Regional Property Manager

3 days ago

Evanston, Illinois, United States Macdonald & Company Full time

Job Summary:

Macdonald & Company is seeking a seasoned Regional Property Manager to join their team as an Asset Manager in their group. The ideal candidate will have a strong background in property management, financial analysis, and insurance management.

About the Role:

The Regional Property Manager will be responsible for overseeing a portfolio of 11,000 affordable rental housing units valued at over $1.3 billion, spanning sixteen states and the District of Columbia. The role offers a hybrid work schedule (two days from home, three days in office) each week.

Key Responsibilities:

  • Collaborate closely with property management companies, regulatory agencies, investors, and other stakeholders to ensure the successful operation and sustainability of the housing portfolio.
  • Oversee third-party property management across a diverse range of property types, including multifamily, single-family, and commercial developments.
  • Manage and maintain all insurance coverages, identifying and mitigating risks effectively.
  • Analyze and review financial aspects, including budgets, monthly financials, reserves, escrows, and distributions for the assigned property portfolio.
  • Conduct property inspections to ensure that developments are in excellent physical condition, with occasional travel to various regions across the U.S.
  • Oversee and coordinate lease-ups at buildings, ensuring that all leasing goals are met.
  • Maintain an in-depth knowledge of affordable housing programs such as Low-Income Housing Tax Credits, CDBG, HOME, and other local or federal programs, ensuring compliance by third-party management companies with HUD policies.
  • Utilize creative problem-solving skills to troubleshoot operational issues.
  • Assist the development and finance teams with the acquisition, disposition, or recapitalization of housing assets.
  • Implement strategies to maximize the value and efficiency of assets within the portfolio.
  • Review and approve major operational decisions, including maintenance, capital improvements, and vendor contracts.
  • Address investor inquiries and concerns regarding property performance.

Requirements:

  • Bachelor's degree in real estate, finance, business administration, urban planning, or a related field. Equivalent experience in affordable housing (3-5 years) may also be considered.
  • Demonstrated experience in property management, financial analysis, insurance management, property maintenance, and affordable housing compliance.

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