Job Announcement 

Job Title:  Director of Property Assets

Reports to:  President & CEO

The Urban Land Conservancy (ULC) is a nonprofit real estate organization that improves metro Denver communities through real estate investment, development and preservation.  Since 2003, $68 million has been invested into 27 properties, creating a pipeline to develop and preserve 1000 affordable rental homes and 500,000 square feet of nonprofit facility space.

The focus of the Director of Property Assets is on the property as an investment and to make decisions that impact the property asset’s financial performance.

 

Responsibilities:

General

  • 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 and leasing agents to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals
  • Direct activities of asset department staff; personnel management
  • Negotiate third party contracts and manage third party vendor relationships
  • Manage cash flow, distributions, and capital improvement needs
  • Develop and distribute periodic asset management reports to leadership team and Board of Directors
  • Provide pre-acquisition input and assistance in due diligence process, including review of financial and operational assumptions, and supporting the effort of originating and negotiation of debt financing
  • Model full life cycle financial analysis for each asset from acquisition through disposition
  • Manage coordination of post-acquisition activities and integration of asset into the organization’s ownership portfolio
  • Oversee asset refinance and disposition process
  • Coordinate with other ULC departments to maintain effective communication

 

Asset Duties 

  • Oversee the leasing, marketing, operation, repair & maintenance of ULC real estate assets
  • Develop and implement comprehensive operating and maintenance standards for ULC properties
  • Create strategic business plan for each project with defined goals, objectives
  • Oversee contract negotiations and management for all service repairs and capital improvement projects
  • Ensure that all systems are in place to track work orders, and document any incidents that occur on ULC assets

 

Financial and Risk Management:

  • Monthly review of Financial Statements and Cash Flow reports
  • Manage annual property budgets and coordinate year-end budget reconciliation with Accounting
  • Oversee the creation and implementation of  multi-year capital improvement plan to address long-term maintenance and capital needs
  • Ensure appropriate risk mitigation measures are in place at all ULC assets properties
  • Oversee the implementation of property emergency protocols
  • Oversee insurance claims, as necessary
  • Advise supervisor  of issues that may jeopardize property operations and increase liability risk

 

Lease Management / Tenant Relations

  • Establish leasing guidelines and create standardized leasing procedures including standardization of forms and templates
  • Develop communications plans and/or community rules, as appropriate
  • Ensure all ULC standards are implemented at properties managed by third party management consultants

 

Project Management for Capital Projects  

  • Develop Project Team including architects, engineers, consultants, etc.
  • Define project scope and specifications with defined goals, objectives, budget and schedule
  • Manage all aspects of project contracts (budgets and schedules)
  • Ensure that federal, state and local requirements are adhered to, i.e., Davis-Bacon; Section 3, as required
  • Manage contractor bid/selection process; manage contract negotiations and implementation of contract terms
  • Prepare appropriate approvals through local governments, including permits, as necessary
  • Coordinate efforts with property management to outline construction strategy and communication protocols
  • Participate in regular Owner, Architect, Contractor (OAC) meetings; regularly inspect the work progress
  • Oversee monthly payment application process; reconcile project budget
  • Ensure work product satisfactorily complete/delivered and conforms to specifications
  • Ensure that all lien waivers, warranties, and operations manuals and are received and distributed to the proper ULC departments
  • Assist in securing grant funds to support capital project needs

 

Qualifications:

Qualified candidates should have a minimum of 5 years’ experience in commercial real estate analysis/asset management, construction, development, project management with an emphasis in community development, affordable housing or economic development.   In addition, we look for candidates with:

  • Proficient knowledge of Asset Management practices and policies
  • Solid analytical and organizational skills and ability to multi-task and lead a team
  • Ability to work independently and as part of a team
  • Proven ability to work in a dynamic organization managing numerous activities; ability to adapt to changing priorities
  • Proactive thinking with detail-oriented and creative problem-solving approach
  • Demonstrated experience to plan and complete capital projects
  • Knowledge of land and building acquisitions, redevelopment practices, new project development
  • Proficient in understanding of property management fundamentals, including contract negotiations, due diligence, financing/lending practices, financial pro forma modeling; working knowledge of spreadsheet applications, e.g., Excel
  • Demonstrated understanding of building systems
  • Must demonstrate a passion and commitment for community development, real estate, property management, tenant relations, economic development, ULC’s mission and supporting the nonprofit community
  • Must demonstrate a sensitivity in working with diverse populations
  • Nonprofit experience preferred
  • Knowledge of procedures to manage hazardous materials, i.e., ACM, LBP, etc.
  • General understanding of finance, including affordable housing financing models, e.g., 9% LIHTC, 4% PAB, FLHB AHP, Tax Exempt Bonds, HUD insured programs
  • Exceptional oral, written, and analytical communication skills with demonstrated ability to develop consensus among project team members and ULC staff
  • Highly developed verbal and written communication skills; ability to develop consensus among team members
  • Demonstrated organizational and leadership skills

 

Requirements:

  • Must pass a reference check
  • Must pass a criminal background check
  • Must be reliable, punctual, and demonstrate a good work ethic
  • Must have a valid driver’s license and reliable transportation
  • Must be able to remain in a stationary position for up 50% of scheduled work hours
  • Must be able to operate standard office equipment, copy machine, computer, printer
  • Must be able to analyze and interpret complex contracts and construction documents and exchange accurate information about various aspects of real estate development and/or construction
  • May be exposed to various weather conditions and uneven walking surfaces (including ascending and descending stairs) during the course of site visits and project activity
  • May be required to facilitate meeting discussions which require voice projection under various environmental conditions (e.g. construction trailers, construction sites, large meeting rooms)

 

Compensation:

  • Salary is competitive and commensurate with depth of experience and overall qualifications and based on ULC budget capacity
  • Benefits include 401(k) savings and investment plan; annual leave (vacation) and sick time; nine paid holidays, paid life insurance, AD&D and LTD insurance; STD insurance; health insurance, health care spending account, dependent care spending account

 

 

EQUAL EMPLOYMENT EMPLOYER:

ULC does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations.  These activities include, but are not limited to, hiring and firing of staff, selection of volunteers, selection of vendors, and provision of services

  • Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time
  • This job description is subject to change at any time

 

Application Process:

Interested individuals should send the following as a combined PDF

  • Resume
  • Cover letter
  • Three references
  • Salary history

Send above-requested documents to:

hrapplications@urbanlandc.org

Subject line:   Director of Property Assets

 

No phone calls, please

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