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Asset Management

Asset Manager for the Northeast Team in NYC

The National Equity Fund, Inc. (NEF), the largest non-profit syndicator of low-income housing tax credits, is seeking an Asset Manager for the Northeast Team in NYC. The Asset Manager will be responsible for all property and asset management issues from development of the investment proposal throughout the life of the lower tier partnership to ensure the continuous delivery of tax credit benefits and projected passive losses. Analyze financial feasibility of investment proposals from the standpoint of property and asset management. Coordinate with other Team members to review and analyze all transactional plans related to on-time delivery of units and long-term operating success.  Oversee the financial analyses, documentation, database maintenance and other work outputs of the asset analyst.  Continually assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions. Mentor Analyst in identifying, interpreting, evaluating and mitigating risks and issues.  Along with fellow team members, LISC and other intermediaries, duties also include establishing strong, productive working relationships with project sponsors, lenders, municipal and allocating agencies. Focus is needed on the continuous need to maintain project development files and project data.    

Asset Management

Effective management at the property and portfolio level is increasingly a critical value additive-function of the real estate process. This course focuses on best practices in asset management with an emphasis on processes for operations, cost controls, and tenant relations techniques.