What are the responsibilities and job description for the Director, Asset Management position at Standard Communities?
As a Director of Asset Management, you will be the primary liaison between ownership and 3rd party property management. This role is responsible for ensuring optimal asset performance and strategic execution across the portfolio, as it relates to LIHTC Acquisition and Redevelopment affordable housing projects.
What You Can Expect To Do
Standard Communities is a leading owner, investor, and developer of affordable and middle-income housing. As one of the largest owners of affordable housing in the U.S., we believe housing is a pathway to prosperity. We deliver high-quality, sustainable homes that foster community and offer our 75,000 residents the opportunity to build brighter futures.
With over $6 billion in assets under management and a portfolio of nearly 30,000 units across 200 properties in 22 states Washington, D.C., our team blends nationwide scale with local expertise. As a Certified B Corporation and California Benefit Corporation, we value high performance, social responsibility, and innovation. Headquartered in Los Angeles and New York, with offices across the country, we’re driven by a shared mission: to transform housing, empower residents, and strengthen communities. We don’t just build housing—we build opportunities. If you’re passionate about real estate, community impact, and professional growth, we’d love to hear from you.
At Standard Communities, we value urgency in execution, precision in our work, and empathy in our interactions. These core principles guide us in how we build, collaborate, and grow together.
Standard Communities is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.
What You Can Expect To Do
- Lead strategic asset planning and performance management across a diverse portfolio.
- Conduct regular site inspections to ensure physical integrity, safety, and strong market positioning.
- Analyze and manage property‑level financials, including cash flow, reserves, and key performance metrics (DSCR, leasing, stabilization milestones).
- Oversee tenant‑in‑place renovation programs and ensure compliance with federal relocation guidelines.
- Monitor construction progress, capital improvements, loan draws, equity installments, and adjuster calculations.
- Ensure full compliance with LIHTC, regulatory agreements, rent restrictions, and property‑specific set‑asides.
- Drive the Cost Certification and 8609 process in partnership with Accounting.
- Maintain and track obligations under partnership, loan, and regulatory documents; interpret complex agreements to guide decision‑making.
- Build strong relationships with property managers, vendors, and operating partners to proactively resolve challenges.
- Serve as a primary point of contact for investors, lenders, agencies, and other stakeholders.
- Collaborate with property management teams to develop annual operating and capital budgets.
- Conduct due diligence for new acquisitions and redevelopment opportunities, ensuring smooth transitions into the portfolio.
- Support Construction Services and Acquisitions teams with project coordination as needed.
- Mentor and develop junior team members while collaborating closely with internal leadership.
- Bachelor’s degree in business, Finance, Real Estate or related field. Master’s degree preferred.
- 5 years of experience in real estate asset management, preferably within essential or affordable housing, LIHTC and Section 8 experience strongly preferred
- Strong analytical and problem-solving skills, with the ability to interpret complex financial and operational data
- Advance organization skills, with exceptional accuracy, attention to detail, and the ability to reprioritize in a fast paced, time-sensitive environment
- Excellent written and verbal communication skills, with the ability to convey complex information clearly and professionally
- Strong interpersonal skills and the ability to collaborate with diverse stakeholders
- Computer proficiency in Microsoft Office and related tools
- Ability to travel as required by business needs
Standard Communities is a leading owner, investor, and developer of affordable and middle-income housing. As one of the largest owners of affordable housing in the U.S., we believe housing is a pathway to prosperity. We deliver high-quality, sustainable homes that foster community and offer our 75,000 residents the opportunity to build brighter futures.
With over $6 billion in assets under management and a portfolio of nearly 30,000 units across 200 properties in 22 states Washington, D.C., our team blends nationwide scale with local expertise. As a Certified B Corporation and California Benefit Corporation, we value high performance, social responsibility, and innovation. Headquartered in Los Angeles and New York, with offices across the country, we’re driven by a shared mission: to transform housing, empower residents, and strengthen communities. We don’t just build housing—we build opportunities. If you’re passionate about real estate, community impact, and professional growth, we’d love to hear from you.
At Standard Communities, we value urgency in execution, precision in our work, and empathy in our interactions. These core principles guide us in how we build, collaborate, and grow together.
Standard Communities is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of qualifications, merit, and business need.
Salary : $175,000 - $190,000