Arboreal Management is excited to add a member to our leadership team to lead the growth of our Affordable Housing portfolio.

Arboreal Mangement is the property management arm of Great Expectations LLC, a Seattle-based regional developer of affordable and workforce housing. We have over 1,500 apartments between Seattle, Bellevue, Tacoma and Portland and are growing very quickly.

Our Affordable portfolio includes a variety of high-quality multi-family properties, including

• 108 unit lease up in Bellevue (Tax Exempt Bonds)
• 98 units in Seattle (special HUD program at 80% AMI)
• 199 lease-up in Tacoma
• 82 unit in Tacoma (Section 8 project based)

We fully intend to grow this portfolio and become one of the leading owner and operators of Affordable Housing in the Pacific Northwest. We are looking for an experienced leader whose ambition matches our own.

The ideal candidate has proven experience in driving results in Affordable property management, building and leading effective teams, ensuring compliance, and delivering financial results.

What you will do: Working directly with the Managing Partner of Great Expectations, you will fully lead our Affordable Housing region.

1. Running all the day-to-day property management functions for the region, including all the basic functions – setting pricing, leasing, lease administration, maintenance, etc

2. Leading and building our team of property management professionals including recruiting, training, and creating a culture of excellence

3. Supporting the strategy and execution for the growth of our Affordable property management division, including leading business development to grow our 3rd party business, including in LIHTC

4. Building a strong maintenance function, including by recruiting and on boarding a head of maintenance and creating a maintenance plan for each building

5. Developing an improvement strategy for each building, including leading light rehab work when needed

6. Working closely with our accounting team to ensure accurate property financials and excellent reporting

Who you are: You are an experienced professional who is ready to step into the growth phase of your career and build an exciting, bigger business for yourself and your partners

• You have experience leading an operation of 10 people, working in multifamily apartments or any other people-oriented and process-oriented business
• You are personally experienced in Affordable Housing and related compliance programs
• You are excited by our dual mission of providing affordable housing and returns for our investors
• You have a passion for continual process improvement and always see a better way to do things
• You are a natural leader and can provide mentorship to a team of hungry young people
• You are data driven, with a love for looking at numbers and a willingness to continually reset your strategy and follow where they lead
• You have a good understanding of the physical world, including the types of maintenance work that goes into operating housing
• You are comfortable working with owners and investors, can conduct yourself in business dealings, are organized, efficient, and spot problems before they happen
• You understand details matter and are therefore as comfortable leading a leasing tour as you are building a real estate empire
• You understand the responsibility of being a top leader of a small but growing business

What you should bring: We are looking for an individual with some experience in a relevant field and a strong professional orientation. Most of all, we seek someone who is flexible, detail oriented, and who loves working in a team. Specific qualifications include:

• 8 years’ experience working in property management and Affordable Housing
• Proven track record building teams and being an excellent people leader
• Qualifications and certifications related to affordable housing compliance
• College degree is preferred but experience is valued above academics

Who we are: Great Expectations was founded in 2020 and has rapidly grown to a prominent operator of privately funded affordable housing in the Pacific Northwest. Together with our affiliates, we have a portfolio of close to 20 buildings that we have built, acquired or managed.

Our average rent is $1100-1200 per month, which makes our apartments affordable to people earning ~60% of the Area Median Income. While most operators require deep subsidies to achieve this, we have done it with a group of private investors to whom we are proud to have paid a good return of 6-10% per year. Our mission is to both provide below market rents to our residents and above market returns to our investors.

As a growing company, we have a particularly strong commitment to our values and expect our team members to share them. We value:

• Inclusion and Diversity within our company, in how we select partners, and how we design for customers. We actively seek and learn from different perspectives
• Teamwork: We communicate consistently, learn from one another, and always operate as a team when faced with a challenge. We only win as a team
• Data-based decision making: We consider the facts and identify patterns to make good decisions and evaluate mistakes. There is always a “best” answer
• Question conventional wisdom: If something doesn't make sense or data suggests otherwise, we dig in and decide how to act. We love it when we see something others don’t
• Respect for our residents: The people who live in our buildings are our business partners. We listen to them, respect them, and aim to build them the homes they want at the price they can afford.
• We pick up trash: Every employee is an owner of the business and behaves as such. Nobody can see a piece of trash on the ground or an opportunity to improve the business without grabbing it

Job Type: Full-time

Pay: $95,000.00 - $115,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Paid time off

Experience level:

• 8 years

Schedule:

• Monday to Friday

Experience:

• Affordable Housing: 3 years (Required)
• Property management: 6 years (Required)

License/Certification:

• Real Estate License (Preferred)
• Certified Apartment Portfolio Supervisor (CAPS) (Preferred)

Work Location: In person