Acquisitions Analyst

Emerald City Associates•Raleigh, NC

About The Position

Emerald City Associates is a vertically integrated multifamily real estate investment firm specializing in Low-Income Housing Tax Credit (LIHTC) and market-rate acquisitions across the Southeast. The firm manages a portfolio of over 7,000 units and has acquired more than 3,000 units in the past year, with an additional 1,000 units expected to close before year end and increased transaction volume targeted for the coming year. Emerald City Associates is seeking an Analyst to join its Acquisitions & Capital Markets team. The Analyst will support acquisition, disposition, and refinance execution across the firm's portfolio, with primary responsibility for transaction management, due diligence administration, and underwriting support. The position reports to the Director of Acquisitions & Capital Markets and works closely with the firm's Managing Partners.

Requirements

Bachelor's degree in finance, real estate, accounting, economics, or a related field
Two to four years of experience in affordable housing, multifamily real estate, or a comparable transaction environment
Working knowledge of LIHTC program fundamentals, including land use restriction agreements, rent and income limits, and compliance documentation
Advanced Excel proficiency
Regular, practical use of AI tools in daily work, particularly Claude, for research, document review, and analysis
Demonstrated ability to manage multiple concurrent workstreams against fixed deadlines
Strong written and verbal communication skills, including direct interaction with external counterparties
High attention to detail and sound judgment regarding information completeness

Nice To Haves

Experience with HOME, HUD, USDA Rural Development, or project-based Section 8 programs
Exposure to agency debt execution (Fannie Mae, Freddie Mac) or tax-exempt bond financing
Familiarity with CoStar, RealPage, or Entrata
Prior data room administration or transaction management experience

Responsibilities

Build and maintain due diligence data rooms across acquisition, disposition, and refinance transactions
Own document control and folder architecture for all live transactions
Manage document request logs; coordinate with sellers, brokers, lenders, property managers, and outside counsel to track outstanding items and identify gaps
Maintain closing checklists and monitor critical path against purchase agreement and funding deadlines
Confirm third-party reports are ordered and delivered on schedule, including property condition assessments, environmental reports, surveys, appraisals, and title
Coordinate site inspection scheduling with brokers to align seller and on-site access
Prepare initial underwriting models using firm templates for review by senior team members
Construct maximum rent analyses, including LIHTC rent and income limits by county and AMI set-aside, utility allowance methodology, HOME limits on dual-restricted assets, HAP contract rents, and OCAF adjustments
Normalize rent rolls, trailing financial statements, and unit mix data
Compile capital needs data in support of capital expenditure scoping
Coordinate transaction timelines with internal recruiting, accounting, property management, and compliance functions to support property transition
Support preparation of offering materials and lender and equity submissions