RFM, Affordable Acquisitions Associate

Related•UNAVAILABLE, Florida

7d•Onsite

About The Position

Related Fund Management (“RFM”) manages several investment vehicles that acquire, renovate, and operate affordable housing and market rate multifamily properties, with approximately 10,000 units owned across these investment vehicles today. This role will support RFM’s Affordable Housing team to underwrite, finance, and close new affordable housing investments across RFM’s various affordable housing investment vehicles, working closely with senior deal team members across the full transaction lifecycle from sourcing through closing.

Requirements

Bachelor’s degree in Finance, Real Estate, Economics, Accounting or similar field
3-5 years of experience in real estate acquisitions, investment banking, or affordable housing investing/development, including direct experience with LIHTC partnership investments, Project-Based Section 8 assets, and LIHTC assets
Strong financial modeling skills, including cash flow waterfalls, IRR and equity multiple analysis
Working knowledge of debt and equity capital markets, including agency and tax-exempt bond financing
Exceptional time management and prioritization to manage multiple transactions with competing deadlines
Excellent written and verbal communication skills
Strong attention to detail and analytical rigor
A passion for real estate, an active entrepreneurial mind, and a strong work ethic to succeed in a dynamic, deal-driven environment
Travel required as needed for diligence, closings, and site visits
100% in office position

Nice To Haves

Familiarity with affordable housing programs (LIHTC, Section 8/PBRA, HUD) strongly preferred

Responsibilities

Underwrite new investment opportunities for LIHTC, Section 8/PBRA, and other affordable housing assets, including detailed cash flow models
Conduct property- and portfolio-level due diligence, including review of operating statements, rent rolls, regulatory agreements, and physical condition and environmental reports
Create and present investment committee memoranda, market studies, and other diligence materials to support new investment decisions
Coordinate debt and equity financing processes, including engagement with lenders, agencies (Fannie Mae/Freddie Mac/HUD), and tax credit investors
Support negotiation and drafting of purchase and sale agreements, loan documents, and joint venture agreements in coordination with legal counsel
Manage the closing process, including tracking diligence checklists, closing deliverables, and coordination among internal and external stakeholders
Source and evaluate new investment opportunities through broker, seller, and other market relationships
Monitor affordable housing market trends, competitive dynamics, and regulatory developments (e.g., LIHTC, HUD, state HFA programs) to inform investment strategy
Assist with refinancings and recapitalizations of existing affordable housing assets
Support management of property dispositions, including buyer diligence, marketing coordination, and closing