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About the Role
Serve as a strong partner in protecting and improving the long-term financial performance, physical condition, and value of new and existing real estate properties. Provide oversight of a 3-property affordable housing portfolio, capital project support, and contribute to due diligence for new developments, redevelopment, and affiliations in affordable housing and continuing care retirement communities (CCRCs).
Responsibilities
- Act as the primary liaison with the Affordable Communities property management provider.
- Foster strong relationships with residents, team members, and key stakeholders in partnership with the VP of Community Services.
- Provide concise reporting and recommendations to executive leadership on operational, financial, and compliance metrics, identifying risks, corrective actions, and goals.
- Guide annual budgeting, review monthly financial results, monitor occupancy and delinquency trends, and oversee reserves for asset sustainability.
- Oversee compliance with management agreements, LIHTC, PBV/Section 8, welfare tax exemption requirements, and other regulatory obligations, ensuring timely reporting and resolution of findings.
- Provide oversight of re-syndication planning, tax credit compliance, capital account monitoring, rent optimization, reserve utilization, and investor exit or partnership restructuring.
- Ensure General Partner obligations are fulfilled and stay aware of legislative and policy developments affecting portfolio operations, financing, or compliance.
- Support due diligence efforts for new developments and affiliations for affordable and continuing care retirement communities in partnership with the Chief Business Development Officer.
- Assist in evaluating prospective development, redevelopment, and affiliation opportunities, including market analysis, financial feasibility, operational considerations, and mission alignment.
- Coordinate with internal and external stakeholders to gather and synthesize information for investment, partnership, and affiliation decision-making.
- Provide support in assessing project risks, opportunities, and strategic fit, and prepare recommendations for executive leadership and the Board.
- Analyze purchase options and capital projects for Sequoia Living locations in partnership with the VP of Facilities.
- Initiate conversations about investments needed to preserve and improve the physical condition of Sequoia Living communities and assets.
- Collaborate with Legal, Risk Management, and internal stakeholders to support insurance compliance and ensure coverage requirements are met.
- Engage in obtaining physical needs assessments every five years, including health and safety issues.
- Conduct periodic site visits to assess property conditions and risks.
- Review scopes, budgets, and execution of capital work.
Requirements
- 7+ years of experience in affordable housing asset management, real estate portfolio management, housing finance, or development.
- Knowledge of LIHTC, PBV, Section 8, regulatory compliance, partnership structures, and reserve management.
- Strong financial analysis skills, including budgeting, forecasting, financial reporting, occupancy, delinquency, and cash-flow analysis.
- Experience overseeing third-party property management providers and evaluating portfolio performance.
- Experience with capital planning, physical needs assessments, project budgets, and property-risk evaluation.
- Ability to support development, redevelopment, acquisition, or affiliation due diligence.
- Strong project management, problem-solving, communication, and stakeholder-management skills.
- Proficiency with Microsoft Excel and relevant property management or financial reporting systems.
- Bachelor’s degree in real estate, finance, business, accounting, or a related field—or equivalent experience.
- Ability to travel to Sequoia Living locations in Northern California.
- Experience with senior housing, nonprofit real estate, re-syndication, refinancing, or LIHTC investor exits is preferred.
Skills
- LIHTC
- PBV
- Section 8
- Regulatory compliance
- Partnership structures
- Reserve management
- Financial analysis
- Budgeting
- Forecasting
- Financial reporting
- Occupancy analysis
- Delinquency analysis
- Cash-flow analysis
- Portfolio performance evaluation
- Capital planning
- Physical needs assessments
- Project budgets
- Property-risk evaluation
- Development due diligence
- Redevelopment due diligence
- Acquisition due diligence
- Affiliation due diligence
- Project management
- Problem-solving
- Communication
- Stakeholder management
- Microsoft Excel
- Property management systems
- Financial reporting systems
- Senior housing
- Nonprofit real estate
- Re-syndication
- Refinancing
- LIHTC investor exits
Location
- Northern California
Work Type
- 30 hours/week
- Full-time
Experience Level
- 7+ years
Education Level
- Bachelor’s degree in real estate, finance, business, accounting, or a related field—or equivalent experience.
Salary/Compensations
- $130k - $145k/year
Benefits
- Employer-paid medical, dental & vision (for those working >30 hrs/week)
- 18 days PTO + 8 holidays (for those working >30 hrs/week)
- 403(b) with employer contribution (for those working >30 hrs/week)
- Tuition assistance (for those working >30 hrs/week)
- Referral bonuses (for those working >30 hrs/week)
- Employee discounts (for those working >30 hrs/week)
- Growth opportunities (for those working >30 hrs/week)
About the Company
- Founded in 1958, Sequoia Living is a Bay Area-based nonprofit provider of senior housing operating seven communities across the Bay Area.
- Operates three affordable housing properties (~600 units) financed through LIHTC, Project-Based Vouchers (PBV), Section 8, and other subsidies.
- Operates four Continuing Care Retirement Communities and a senior center.
Equal Opportunity
- Sequoia Living is an Equal Employment Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status.
- In compliance with the Americans with Disabilities Act, Sequoia Living will provide reasonable accommodations to qualified individuals with disabilities and encourage prospective employees to discuss potential accommodations with the employer.
- Pursuant to the San Francisco Fair Chance Ordinance, we may consider for employment qualified applicants with arrest and conviction records.