24 days old

Asset Manager

Standard Property Company Inc
Los Angeles, CA 90067
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Title: Asset Manager, Essential Housing

Reporting to: Director of Asset Management, Essential Housing

Position: Full Time/Hybrid


Standard Communities is an awarding winning affordable, workforce, and mixed-income housing innovator. As one of the AHF Top 50 largest owners of affordable housing in the country, Standard cultivates long-term public and private partnerships to produce and preserve affordable, environmentally sustainable housing.

The work we do is essential at reducing the affordable housing crisis, and our portfolio of over 80 communities and 13,500 units, provides high-quality housing for more than 30,000 people. Our team consists of more than 70 people across the country, including industry leaders in finance, construction, and asset management, who lead our industry at creating quality housing and strong communities.

Founded in 2008, Standard Communities is relentlessly focused on growth and has completed more than $3 billion in housing transactions with a portfolio that spans 17 states. As a California Benefit Corporation, we are socially conscious entrepreneurs that value high performance, corporate responsibility, and innovation.

Our long-term goal is to own more than 50,000 units and provide affordable, environmentally sustainable housing to more than 100,000 people by 2030. We are looking for curious, ambitious self-leaders to join our fast-moving, forward focused team.

Interested? Read more about the latest opportunity to join our team below.


Reporting to the Director of Asset Management, Essential Housing, the Asset Manager is our main liaison between ownership and 3rd party property management. The primary objective of this role is to manage all operational aspects of the portfolios assets, drive excellence in asset performance and business plan execution. The Essential Housing Portfolio consists of over 2,800 affordable housing units located across the United States.

What You Can Expect To Do

  • Work independently to drive asset performance, generate and execute strategic asset plans; strategically manage property cash flow and cash reserves to maximize coverage of owner and investor distributions, larger periodic expense needs, and major repair and maintenance capital improvements.
  • Develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement.
  • Coordinate and manage strategic capital improvement plans carried out by general contractors and third-party vendors.
  • Forge strong relationships with operating partners to proactively work through challenges and communicate concerns up internal and external chains of command when expectations are not being met.
  • Analyze and ensure the integrity of monthly and quarterly property-level financial statements vs. budget or proforma.
  • Play an active role in the creation of annual operating and capital budgets.
  • With the support of our Compliance team, monitor compliance requirements and deadlines across multiple government agencies and programs.
  • Coordinate communications and manage requests from investors, lenders, governmental agencies, and other stakeholders.
  • Support our Acquisitions team with ad-hoc due diligence items as needed. Be involved in operational, capital improvement, and P&L due diligence during acquisitions process to ensure smooth transition post-closing.
  • Support our Construction Services team with ad-hoc coordination and communication as needed.
  • Conduct frequent physical inspections of each asset and its competitive market in the portfolio.

What You Should Have

  • Bachelors degree required, preferably in Business, Finance, Real Estate, or related fields
  • 5+ years of experience with asset management, real estate finance, and affordable housing
  • Operational experience managing equity investments in essential housing
  • Ambition, a strong desire to learn, to achieve, a history of career advancement
  • Organizational skills; the ability to manage your time, focus and communicate with clarity
  • A sense of urgency, an internal clock that helps you move with purpose
  • Proficiency in Microsoft Excel and Word
  • The ability to travel as needed

What You Should Be

  • Curious and ambitious by nature; a highly motivated person whos not afraid to ask questions.
  • A independent self-starter; you dont wait around too long looking for directions from others.
  • Highly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work product.
  • A world-class communicator, or rapidly becoming one.
  • Able to work collaboratively in a small team environment; willingness to roll up your sleeves and pitch in when and where necessary.
  • Ready to work in a fast-paced environment and be part of an amazing team doing valuable work.

Who You Can Expect To Work With

Chris Cruz

Katie Smith


Posted: 2022-06-08 Expires: 2022-07-10

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Asset Manager

Standard Property Company Inc
Los Angeles, CA 90067

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