Asset Management with April and Miranda - The Developers Perspective on AM

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM).

In this month’s podcast, April and Miranda invite Joseph Hankes, Senior Asset Manager for the Wisconsin Housing Preservation Corp. to talk about asset management from the developer's perspective. As a senior asset manager, Joseph is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for WHPC, the largest owner of affordable rental housing in the State of Wisconsin.

In this podcast, you’ll learn about:     •    The importance of collaboration between the asset management team and the development team, particularly in the early stages of development     •    What to consider when assessing risk levels from the construction phase through lease-up     •    What demarcates the construction phase from the lease-up phase     •    The importance of monitoring actual outcomes vs. projections to ensure compliance, particularly in the first year.     •    How to develop contingency plans if compliance is endangered     •    And how a Tik Tok challenge sparked an asset management crisis.

On the next episode of AM with A&M, April and Miranda will discuss emerging risk and special assets.

About Our Moderators: April is an asset manager for Cinnaire’s special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management.  To listen to Advancing Communities Podcast, click below for: Google Podcasts Apple Podcasts

Joe Hankes’s bio – Episode 3

Joseph is a Senior Asset Manager for the Wisconsin Housing Preservation Corp., a nonprofit affordable housing owner and developer with assets of $620M consisting of over 8,993 units located throughout the State of Wisconsin. In his role he is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for the company’s portfolio. He helps oversee portfolio performance, stakeholder reporting, and insurance administration. Working with external and internal partners, his responsibilities include oversight of third-party management companies, capital planning, and refinancing/disposition of assets.

Joseph received a BA in General Management from the University of Wisconsin - Whitewater.  He is also a Certified Asset Manager (CHAM) and holds a Novogradac Property Compliance Certification (NPCC). Joseph enjoys spending time with his family, traveling, hiking, reading, basketball and cooking. He lives in Beaver Dam WI with his wife, son, and daughter.