Asset Manager, Real Estate Transactions; Foster

Overview

About Mid Pen

At Mid Pen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.

We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs.

We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity. Mid Pen is, once again, proud to be certified as an official Great Place to Work® in 2025.

Location: Foster City Corporate Office

This is a hybrid position, currently requiring in-office work on Tuesdays, Wednesdays, and Thursdays, with reliable internet required for remote work.

The Asset Manager, Real Estate Transactions (AMRET) reports to the Associate Director of Asset Management, Real Estate Transactions and manages assigned projects within Mid Pen's stabilized portfolio. Responsibilities include property rehabilitations, loan modifications and refinancings, new HAP contracts, investor buyouts, and other capital transactions. The role works closely with internal teams and external partners to ensure effective coordination and execution.

• Support portfolio strategy by maintaining asset planning tools, identifying risks and opportunities, and developing long-term project pipelines.
• Monitor RFPs/NOFAs, energy incentives/grants, prepare funding applications, and assess project impacts on cash flow, compliance, rents, and capital needs.
• Lead project execution by coordinating document reviews, securing internal/external approvals, updating internal systems, and managing communication with stakeholders and site teams.
• Prepare and present materials for Board and Committee meetings; provide regular project updates to leadership.
• Manage all HAP contract activities, including applying for available funds, negotiating contract terms, and coordinating implementation with internal and external partners.
• Identify and execute refinancing and loan modification opportunities; evaluate properties for restructuring programs and lead approved financing processes through closing.
• Oversee property rehabilitation planning and execution, including budgeting, scheduling, contractor negotiations, adherence to building guidelines, and collection of warranties/O&M documentation.
• Coordinate capital improvement activities with Construction/Facilities teams to ensure projects meet scope, budget, and timeline expectations while securing eligible loan/grant draws and rebates.
• Manage investor buyouts by monitoring options and right of first refusals, coordinating with investors, preparing approval materials, documenting transactions, and supporting accounting requirements.

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education, knowledge, skill, and/or ability required.

• Proficiency using Excel, Word, and Outlook
• Ability to prepare financial feasibility analysis and strategic plans, conduct research, and prepare narrative reports and proposals
• Proven capability to analyze complex problems
• Excellent reading, written and verbal communication
• Ability to work in fast-moving, flexible environment and maintain priorities and project management skills
• Ability to prepare financial feasibility analysis, conduct research and prepare narrative reports and proposals
• Self-starter, minimal need for guidance from manager/supervisor
• Commitment…