Rodney W. Brown
Vice President Asset Management @Dhic
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WORK HISTORY
Vice President Asset Management @Dhic
Raleigh-Durham, NC, US
Asset manage multifamily portfolio of + affordable rental units that are stabilized housing assets in 49 different locations in eight counties in North Carolina that consist of LIHTC, HUD, Rural Development and Mixed Income properties. Provide direct oversight on the financial, physical and business operating goals for the portfolio. Monitor performance of third party management companies and provide Owner Rep. guidance by working closely with onsite property managers and regional managers to meet/exceed double bottom line objectives. Authorize owner approvals for capital improvements and reserve withdrawals. Evaluate monthly and quarterly financial reports and implement corrective actions to resolve operating risk & liability concerns. Identify and structure refinance/recapitalization strategies to improve balance sheet position at property level and modernize/upgrade the physical conditions of aging multifamily properties. Manage and negotiate transfer of limited partner ownership in connection with LIHTC Y-15 exit/dissolution process.
EDUCATION
Hunter College
Master's Degree Urban Planning
John Jay College (CUNY)
Bachelor of Arts Degree, Public Administration
ABOUT RODNEY W. BROWN
Asset and portfolio management professional with strong communication skills, strategic planning and leadership to effectively problem-solve and maximize operating performance for a diverse multifamily portfolio. Work closely with property managers, regional managers to motivate and provide direction to ensure properties function at optimal levels financially, physically and in all business/service related aspects.
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