About the roleThe role begins with our Central Fresno Neighborhood Trust (CFNT), in partnership with Lowell CDC, and will grow to support MINTs across Trust Neighborhoods' national portfolio. You'll help develop the systems, practices, and standards that MINT partners will rely on for the long haul and work directly alongside talented community organizations building real estate ownership capacity.This is a full-time remote position requiring regular travel to Fresno (approximately monthly for 3-6 months), with flexibility evolving as the role and national portfolio grow. After the initial 3-6 months, travel will be required approximately every 4-6 weeks.Why this role is differentMost asset management roles slot you into an established system with established answers. This one asks you to help build them as part of a small team doing something that doesn't yet have a playbook.MINTs are permanently affordable, community-governed real estate portfolios. That permanence is the point and it's also the challenge. These portfolios need to be financially sustainable and operationally excellent not just today, but for decades. Getting the systems, practices, and standards right from the beginning matters enormously, and you'll have real influence over what those look like.You'll work directly alongside a Senior Asset Manager, the broader Trust Neighborhoods team, and talented community-based organizations. And what you build in Fresno won't stay in Fresno the approaches you help develop will scale to MINTs across the country as the network grows.If you want a role where your work compounds where the systems you put in place outlast the project, and the communities you work with are stronger for it this is that role.The MINT Asset Managers first major project will be supporting the stability and growth of Central Fresno Neighborhood Trusts real estate portfolio. Specifically, in collaboration with the Lowell CDC team, this individual will:Portfolio & Asset Management (MINT Model Stewardship)Monitor the existing small multifamily portfolios performance, cash flow, operating expenses, reserves, and compliance with nonprofit, public, and mission-driven requirementsEnsure that the policies, procedures, and performance of the portfolio are in alignment with both financial objectives and the MINT models community-governance principles, including housing stability, equity, and long-term community benefitWork with Lowell CDC and Trust Neighborhoods staff to produce a business plan and feasibility analysis evaluating the possibility of transitioning to in-house property managementCapital Improvements & Value CreationPlan, budget, and oversee major capital improvement projects across the portfolio, ensuring capital investments are cost-effective and enhance:Long-term asset durabilityResident quality of lifeEnergy efficiency and sustainability where feasibleOversee general contractors and vendors, including relationship building, scope review, pricing, scheduling, and quality controlAcquisitions & Portfolio GrowthManage the acquisitions pipeline to grow the portfolio from 17 units to 50+ units in a mission-aligned mannerSource and evaluate acquisition opportunities that support equitable housing and community development outcomesPerform financial underwriting, market analysis, and return modelingLead due diligence (physical, financial, legal, and mission alignment)Negotiate purchase terms and support transaction closing activitiesCoordinate with brokers, lenders, attorneys, and public or philanthropic partnersGovernance, Compliance & ReportingPropose, refine, and implement policies to guide the work of MINT, and apply any lessons learned to future iterations and other MINTsWork with Trust Neighborhoods staff to support administrative and governance functions related to:Funder compliance and reportingOwnership structures and documentationInsurance and risk managementPrepare periodic financial and operational reports for leadership, boards, and stakeholdersMaintain organized records related to leases, contracts, capital projects, and transactionsOver time the scope of this role will expand to include other existing and future MINTs, and lessons learned from the work in Fresno will inform our approach to preserving affordable housing around the country.Experience and qualifications:Required5+ years of experience in multifamily asset management, property management, acquisitions, real estate operations, and/or community development Strong financial analysis and underwriting capabilitiesProven ability to manage and hold accountable third-party property managers, general contractors, and vendorsFamiliarity with governance, compliance, and reporting requirements in nonprofit or community development contextsAbility to operate independently in a hands-on, growth-stage organizationStrong project management, negotiation, and organizational skillsHigh organizational capacity and comfort managing multiple concurrent projectsAbility to travel to Fresno monthly for a minimum of 3-6 months. After the initial 3-6 months, travel will be required approximately every 4-6 weeks.PreferredExperience working with community-based organizations or mission-driven real estateExperience managing small to mid-size multifamily portfoliosExperience with a variety of asset types and portfolios of varying sizes, ideally including scattered-site portfoliosUnderstanding of common affordable housing funding structures and local regulatory environmentsClose proximity to Fresno (or the ability to travel to Fresno quickly and conveniently)Fluency in SpanishSalary & logistics:$80,000 (min.) $115,000 (max.) commensurate with experienceTrust Neighborhoods provides a comprehensive benefits package including health, dental, and vision insurance; professional development stipend; flexible benefit stipend; and unlimited vacation policy.Our values:Trust neighborhoodsWhen in doubt, trust the neighborhood. We are a service to the passion, creativity, and potential of residents, to neighborhoods being their best selves. We must be worthy of trust, through the quality of our work and actions.Get proximateWe believe staying close to the issues we are trying to address and the people we want to support provides energy and insight.Embrace learning for ourselves and othersLearning makes us better. From our failures. From our feedback. From a diversity of perspectives. From our curiosity.Be intentional about processGood process creates good. We evaluate ourselves based on the quality and equity of our processes, not just our outcomes.Cultivate our playgroundWe take our work seriously, but not ourselves. We foster lightness and belonging alongside intense ambition. This breeds our creative and open culture, which produces good ideas.Application process:Please submit applications by Friday, May 22. Applications will be reviewed on a rolling basis.
recblid 3n2rjhdz5hp730t1qg77phnll1gj7d
Not Specified
