President at Best Service Team

Providence, Rhode Island, United States -

Full Time

Start Date

Immediate

Expiry Date

28 May, 26

Salary

240000.0

Posted On

27 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Property Management, Affordable Housing, Section 8 Regulations, Assisted Living Operations, Commercial Real Estate Refinancing, Limited Partnership Structures, HUD Loans, LIHTC, Financial Modeling, Investor Relations, Stakeholder Management, Compliance, Organizational Performance, Mentorship, Syndication, HOTMA Compliance

Industry

Description

Description Section 8 Housing & Assisted Living Portfolio POSITION SUMMARY We are seeking an experienced President for a strategic transition role to lead our family-owned real estate management company. This is an ideal opportunity for an executive who wants to apply their expertise to a meaningful, high-impact assignment with flexible engagement terms (2–3-year initial commitment with potential to extend). Our portfolio includes 600 Section 8 housing units across 5 buildings, and a 60-unit assisted living facility. KEY RESPONSIBILITIES IMMEDIATE PRIORITIES (YEAR 1) Lead completion of ongoing syndication - coordinate with external partners, investors, and legal counsel and ensure ongoing compliance with HUD and RIH requirements. Oversee Management Company financial stability Assess and stabilize operations including compliance, across all properties EXECUTIVE LEADERSHIP Carry out the Board of Directors’ strategic vision Drive organizational performance Maintain strategic relationships with housing authorities and regulatory bodies Set operational standards and performance metrics across all properties Ensure compliance with HUD regulations, fair housing laws, and assisted living requirements Track and ensure compliance with deployment of HOTMA sections 102 and 104 Oversee Director of Operations in managing 608-unit portfolio Oversee Controller in handling Management Company budget and finances REAL ESTATE FINANCE & SYNDICATION Coordinate with external partners on refinancing negotiations with lenders Support syndication of new limited partnerships for building refinances Manage complex partnership structures and investor relations Position properties to maximize refinancing proceeds and investor returns LEADERSHIP TRANSITION & MENTORSHIP Evaluate and develop potential internal successor(s) in management company finances and re-syndication Transfer knowledge of refinancing cycles and partnership structures Ensure smooth transition of responsibilities over 2–3-year timeframe Requirements REQUIRED QUALIFICATIONS Experience: 10+ years in property management with affordable housing experience; multi-site management of 500+ units; understanding of Section 8 regulations and assisted living operations Real Estate Finance: Commercial real estate refinancing experience; understanding of limited partnership structures; knowledge of affordable housing financing (HUD loans, LIHTC); financial modeling and investor metrics Leadership: Proven ability to balance compliance with operational efficiency; experience with complex stakeholder relationships; strong communication with investors, regulators, and community partners Preferred: Track record of successful leadership transitions and mentoring successors; flexible regarding engagement timeline (2–3-year initial term with option to extend) COMPENSATION PACKAGE Base Salary: $180,000 - $240,000 (commensurate with experience) Performance Bonuses: Refinancing success bonuses (2-5% of proceeds above target); annual performance bonus based on NOI, occupancy, and compliance; transition completion bonus upon successful handoff Benefits: Davenport Associates, Ltd. offers a rich benefits package that includes, but is not limited to, medical, dental, vision, 401(K), Employee Assistance Programs, paid time off, paid holidays, paid training and tuition reimbursement Engagement: Initial 2–3-year commitment with flexible retirement timeline; potential consulting arrangement post-transition WHY THIS ROLE This transition leadership role offers immediate impact leading a critical syndication, the opportunity to build a legacy by shaping next-generation leadership, and flexibility with a defined initial term and option to extend. You'll partner with a committed family business invested in community impact while working on meaningful affordable housing operations serving vulnerable populations. Ideal for: An experienced executive who wants to apply their expertise to a focused, high-impact engagement with clear objectives and flexible timeline.

Responsibilities

The President will immediately focus on leading the completion of ongoing syndication, coordinating with partners and ensuring HUD compliance, while also assessing and stabilizing operations and financial stability across the entire property portfolio. Key executive duties include driving organizational performance, maintaining regulatory relationships, setting operational standards, and overseeing finance and operations directors.