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Enterprise Community Partners, Inc. Sr. Asset Manager, Real Estate Equity in Seattle, Washington

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with anexceptional benefits package. Job Description Summary The Senior Asset Manager, Real Estate Equity will oversee a portfolio of restricted affordable housing (LIHTC, Section 8, etc.) and unrestricted workforce housing investments associated with the Real Estate Equity funds through site visits, in-depth financial review, and problem resolution/workouts (as needed) to ensure execution of underwritten business plans. The position will also provide support for advanced problem-solving function for the Real Estate Equity team as investment business plans change over time and require modification, as well as leading the disposition efforts for each fund investment. The principal goal is to maintain the viability, quality and affordability of Real Estate Equity fund investments while protecting the interests of fund investors meeting or exceeding fund investor returns. Job Description Essential: Manage real estate portfolio of approximately 15 - 20 properties for which Enterprise provides asset management for Real Estate Equity funds. Identify, communicate and work to mitigate risks/problems via reporting tools and information gained through communications with General Partners/Sponsors, property managers, and via on-site visits. Review, analyze and evaluate monthly property performance as compared to proforma and budget, and provide regular feedback and recommendations both externally to General Partners/Sponsors and investors and internally to Real Estate Equity team. Work closely with General Partners/Sponsors, funders, and regulatory agencies to execute underwritten business plans and coordinate efforts with each to modify business plans, as necessary, including but not limited to removal of property management firms, removal of General Partner entities, restructuring debt and accelerating disposition timelines. Negotiate problem resolution/workout strategies with general partners, lenders, and public-sector entities, as necessary. Conduct project site visits, review property management systems, review organizational systems and provide technical assistance, as necessary. Evaluate past and forecast future property performance, and performance of Sponsors and management agents. Author disposition memos and refinance analyses, working with Vice President Asset Management to garner feedback and approvals. Actively support the portfolio implementation of Enterprise's strategic plan, ESG priorities and fund specific and/or investment-specific business plans which include but are not limited to monitoring of rent and household income affordability, climate risk mitigation strategies such as green retrofits and utility performance/benchmarking, implementation of social service plans, implementation of health action plans, renter wealth creation strategies and resident credit reporting. Proactively look for ways to implement or better ma

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