and a full slate of benefits.
EEO Statement
Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.
