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  • The Asset Manager’s Guide to Action Plans

The Asset Manager’s Guide to Action Plans

  • January 13, 2021
  • Webinar

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The Asset Manager's Guide to Action Plans


Watch List properties are inevitable in the world of housing, but how you deal with those properties can help influence the success of your organization. One of the key pieces to help improve a watch list property is close oversight and a strong action plan. 

At the CHAM webinar on January 13, 2021, expert advice was shared on how an action plan is created and implemented by various partners in the affordable housing world. Whether an owner, or an asset manager for or a syndicator, lender or investor, the basic process is the same:

  • Start Early
  • Identify All Areas of Concern
  • Identify Underlying Issues
  • Make Projections
  • Implement Plan

Amin Irving from Ginosko Development Company and Kyle Culotta from Gorman & Company presented how a general partner oversees their affordable housing portfolio and how they address troubled properties. Mike Witt of Cinniare and Jordan Abboud of Midwest Housing Equity Group talked about how their organizations as syndicators use action plans to stabilize watch list properties and get them back on the path to success. Mark Lenhardt of JP Morgan will discussed watch list properties through the eyes of an investor and what things they key in on when reviewing their portfolio. 

Here are few resources that participants asked about:

  • For property performance benchmarks
AHIC produces best practices for the housing credit field, which are guidelines that are widely adopted by its members and partners in the affordable housing industry. Here are the Risk Rating Guidelines for Stabilized Projects.

CohnReznick’s Housing Tax Credit Investments: Investment and Operational Performance provides comprehensive data, analysis and insights into the latest performance trends observed across the surveyed portfolio, consisting of more than 21,000 properties financed with federal low-income housing tax credits. 

Presentation Slides

Webinar Recording


Moderator:


Ryan Robinson
Executive Vice President, Operations & Corporate Risk Management
Cinnaire


Speakers:


Jordan Abboud
VP of Asset Management
Midwest Housing Equity Group


Kyle Culotta
Director of Asset Management
Gorman & Company


Amin Irving
President & CEO
Ginosko Development Company


Mark Lenhardt
Executive Director
JP Morgan Tax Oriented Investments


Mike Witt
VP of Asset Management
Cinnaire



Questions? Email us at info@chamonline.org.


This webinar is free thanks to our sponsor!


 



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