MINT Asset Manager

Overview

Trust Neighborhoods is seeking a MINT Asset Manager to strengthen and optimize performance across the Central Fresno Neighborhood Trust ("CFNT"). The asset manager will work directly with Lowell Community Development Corporation (Lowell CDC) under a six-month contract. Lowell CDC is a community-based organization with a mission to improve the quality of life in the Lowell neighborhood through community engagement, equitable housing, and historic diversity.

Lowell CDC is the majority owner and general manager of the Central Fresno Neighborhood Trust (CFNT). This role would be the first of its kind, providing direct asset management support on the ground for a MINT. This role reports to the Senior Asset Manager and works closely across the entire MINT team.

• Responsible for end-to-end oversight of CFNT’s real estate portfolio, balancing financial performance, operational excellence, and mission alignment.
• Serve as the day-to-day Trust Neighborhoods’ representative across asset management, property management, acquisitions, capital improvements, and third-party oversight, while advancing Lowell CDC’s community development mission.
• The position will require in-person work in Fresno, CA for a period of 6 months with a potential opportunity to extend and transition to remote work.

Any candidate must be based in or around Fresno, CA, as this role is expected to travel to Fresno at least three times a week. Specifically, in collaboration with the Lowell CDC team, this individual will:

• Oversee the day-to-day performance of the existing small multifamily portfolio in alignment with both financial objectives and the MINT model’s community-governance principles.
• Ensure properties are operated in a manner that supports housing stability, equity, and long-term community benefit.
• Monitor asset performance, cash flow, operating expenses, reserves, and compliance with nonprofit, public, and mission-driven requirements.
• Work with Lowell CDC and Trust Neighborhoods staff to produce a business plan and feasibility analysis evaluating a process for transitioning to in-house property management.

• Plan, budget, and oversee major capital improvement projects across the portfolio, ensuring capital investments are cost-effective and enhance:
  • Long-term asset durability
  • Resident quality of life
  • Energy efficiency and sustainability where feasible

• Manage and evaluate the third-party property manager, who is responsible for day-to-day operations and leasing.
• Oversee general contractors and vendors, including relationship building, scope review, pricing, scheduling, and quality control.

• Manage the acquisitions pipeline to grow the portfolio from 17 units to 50+ units in a mission-aligned manner.
• Source and evaluate acquisition opportunities that support equitable housing and community development outcomes.
• Perform financial underwriting, market analysis, and return modeling.
• Lead due diligence (physical, financial, legal, and mission alignment).
• Negotiate purchase terms and support transaction closing activities.
• Coordinate with brokers, lenders, attorneys, and public or philanthropic partners.

• Work with Trust Neighborhoods staff to support administrative and governance functions related to:
  • Funder compliance and reporting.
  • Ownership structures and documentation.
  • Insurance and risk management.
• Prepare periodic financial and operational reports for leadership, boards, and stakeholders.
• Maintain organized records related to leases, contracts, capital projects, and transactions.

Required

• Based in Fresno, CA, or ability to travel to Fresno 3+ days per week.
• 5+ years of experience in multifamily asset management, property management, acquisitions, real estate operations, and/or community development.
• Experience managing small to mid-size multifamily portfolios preferred.
• Strong financial analysis and underwriting capabilities.
• Proven ability to manage and hold accountable third-party property managers,…