Location: Nashville, TN (In-Office)
Industry: Private Equity | Affordable & Workforce Housing
About Our Client
Our client is a fast-growing, mission-driven private equity firm specializing in affordable housing. Since entering the LIHTC space in 2020, they have rapidly expanded their portfolio to 6,000 units across seven states and have a robust 10-year plan. They are seeking a Vice President of Asset Management to take ownership of portfolio performance, enhance operational efficiencies, and build a best-in-class asset management platform.
The Opportunity
The VP of Asset Management will be responsible for overseeing and optimizing a diverse multifamily portfolio, with a primary focus on LIHTC and workforce housing assets. This role will require a balance of strategic leadership and hands-on execution working across finance, operations, and third-party management to improve portfolio performance.
This is a high-impact role for a commercial real estate professional with deep experience in multifamily asset management, value creation strategies, team leadership, and portfolio oversight. The ideal candidate will be data-driven, process-oriented, and proactive in driving both top-down and bottom-up improvements across the platform.
Key Responsibilities
- Lead the asset management team (3 direct reports) to drive operational efficiency and ensure the portfolio meets financial and social impact objectives.
- Establish Standard Operating Procedures (SOPs), KPIs, and reporting cadences to create a structured, data-driven asset management function.
- Serve as the key liaison between lenders, limited partners (LPs), third-party property managers, and internal leadership to ensure alignment and performance accountability.
- Monitor and mitigate regulatory risks, loan covenant compliance, and financial underwriting assumptions.
- Work closely with regional property management firms to ensure execution of business plans and property-level improvements.
- Mentor and scale the asset management team, fostering a high-performance culture focused on execution, accountability, and continuous improvement.
Ideal Candidate Profile
- 10–15 years of commercial real estate experience with a focus on multifamily asset management, specific to affordable housing.
- Background in LIHTC, HUD financing, tax-credit equity structures, and debt financing strategies.
- Strong leadership skills with experience managing and scaling an asset management team.
- Process-driven, highly organized, and data-savvy, with an ability to push key insights to senior leadership.
- Open to ~15% travel
Why Join?
- Impactful Mission: Play a key leadership role in tackling the housing affordability crisis through strategic asset management.
- Entrepreneurial Culture: Work in a nimble, hands-on environment where leadership values strategic thinking and execution.
- Competitive Market Position: Join a firm that combines institutional expertise with a high-growth mindset in the affordable housing sector.
- Location Advantage: Based in Nashville, TN – a dynamic market with no state income tax and a strong real estate investment landscape.