Director of Asset Management

DIRECTOR OF ASSET MANAGEMENTSunrise Affordable Housing GroupFirm OverviewSunrise Affordable Housing Group ("Sunrise") is a real estate investment company specializing in acquiring and operating affordable-rate multifamily properties across the United States. We target properties with LIHTC restrictions, Section 8 HAP contracts, and other affordability components. Our current portfolio includes a mix of LIHTC and Section 8 properties, designated for both family and senior residents, with concentrations in the Southeast and West. Our leadership team has an extensive track record in affordable housing acquisition with leading developers before launching Sunrise. We are headquartered in Palm Beach, FL, with additional offices in New York and Los Angeles.Job OverviewWe are seeking an experienced Asset Manager to join our leadership team. The Director of Asset Management will report to the leadership team and be responsible for all aspects of the operational performance and financial reporting of our portfolio. The ideal candidate is self-motivated, entrepreneurial, and knowledgeable in affordable housing programs. In this role, the Director of Asset Management will:Oversee 3rd-party property management to support day-to-day operations; Coordinate with 3rd-party project management to track the budget, schedule and progress of ongoing capital improvement projectsManage internal financial budgeting, forecasting and reporting for property operations and capital projects by implementing internal processes to track progress and identify potential issuesCoordinate and work with the relevant 3rd-party professionals to complete audits, taxes and other partnershipregulatory reporting requirementsMonitor compliance with all regulatory, loan and partnership agreements, and liaise with partners, lenders, and governmental institutionsRequirements2+ years of experience in Affordable Housing multifamily asset management. Past experience with LIHTC and Section 8 is required.Strong financial modeling and quantitative analysis skills.Experience managing rehabilitation projects and capital expenditures.Strong interpersonal skills to effectively manage relationships with internal teams, property management companies, and partners.SalaryCompetitive salary ranging from $125,000 - $175,000, depending on experience and qualifications.LocationThe job is located in Los Angeles, CA. Travel up to 20% of the workweek.Equal Opportunity StatementSunrise is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Created: 2025-03-06