Multifamily Asset Manager

Arc70 is seeking an experienced Multifamily Asset Manager to join its Portfolio Management team. Ideal candidates will have 5+ years of experience working in multifamily real estate asset management for a developer or operator and familiarity with affordable housing. This role will report to the firm’s Head of Portfolio Management.Arc70 is an investment management firm based in Burlingame, CA that is focused on financing affordable housing across the U.S. The firm has financed the preservation or creation of over 47,000 units of affordable housing since inception. Arc70 manages over $5.1 billion in affordable housing related investments and works with notable and sophisticated long-term investors. This is an exciting opportunity for qualified individuals to hit the ground running and contribute to the firm’s impact while working alongside highly accomplished principals and investors. This person will be a critical member of the team and will be involved in key aspects of the business.Primary ResponsibilitiesMonitor the portfolio’s assets and report financial performance and key metrics. Review financials and adjust reported resultsCommunicate with borrowers, servicers, and property managers to provide updates and recommendations to senior managementConduct site visits, provide critical updates and recommendations, and execute the turnaround and stabilization of asset operationsEvaluate capital expenditures prioritizing return on investmentsWork with the underwriting and investment team to transition to asset management and execute any post-closing plansMonitor the construction process and conversion of assets to stabilizationEnforce and execute lender remediesCreate a business plan for asset turnarounds and dispositionsReview receivers, property managers, and contractors to take control of properties and stabilize operations, establish deficiencies, and maximize collateral valueDrive efficiencies in operational costsSupport ongoing asset, portfolio, and risk management efforts across multiple fundsWork closely with senior management to drive continuous improvement initiativesQualifications5+ years of affordable housing asset management experience, ideally including operationally complex, transitional, or value-add assetsExperience with project-based Section 8, HUD programs, and LIHTC is strongly preferredStrong problem solving skills, resourceful, and comfortable operating with incomplete informationAbility to work autonomously and communicate wellAbility to travel to properties in Arc70’s portfolioStrong attention to detail and quantitative / financial modeling skillsWorks well in high pressure environments and adapts to various deadlines and deliverablesFluency in Excel/Powerpoint and property management software