Massachusetts-Based Affordable Housing Developer Involved in the Acquisition, Development & Real Estate Asset Management of LIHTC Properties. Real Estate Investor, real estate, affordable housing developer, affordable housing, real estate asset management, real estate.
What is real estate asset management?
This is a career within the real estate industry. In essence, an asset manager represents the interests of the third-party owner by implementing and managing the annual and long-term business plan. This would include the annual operating budget, capital improvements, marketing, real estate taxes, insurance, income taxes, regulatory agencies requirements and much more.
The types of ownerships with which the asset manager can represent is varied. From small entrepreneurial companies to non-profits to large corporations to trusts, the responsibility of the asset manager is very similar regardless of the ownership structure. To implement and manage the owner’s business plan. This could range from squeezing every penny of profit out of the property to reinvesting every penny to keeping the asset in top flight condition and everything in-between.
Asset Management is a very rewarding career. Having a background in accounting, banking, construction or architecture will be a plus. Learning more about this career in real estate is highly recommended.
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