Trust Neighborhoods MINT Asset Manager Remote · Full time Company website

Apply for MINT Asset Manager

Trust Neighborhoods is a nonprofit dedicated to helping neighborhoods facing gentrification fight displacement and direct their own investment. Our team is motivated by reversing decades of unjust and racist disinvestment in our centrally-located neighborhoods and a belief that a different future for neighborhoods is possible, necessary, and urgent. Trust Neighborhoods works with existing neighborhood-based organizations across the US in communities at risk of gentrification and helps them secure affordable housing and retail before pricing pressure displaces renters. Core to Trust Neighborhoods’ work is creating the Mixed-Income Neighborhood Trust (MINT) model. Trust Neighborhoods supports neighborhood-based organizations in launching MINTs that use outside investment to buy, renovate, build, and manage high-quality, affordable rental housing and retail to preserve affordability, prevent displacement, and enable community governance.

About the role

The role begins with our Central Fresno Neighborhood Trust (CFNT), in partnership with Lowell CDC, and will grow to support MINTs across Trust Neighborhoods' national portfolio. You'll help develop the systems, practices, and standards that MINT partners will rely on for the long haul – and work directly alongside talented community organizations building real estate ownership capacity.

This is a full-time remote position requiring regular travel to Fresno (approximately monthly for 3-6 months), with flexibility evolving as the role and national portfolio grow. After the initial 3-6 months, travel will be required approximately every 4-6 weeks.

Why this role is different

Most asset management roles slot you into an established system with established answers. This one asks you to help build them — as part of a small team doing something that doesn't yet have a playbook.

MINTs are permanently affordable, community-governed real estate portfolios. That permanence is the point – and it's also the challenge. These portfolios need to be financially sustainable and operationally excellent not just today, but for decades. Getting the systems, practices, and standards right from the beginning matters enormously, and you'll have real influence over what those look like.

You'll work directly alongside a Senior Asset Manager, the broader Trust Neighborhoods team, and talented community-based organizations. And what you build in Fresno won't stay in Fresno – the approaches you help develop will scale to MINTs across the country as the network grows.

If you want a role where your work compounds – where the systems you put in place outlast the project, and the communities you work with are stronger for it – this is that role.

The MINT Asset Manager’s first major project will be supporting the stability and growth of Central Fresno Neighborhood Trust’s real estate portfolio. Specifically, in collaboration with the Lowell CDC team, this individual will:

Portfolio & Asset Management (MINT Model Stewardship)

• Monitor the existing small multifamily portfolio’s performance, cash flow, operating expenses, reserves, and compliance with nonprofit, public, and mission-driven requirements
• Ensure that the policies, procedures, and performance of the portfolio are in alignment with both financial objectives and the MINT model’s community-governance principles, including housing stability, equity, and long-term community benefit
• Work with Lowell CDC and Trust Neighborhoods staff to produce a business plan and feasibility analysis evaluating the possibility of transitioning to in-house property management

Capital Improvements & Value Creation

• Plan, budget, and oversee major capital improvement projects across the portfolio, ensuring capital investments are cost-effective and enhance:
• Long-term asset durability
• Resident quality of life
• Energy efficiency and sustainability where feasible
• Oversee general contractors and vendors, including relationship building, scope review, pricing, scheduling, and quality control

Acquisitions & Portfolio Growth

• Manage the acquisitions pipeline to grow the portfolio from 17 units to 50+ units in a mission-aligned manner
• Source and evaluate acquisition opportunities that support equitable housing and community development outcomes
• Perform financial underwriting, market analysis, and return modeling
• Lead due diligence (physical, financial, legal, and mission alignment)
• Negotiate purchase terms and support transaction closing activities
• Coordinate with brokers, lenders, attorneys, and public or philanthropic partners

Governance, Compliance & Reporting

• Propose, refine, and implement policies to guide the work of MINT, and apply any lessons learned to future iterations and other MINTs
• Work with Trust Neighborhoods staff to support administrative and governance functions related to:
• Funder compliance and reporting
• Ownership structures and documentation
• Insurance and risk management
• Prepare periodic financial and operational reports for leadership, boards, and stakeholders
• Maintain organized records related to leases, contracts, capital projects, and transactions

Over time the scope of this role will expand to include other existing and future MINTs, and lessons learned from the work in Fresno will inform our approach to preserving affordable housing around the country.

Experience and qualifications:

Required

• 5+ years of experience in multifamily asset management, property management, acquisitions, real estate operations, and/or community development 
• Strong financial analysis and underwriting capabilities
• Proven ability to manage and hold accountable third-party property managers, general contractors, and vendors
• Familiarity with governance, compliance, and reporting requirements in nonprofit or community development contexts
• Ability to operate independently in a hands-on, growth-stage organization
• Strong project management, negotiation, and organizational skills
• High organizational capacity and comfort managing multiple concurrent projects
• Ability to travel to Fresno monthly for a minimum of 3-6 months. After the initial 3-6 months, travel will be required approximately every 4-6 weeks.

Preferred

• Experience working with community-based organizations or mission-driven real estate
• Experience managing small to mid-size multifamily portfolios
• Experience with a variety of asset types and portfolios of varying sizes, ideally including scattered-site portfolios
• Understanding of common affordable housing funding structures and local regulatory environments
• Close proximity to Fresno (or the ability to travel to Fresno quickly and conveniently)
• Fluency in Spanish

Salary & logistics:

$80,000 (min.) – $115,000 (max.) commensurate with experience

Trust Neighborhoods provides a comprehensive benefits package including health, dental, and vision insurance; professional development stipend; flexible benefit stipend; and unlimited vacation policy.

Our values:

Trust neighborhoods

When in doubt, trust the neighborhood.  We are a service to the passion, creativity, and potential of residents, to neighborhoods being their best selves. We must be worthy of trust, through the quality of our work and actions.

Get proximate

We believe staying close to the issues we are trying to address and the people we want to support provides energy and insight.

Embrace learning for ourselves and others

Learning makes us better. From our failures. From our feedback. From a diversity of perspectives. From our curiosity.

Be intentional about process

Good process creates good. We evaluate ourselves based on the quality and equity of our processes, not just our outcomes.

Cultivate our playground

We take our work seriously, but not ourselves. We foster lightness and belonging alongside intense ambition. This breeds our creative and open culture, which produces good ideas.

Application process:

Please submit applications by Friday, May 22. Applications will be reviewed on a rolling basis.