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- Asset Management Essentials for Stabilized Multifamily Tax Credit Projects - Owner's Perspective on Managing Risk & Preserving Value - On-Demand
Asset Management Essentials for Stabilized Multifamily Tax Credit Projects - Owner's Perspective on Managing Risk & Preserving Value - On-Demand
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$99.00
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On-Demand Training
Original webcast aired May 23, 2017
Run time: 90 Minutes
Terms: Purchase of this training entitles Purchaser to unlimited viewings of the recorded original webcast for up to 14 days from date of purchase. The training video is not downloadable, but rather is viewable in MP4 format online at our GoToWebinar portal.
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 while asset management and property management share some common objectives, the two functions focus on multifamily rental housing through different lenses. If your organization’s 2017 business plan includes enhancing existing practices or perhaps establishing a long-overdue internal asset management function, this training 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 training 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 lifecycle phase (i.e. post-construction and lease-up) and offers a thoughtful framework for a robust asset management function.
Agenda
Contact Vinnie with questions about this training at vinnie@birchislandrec.com or 617-905-6340.
About the Presenters
Vinnie Viola is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 25 years’ experience, Mr. Viola has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices. In these roles, Mr. Viola participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Mr. Viola currently provides consulting services in connection with NeighborWorks America’s organizational assessments of charter member organizations, focusing on profitability and production of real estate development, asset management and property management lines of business.
Mr. Viola received his Bachelor of Arts in Geography with concentration in urban planning (magna cum laud) from the University of Massachusetts Boston and Master of Public Affairs from the University of Texas Dallas. He currently serves on NAHB’s Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board's Professional Development subcommittee.
Peter Desjardins serves as the Vice President of Asset Management for the Volunteers of America, one of the largest non-profit owners of affordable housing in the Country with 492 properties consisting of 19,809 units in 40 states. Asset Management represents the owner/sponsor interests in all housing properties sponsored/co-sponsored by Volunteers of America with the objective of ensuring that the housing properties are performing at optimal levels and in compliance with financial covenants, regulatory requirements and other reporting and filing requirements.
Mr. Desjardins comes to Volunteers of America from the Housing Opportunities Commission of Montgomery County, Maryland (HOC), a national leader in the development of affordable housing, where he served for over nine years in the Asset Management department. During his time with HOC, Mr. Desjardins was responsible for a $500 million portfolio of market rate and subsidized housing gaining significant experience in marketing as well as federal, state and local housing programs including Low Income Housing Tax Credits, Section 8 Housing Assistance Payments, Section 236 Interest Reduction Payments, Housing Choice Vouchers, and State and County grants. Prior to HOC, Mr. Desjardins worked for CRI, Inc. and EEA Realty as Asset Manager and Financial Analyst respectively, overseeing market rate as well as HUD subsidized housing.
Original webcast aired May 23, 2017
Run time: 90 Minutes
Terms: Purchase of this training entitles Purchaser to unlimited viewings of the recorded original webcast for up to 14 days from date of purchase. The training video is not downloadable, but rather is viewable in MP4 format online at our GoToWebinar portal.
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 while asset management and property management share some common objectives, the two functions focus on multifamily rental housing through different lenses. If your organization’s 2017 business plan includes enhancing existing practices or perhaps establishing a long-overdue internal asset management function, this training 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 training 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 lifecycle phase (i.e. post-construction and lease-up) and offers a thoughtful framework for a robust asset management function.
Agenda
- Introduction & Overview
- Transition Project from Development to Stabilized Lifecycle Phase
- Understand Underwriting & Budget Expectations & Assumptions
- Compile & Manage Key Project Documents
- Compliance with Regulatory Agreements
- Compliance with Contractual Documents
- Cull Out Key Project Milestones & Critical Events
- Analyze Financial Performance with Key Metrics
- Evaluate Property Management with Key Metrics
- Monitor Rental Market Conditions & Local Economy
- Assess Physical Condition & Capital Sources & Uses
- Memorialize Project/Partnership-Related Issues & Track Status
- Maintain Project-Specific Asset Management Plan
- Leverage Technology to Facilitate Asset Management Function
- Report to Internal & External Project Stakeholders
- Integrate Asset Management Planning into Your Organization’s Business Plan
Contact Vinnie with questions about this training at vinnie@birchislandrec.com or 617-905-6340.
About the Presenters
Vinnie Viola is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 25 years’ experience, Mr. Viola has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices. In these roles, Mr. Viola participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Mr. Viola currently provides consulting services in connection with NeighborWorks America’s organizational assessments of charter member organizations, focusing on profitability and production of real estate development, asset management and property management lines of business.
Mr. Viola received his Bachelor of Arts in Geography with concentration in urban planning (magna cum laud) from the University of Massachusetts Boston and Master of Public Affairs from the University of Texas Dallas. He currently serves on NAHB’s Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board's Professional Development subcommittee.
Peter Desjardins serves as the Vice President of Asset Management for the Volunteers of America, one of the largest non-profit owners of affordable housing in the Country with 492 properties consisting of 19,809 units in 40 states. Asset Management represents the owner/sponsor interests in all housing properties sponsored/co-sponsored by Volunteers of America with the objective of ensuring that the housing properties are performing at optimal levels and in compliance with financial covenants, regulatory requirements and other reporting and filing requirements.
Mr. Desjardins comes to Volunteers of America from the Housing Opportunities Commission of Montgomery County, Maryland (HOC), a national leader in the development of affordable housing, where he served for over nine years in the Asset Management department. During his time with HOC, Mr. Desjardins was responsible for a $500 million portfolio of market rate and subsidized housing gaining significant experience in marketing as well as federal, state and local housing programs including Low Income Housing Tax Credits, Section 8 Housing Assistance Payments, Section 236 Interest Reduction Payments, Housing Choice Vouchers, and State and County grants. Prior to HOC, Mr. Desjardins worked for CRI, Inc. and EEA Realty as Asset Manager and Financial Analyst respectively, overseeing market rate as well as HUD subsidized housing.