Bear Real Estate Group
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REAL ESTATE ASSET MANAGER
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Bear Real Estate Group
DUTIES AND RESPONSIBILITIES
Serve as Owners representative for all multifamily properties that are manages by third-party property management companies. This property set includes properties that have HUD involvement by way of Section 8 housing assistance payment (“HAP”) contracts (i.e. RAD, PBRA, RAB PBV, project based Section 8) as well as state housing agency oversight through the low income tax credit (“LIHTC”) program.
Monitor outcomes of HUD and LIHTC reviews (e.g. MORs, NSPIRE inspections, and HUD/CA audits); ensure corrective actions are completed by management agents
Track and monitor all Section 8 HAP contracts for annual renewals to ensure timely action.
Oversee annual rent adjustment processes for Section 8 HAP contracts, ensuring the property management companies follow HUD protocols for rent increases, utility analyses, and utility allowance implementation.
Analyze operating performance versus approved operating budgets to identify risks or variances and escape concerns.
Collaborate with ownership and investors on HUD and LIHTC compliance and performance updates.
Oversee replacement reserve funding, replacement planning, and capital expenditure needs across sites.
Develop performance benchmarks and hold management companies accountable through scorecards, KPIs, and contract reviews.
Provide recommendations to ownership regarding property management company contract renewals, corrective actions, and performance issues.
Evaluate key performance indicators (KPIs), including occupancy, rent growth, expense control, and delinquency.
Benchmark performance against internal portfolios and industry standards.
QUALIFICATIONS
Ability to work collaboratively and independently on multiple projects.
Excellent interpersonal, written, and oral communication skills.
Ability to solve practical and complex problems by utilizing internal and external resources.
Advanced skills in Microsoft Excel and Real Page Asset Investment Management, Power Business Intelligence, or Revenue Management is a plus.
Bachelor’s degree in business, finance, real estate, or related field.
5+ years of experience in multifamily housing, with specific experience in LIHTC and HUD multifamily housing asset management.
Knowledge of HUD 4350.3, RAD PBRA/PBV, Section 8 programs, MORs, NSPIRE inspections, and HUD contract management (HAP/CHAP, rent adjustments, OCAF).
Experience overseeing or working with third-party management companies.
Strong financial analysis, reporting, and communication skills.
COS, HCCP, CPM, BOMS or similar industry certifications preferred.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Aff…
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REAL ESTATE ASSET MANAGER
role at
Bear Real Estate Group
DUTIES AND RESPONSIBILITIES
Serve as Owners representative for all multifamily properties that are manages by third-party property management companies. This property set includes properties that have HUD involvement by way of Section 8 housing assistance payment (“HAP”) contracts (i.e. RAD, PBRA, RAB PBV, project based Section 8) as well as state housing agency oversight through the low income tax credit (“LIHTC”) program.
Monitor outcomes of HUD and LIHTC reviews (e.g. MORs, NSPIRE inspections, and HUD/CA audits); ensure corrective actions are completed by management agents
Track and monitor all Section 8 HAP contracts for annual renewals to ensure timely action.
Oversee annual rent adjustment processes for Section 8 HAP contracts, ensuring the property management companies follow HUD protocols for rent increases, utility analyses, and utility allowance implementation.
Analyze operating performance versus approved operating budgets to identify risks or variances and escape concerns.
Collaborate with ownership and investors on HUD and LIHTC compliance and performance updates.
Oversee replacement reserve funding, replacement planning, and capital expenditure needs across sites.
Develop performance benchmarks and hold management companies accountable through scorecards, KPIs, and contract reviews.
Provide recommendations to ownership regarding property management company contract renewals, corrective actions, and performance issues.
Evaluate key performance indicators (KPIs), including occupancy, rent growth, expense control, and delinquency.
Benchmark performance against internal portfolios and industry standards.
QUALIFICATIONS
Ability to work collaboratively and independently on multiple projects.
Excellent interpersonal, written, and oral communication skills.
Ability to solve practical and complex problems by utilizing internal and external resources.
Advanced skills in Microsoft Excel and Real Page Asset Investment Management, Power Business Intelligence, or Revenue Management is a plus.
Bachelor’s degree in business, finance, real estate, or related field.
5+ years of experience in multifamily housing, with specific experience in LIHTC and HUD multifamily housing asset management.
Knowledge of HUD 4350.3, RAD PBRA/PBV, Section 8 programs, MORs, NSPIRE inspections, and HUD contract management (HAP/CHAP, rent adjustments, OCAF).
Experience overseeing or working with third-party management companies.
Strong financial analysis, reporting, and communication skills.
COS, HCCP, CPM, BOMS or similar industry certifications preferred.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Aff…
#J-18808-Ljbffr