Asset Management Associate

Lighthouse is a real estate services company that works specifically with two mission-driven developers/owners of affordable multifamily housing (Green Light Development and Home First Development). We are seeking an Asset Management Associate to join our asset management team serving a growing statewide portfolio.

We define success by enhancing the lives of the residents in the communities we serve, being a good partner, and maintaining a property we can be proud of while generating appropriate cash flows. We are looking for someone who can thrive in our collaborative and results-oriented team.

The position is ideally suited for a highly motivated, results-oriented individual with a solid background in asset management, property management, or a related field. We are seeking a team member who combines a strong work ethic with the ability to work independently. This individual should be eager to be part of a small, nimble team of highly motivated individuals.

The Asset Management Associate will be based in Portland, Oregon, with both schedule flexibility and opportunities for remote work. However, there is an expectation for at least two in-person office days per week.

Duties:

• Work with the asset management team to implement tools and systems for monitoring, maintaining, and improving assets during all phases of development
• Coordinate with property management companies on completion of due diligence, including Affordable Fair Housing Marketing Plans, OHCS Management Agent Packet, Management Plans, Tenant Selection Plans, project comps, etc.
• Set up and implementation of service agreements (utilities, fire protection, cameras, etc.) for properties exiting construction and preparing to lease up
• Track project rent and utility allowance schedules, as well as regulatory agreements
• Coordinate property insurance, including initial coverage, annual renewals, and claims tracking
• Coordinate property tax exemption and special assessment applications, including construction in progress filings
• Coordinate and track annual reporting to local, state, and federal entities, including Oregon Housing and Community Services, City of Portland, IRS, and bond reporting
• Consolidate property monthly, quarterly, and annual reports for ownership, including lease-up absorption, property financials and capital needs
• Coordinate document sharing with property management upon transition or new buildings – unit matrix, regulatory agreements, O&Ms, marketing collateral
• Develop and implement a capital needs tracking system
• Conduct property site visits
• Asset Management administrative duties as assigned
• Provide support for the hand-off between the Development and Asset Management teams as properties transition from the construction phase to in-service   

Experience and Skills:

• Bachelor’s degree in a related field preferred but not required
• Proficiency with the standard suite of Microsoft Office applications, especially Excel
• Vena Software experience is a plus
• Work experience in either asset management, property management, or a related field
• Ability to handle multiple tasks and work independently with attention to details
• Ability to drive to scattered sites in the property portfolio

Compensation:

Salary range: $65-70K per year

Benefits:

• 401(k) Plan with 6% employer contribution after 90 days of employment
• Heath, Dental, and Vision Insurance for the applicant and dependents
• Employer paid premium for Short-Term and Long-Term disability insurance
• Employer paid premium for $100,000 Life insurance
• 25 days of PTO and 10 paid holidays

Application Submittal:

Please submit a resume and a one-page cover letter explaining how your relevant skills and experience will support the Asset Management team's success. Candidates should have at least 3 references we can call.

The listing is open until filled. We hope to have the successful candidate start before the end of June.

Please submit all materials by email to Maya: maya@hfdpartners.com

No recruiters. Local candidates only.