Webinar: Asset Management Essentials for Stabilized Multifamily Tax Credit Projects - Owner's Perspective on Managing Risk & Preserving Value
About This Training
Asset management of affordable rental housing is an essential and critical, but sometimes underappreciated or simply undeveloped function, within real estate developer organizations. Many owners recognize that asset management, while sharing some common goals with property management, is not synonymous with property management. If your organization’s 2017 business plan includes enhancing existing practices or perhaps establishing a long-overdue internal asset management function, this webcast is for you.
Join Vinnie Viola, Principal of Birch Island Real Estate Consulting, LLC, and special guest Peter Desjardins, Director of Asset Management at Volunteers of America, for a 90-minute webcast that examines essential multifamily asset management functions and practices. Mr. Viola brings a seasoned tax credit asset manager’s perspective to the training, while Mr. Desjardins offers insights through the lens of the developer. Topics range from reasons to get into the weeds with certain properties to monitoring portfolio operations from 50,000 feet above sea level. The training focuses on properties in stabilized life cycle phase (i.e. post-construction and lease-up) and offers a thoughtful framework in which owners can a robust asset management function. Webcast attendees can participate in a series of engaging onscreen polls and submit questions for real-time discussion.
- Identify Property Specific Objectives and Governing Documents
- Analyze Real Estate Operations – Reality vs Underwriting
- Assess Property Management Performance
- Evaluate Rental Market Risk
- Asset Physical Condition & Capital Planning
- Track Project Milestones & Critical Event Dates
- Implement Risk Rating System & Watch List Criteria
- Manage Fundamental Data & Project Documents
- Report to Stakeholders & Funders
- Create & Update Project-Specific Asset Management Plans
- Integrate Asset Management Function into Your Organization’s Business Plan
Is This Training for Me
This intermediate-level training is intended for staff charged with enhancing existing asset management practices or developing and implementing new policies and procedures that facilitate real estate owned (REO) oversight, planning and decision making.
- Multifamily owners & developers
- CFOs and COOs with multifamily housing portfolios and responsibilities
- Tax Credit asset managers & analysts within developer and syndicator organizations
- CDC board members
- Others interested in learning about multifamily asset management best practices.