Director of Portfolio Investment

The role

The Director develops and executes recapitalization strategies for the property portfolio. This role leads a team of project and transaction managers to oversee financing, property rehabs, and portfolio investment plans.

What you will do

• Hire, train, and supervise personnel
• Develop and maintain short- and long-term portfolio recapitalization plans
• Evaluate potential projects and financing sources
• Supervise the preparation of funding applications and approve financing plans
• Lead or support financing closings and negotiations with lenders and investors
• Oversee project budgets, cost tracking, and schedules
• Partner with Construction Management to ensure capital improvements are completed
• Represent MidPen before public bodies and at public hearings
• Coordinate with internal stakeholders including Property Management and Services
• Ensure compliance with MidPen guidelines and reporting requirements

Required qualifications

• Graduate or Professional degree in Urban Planning, Community Development, Architecture, or related fields with an emphasis on real estate development or an equivalent combination of education and expe
• At least seven (7) years prior development experience
• Previous work experience managing personnel
• Thorough knowledge of federal, state, local, and private financing sources for low-income housing
• Knowledge of real estate and tax law related to affordable housing development
• Excellent written and oral communication, presentation, negotiation, and political judgment skills
• Strong organizational, project management, research, and financial analysis skills
• Ability to prepare feasibility analyses, narrative reports, proposals, and standard internal tax credit pro formas
• Familiarity with architectural and construction practices
• Demonstrated ability to oversee the design and construction of at least two low-income housing developments
• Ability to lead, develop, and guide direct reports
• Use Microsoft Excel, Word, PowerPoint, and Project

Benefits

• Health Insurance
• Dental, Vision, Life & Disability Insurance
• 403(b) Retirement Investment
• Employee Education Reimbursement Program
• Paid Parental Leave
• FSA for Childcare, Medical, and Commuter Benefits
• EAP Program
• Pet Insurance
• Paid Time Off
• Company Holidays
• Wellness Days

About the company

MidPen develops affordable housing, provides professional property management, and coordinates onsite support programs. They are active in 12 Northern California counties.