Nuts and Bolts of Asset Management
2 DAY COURSE
Nuts and Bolts of Asset Management is a LISC class, also used extensively by NeighborWorks America and the Consortium for Housing and Asset Management (CHAM). The class is an interactive and highly participatory hands-on workshop designed for practitioners and board members with a wide range of professional experience. The curriculum was developed by LISC and is used as the introductory required class for the Certified Housing Asset Manager (CHAM) Certification. The session includes an overview of key property asset management concepts and theories and a review of the responsibilities of key asset management participants, including:
- Introduction to the double bottom line concept of affordable property ownership – the theory of steering properties toward both business and mission-based goals and outcomes.
- Review of the life stages of a property - review of key asset management functions and responsibilities through the various planning, construction, lease up, operational and disposition phases, with a focus on the critical interrelationship between these stages.
- Introduction and thorough review of property performance standards, including extensive basic numbers crunching designed to increase understanding of key performance indicators and their relationship to financial and operational health and long-term viability. Analysis of key performance standards includes revenue, occupancy, expense and financial ratios, trend projection analysis.
- Training on the review and analysis of property financial reports and property/partnership audits as well as best practices in tracking, measuring and assessing progress toward key operational and financial performance.
- The session includes numerous individual and group exercises and case study, including a half-day group case study of a property “workout” where participants will map out the recovery of a troubled property.
Jack Geary has over 35 years of asset management, property management and real estate development experience in the not-for-profit and public sectors. A former public housing resident, Geary is the retired director of operations for the Cambridge (MA) Housing Authority, and is the former director of management for the San Francisco Housing Authority, director of Urban Edge Property Management (Boston), and property manager and director of senior housing at Boston Housing Authority. Since 1994, Geary has worked as a consultant and trainer for various public housing authorities and nonprofit owners of affordable housing. His educational background includes Senior Executives in State and Local Government Program at Harvard University’s Kennedy School of Government, and a MS from the University of Massachusetts, John W. McCormack Institute for Public Management.