Overview

CPP is seeking a highly motivated Assistant Asset Preservation Manager to join our growing team. This mid-level role plays a vital part in preserving and enhancing the physical integrity of our affordable housing communities. The primary responsibility will be to conduct in-depth site walks of multifamily properties across the country, assessing building and unit conditions, identifying capital needs, and evaluating how well the property management company is maintaining the asset.

This individual will also monitor resident satisfaction, observe site presentation and curb appeal, and track local market conditions and competitors. The findings will contribute to the development of 5-year capital planning forecasts and ongoing property performance reviews. This position requires significant nationwide travel and reports to the Irvine, California office when not in the field.

Main Position Responsibilities

• Conduct comprehensive physical inspections of buildings, common areas, and unit interiors to assess current conditions.
• Identify deferred maintenance and forecast capital needs over a five-year horizon.
• Prepare detailed capital planning reports with recommendations for budgeting and strategic planning.
• Evaluate the quality of maintenance performed by third-party property management teams.
• Observe site cleanliness, landscaping, amenities, and overall curb appeal.

Secondary Position Responsibilities (To be used during slow times in construction schedule)

• Engage with residents when possible to gauge satisfaction and identify concerns.
• Monitor local competitor properties and report on market trends.
• Coordinate findings with internal asset management, construction, and development teams.
• Submit timely, well-documented inspection reports and recommendations.

Qualifications

• Minimum 3 years of experience in multifamily housing, construction, maintenance, or property inspections.
• Familiarity with capital planning and building systems including roofing, HVAC, plumbing, electrical, and exterior site conditions.
• Excellent observation, reporting, and communication skills.
• Professional demeanor and ability to interact effectively with on-site staff and residents.
• Willingness and ability to travel up to 80% of the time nationwide.
• Proficiency in Microsoft Office and mobile inspection/reporting tools.
• Working knowledge of HUD, LIHTC, or other affordable housing regulations preferred.

Education and Experience

• Bachelor’s degree in a related field is a plus but not required, emphasis on engineering, architecture, or construction management.
• At least 3 years of experience in real estate, focused on construction, architecture, renovations, engineering, asset management or related discipline.
• Hands on construction preferred or comparable experience as an Asset Manager.

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.

Benefits and Opportunities

• WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
• WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate’s work experience and other job-related factors will also be considered.

To apply visit this link: https://wncinc.bamboohr.com/careers/85

Overview

The Asset Manager (AM) oversees a portfolio of affordable housing properties, acting in the capacity of a relationship manager, decision maker and problem solver. The AM reports to the Director of Asset Management and works closely with other departments within the company. The AM will conduct review and financial analysis; schedule and execute site visits and work closely with respective partners and property managers to ensure long-term viability of the asset. The AM will work to enhance CPP’s relations with vendors, partners and investors. The AM will also be responsible for asset management concerns from development through the sale or disposition of the asset, to ensure the delivery of appropriate tax credits, increase cash flow while also preserving the asset.

Position Responsibilities

• Oversee a portfolio of approximately (25) assets, including tax credit, HUD, Bond, HOME and Rural Development properties. Asset Manager will be the point person for the management company in their portfolio.
• Work closely with staff to analyze and report on financial performance; monitor budgets (comparing to actuals) and reviewing occupancy levels (rent rolls) as necessary, or in the case of concern properties, on a monthly basis, according to specified benchmarks. Monitor overall operational performance.
• Review and approve annual budgets for reasonableness upon submission by the management companies.
• Review and approve reserve withdrawals and track the balances in the reserve accounts.
• Evaluate the management companies’ performance on a quarterly, annual or as needed basis.
• Develop an “Action Plan” in conjunction with the other key partners or property management for concern properties, monitoring effectiveness of the “Action Plan” on a monthly or more frequent basis.
• Conduct all the required site visits. Concern properties must be visited more regularly.
• Review partnership agreements, regulatory agreements, financing documents and other sources to determine financing structures and constraints, as needed.
• Ascertain and work to resolve problems through collaboration with partners, property managers, lenders, and governmental/regulatory entities.
• Analyze monthly, quarterly and year-end financial statements, as needed.
• Review year-end financial audits.
• Conduct annual calculation and collection of the Return-to-Owner (RTO).
• Complete special projects assignments that are communicated to the AM by the Department.
• Participate in portfolio review discussion within the department, stakeholders or management company.

Qualifications

• Three to five years of experience in multifamily housing as a financial analyst, regional manager or as an asset manager.
• Candidate must have strong financial analytics skills.
• Must have a general understanding of Low-Income Housing Tax Credit (LIHTC) and HUD experience. Rural Development experience preferred, but not required.
• Knowledge of multifamily real estate operations.
• Must have strong computer skills and thorough knowledge of Outlook, MS Word, MS Access and Excel.
• Must have excellent communication and organizational skills for communication with partners, property management companies and other team members.
• Must have the ability to multitask and work in a fast-paced environment.
• Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Work closely with third-party property managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
• Negotiate third-party contracts.
• Manage cash flow, distribution analysis and investment projections, if applicable.

Education

• Bachelor’s degree in real estate, finance, accounting, or related subject.
• Or, comparable experience as an asset manager.
  

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.

Benefits and Opportunities

WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate’s work experience and other job-related factors will also be considered.

To apply, visit this link: https://wncinc.bamboohr.com/careers/90

Overview

The Asset Manager II (AM II) oversees a portfolio of high-risk and workout affordable housing properties, serving as a relationship manager, decision maker, and problem solver. The AM II reports directly to the Vice President of Asset Management and collaborates closely with other internal departments.

In this role, the AM II is responsible for developing and implementing comprehensive workout plans through resolution, ensuring strategies are designed to preserve value and restore financial and operational stability. The AM II will prepare and present these plans in committee meetings, providing analysis, recommendations, and progress updates to leadership.

Key responsibilities include conducting detailed reviews and financial analyses, scheduling and executing site visits, and working closely with joint venture partners, lenders, and property managers to drive performance and long-term viability of the assets. The AM II will also focus on enhancing CPP’s relationships with vendors, partners, and investors, while managing asset-level concerns from development through sale or disposition.

The AM II plays a critical role in ensuring the delivery of appropriate tax credits, optimizing cash flow, and safeguarding the integrity and value of CPP’s portfolio.

Position Responsibilities

• Manage a portfolio of approximately 15 assets, including Tax Credit, HUD, Bond, HOME, and Rural Development properties. Serve as the primary point of contact for the assigned management companies.
• Oversee financial and operational performance by monitoring budgets vs. actuals, occupancy levels, rent rolls, and monthly/quarterly/annual financial statements; review and approve annual budgets, reserve withdrawals, and year-end audits.
• Develop and implement Action Plans for high-risk properties in collaboration with partners and property management, tracking effectiveness on an ongoing basis.
• Conduct required site visits, with greater frequency for high-risk properties, and provide follow-up reporting to ensure compliance and progress.
• Evaluate management company performance and provide feedback on a quarterly, annual, or as-needed basis.
• Review governing agreements, financing documents, and regulatory requirements to assess structures, obligations, and constraints.
• Identify and resolve issues by collaborating with partners, property managers, lenders, and governmental/regulatory entities.
• Calculate and collect the annual Return-to-Owner (RTO).
• Participate in portfolio review discussions with internal teams, stakeholders, and management companies.
• Complete special projects and assignments as directed by the department.

Qualifications

• Minimum of five years’ experience in multifamily housing, with direct asset management responsibility.
• Strong financial and analytical skills, with the ability to evaluate property performance, cash flow, distributions, and investment projections.
• Working knowledge of Low-Income Housing Tax Credit (LIHTC) and HUD programs; Rural Development experience preferred but not required.
• Solid understanding of multifamily real estate operations, including budgeting, forecasting, and leasing practices.
• Proficiency in Microsoft Office applications (Outlook, Word, Access, and Excel) with the ability to prepare detailed financial reports and analyses.
• Excellent communication, organizational, and interpersonal skills for collaboration with partners, property management companies, and internal teams.
• Ability to manage multiple priorities in a fast-paced environment.
• Partner with third-party property managers to direct and oversee business plans, budgets, forecasts, and approvals, ensuring alignment with ownership goals.
• Negotiate third-party contracts and monitor execution.
• Maximize total return for each asset by analyzing efficiencies and identifying opportunities for improved performance.

Education

• Bachelor’s degree in real estate, finance, accounting, or related subject.
• Or, comparable experience as an asset manager.

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.

Benefits and Opportunities

WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate’s work experience and other job-related factors will also be considered.

To apply, visit this link: https://wncinc.bamboohr.com/careers/91

Overview

The Asset Manager (AM) is responsible for overseeing a portfolio of affordable housing properties in the construction and rehabilitation phase. Acting as a relationship manager, decision maker, and problem solver, the AM ensures each property is positioned for long-term success.

Reporting directly to the Director of Asset Management, the AM works closely with internal departments, external partners, and third-party property management teams. The role involves conducting financial reviews and analyses, scheduling and attending site visits to monitor progress and compliance, and collaborating with joint venture partners, lenders, and property managers to support stabilization and operational viability.

This position requires a proactive approach, strong analytical skills, and the ability to balance financial performance with mission-driven outcomes to secure the long-term viability of each asset.  

Position Responsibilities

• Oversee a portfolio of affordable assets, including Low-Income Housing Tax Credit, HUD, Tax Exempt Bond, HOME, and Rural Development properties in the construction/rehab phase. Asset Manager will be the point person for third-party management companies within their portfolio.
• Work closely with colleagues to analyze monthly financial reports, monitor budgets (compared to actuals), and review rent rolls. Monitor overall operational performance.
• Work with Compliance to make sure tax credit delivery meets investor requirements.
• Review and approve annual budgets for reasonableness upon submission by management companies.
• Evaluate performance of management companies on a quarterly, annual, or as-needed basis.
• Develop an “Action Plan” in conjunction with the other key partners or property management for concern/watch list properties, monitoring the effectiveness of the “Action Plan” on a monthly or more frequent basis.
• Conduct all required site visits. Concerned and watch list properties may require more frequent site visits.
  Review partnership agreements, regulatory agreements, financing documents, and other sources to determine financing structures and constraints, as needed.
• Ascertain and work to resolve problems through collaboration with partners, property managers, lenders, and governmental/regulatory entities.
• Review year-end financial audits.
• Complete special projects assignments that are communicated to the AM by the department.
• Participate in portfolio review discussions within the department, stakeholders, or management company.

Qualifications

• The ability to understand technical reports, including but not limited to appraisals and limited partnership agreements, during the construction phase.
• Must have strong financial analysis, verbal, and written communication skills
• Must have strong computer skills and thorough knowledge of Outlook, Excel, and Word.
• Ability to multitask and manage multiple priorities.
• Ability to discuss critical paths, complex schedules, and related matters with internal and external stakeholders.
• Work closely with third-party property managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis, and approvals.
• Must have an understanding of Low-Income Housing Tax Credit (LIHTC) and HUD experience.
• Knowledge of multifamily real estate operations.
• Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Manage cash flow, distribution analysis, and investment projections, if applicable.

Education and Experience

• Bachelor’s degree in real estate, finance, accounting, or related subjects.
• 3-5 years of experience in a real estate development or asset management related field.
• Experience with Low-Income Housing Tax Credit industry is preferred.

The above information is intended to describe the general nature and level of work being performed by employees assigned to this job.  It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.

Benefits and Opportunities

WNC is an equal opportunity employer that is committed to a diverse and inclusive workforce that considers all qualified applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

WNC offers a competitive benefits package which includes medical, dental, and vision insurance, paid time-off, 401k match, life insurance, and long-term disability.

The compensation listed represents the expected salary for this position. A candidate’s work experience and other job-related factors will also be considered.

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