Analyst, Affordable Housing Acquisitions

TIAA•Chicago, IL

1d•$89,200 - $100,000•Onsite

About The Position

This Analyst will report to the Head of Impact Investing and will support a lead transaction officer in evaluating and executing on affordable housing (emphasis on LIHTC, PBS8, and self-restricted workforce deals) real estate transactions. They will be focused on numerous geographies across the U.S. This position will support transaction officers on both acquisitions and dispositions to include financial modeling, research and analysis, creating the investment memorandums, and communication with both internal and external stakeholders. The affordable acquisitions will primarily be on a direct basis, but some clients will utilize joint ventures to access specific deals and markets. This position will work independently under general supervision.

Requirements

University (Degree) Preferred
No Experience Required
BA or BS preferred.
Commercial real estate related experience strongly preferred
Affordable housing experience
Knowledge of commercial real estate, economics, finance, valuation, financing, accounting, and legal structures.
Excel

Responsibilities

Independently analyzes and underwrites and assists with bidding, due diligence, and the closing of affordable housing preservation real estate investments which fit the business plans of affiliated and third-party clients across numerous U.S. markets. Approximately 75% of the transactions will be Capital A affordable investments including expiring LIHTC and PBS8 opportunities.
Evaluates affordable investments and investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage.
Form and/or strengthen internal relationships with asset management counterparts to successfully transition new affordable acquisitions and help position assets for sale.
Develop external relationships with key market participants, including the affordable brokerage community, owners, and lenders.
Coordinates and oversees the due diligence process for acquisitions
Knowledgeable of client’s investment strategies and works with transaction officers to execute the investment strategy.
Drafts investment memorandums for internal committees to include the Senior Leadership Team and Investment Committee.