Director of Acquisitions, Affordable Housing
About The Position
Haven Housing is an investment vertical launched by BH Properties, a privately held commercial real estate investment firm. BH Properties focuses on value-add acquisitions across various property types and has been operating for over 30 years. Haven Housing's specific purpose is to acquire affordable housing and market-rate communities. As of its launch, Haven Housing, through its parent company, owns and manages over 4,000 residential units. The Director of Acquisitions will be responsible for strategy, originating, underwriting, and closing Affordable Housing transactions, with an initial focus on age-restricted opportunities. The role will primarily focus on existing properties or portfolios rather than ground-up developments. The successful candidate will possess extensive acquisition experience and a thorough understanding of the regulatory agreements associated with affordable housing properties.
Requirements
- 5-10 years of real estate acquisition and underwriting experience.
- Knowledge of the federal affordable housing programs (LIHTC & HAP) along with other legacy programs.
- Understanding of the various tax and financing alternative programs.
- Established relationships with regional third-party management companies.
- Established relationships within the investment sale broker community.
- College degree in real estate, business, finance, or accounting.
- Strong quantitative and analytical abilities; ability to quickly assess deal viability.
- Outstanding analytical, verbal, and written communication skills.
- Ability to communicate and develop effective working relationships with others in a team oriented, collaborative and deadline driven environment.
- Team player who loves to brainstorm, problem solve and who can think independently.
- Travel required
Nice To Haves
- Advanced degree a plus.
- Knowledge of market rate multi-family acquisitions a plus.
Responsibilities
- Participate in establishing a 5-year operating plan to scale the opportunity.
- Assist in building out the necessary infrastructure to support the strategy.
- Oversee the acquisition process, including sourcing, managing due diligence, reviewing third party reports, and working with legal and finance teams to facilitate closings.
- Prepare market analysis, underwriting and deal summaries for opportunities being recommended.
- Develop relationships within the brokerage, developer, and lender communities in target markets to facilitate opportunities.
- Attending selected conferences.
Benefits
- Generous and comprehensive compensation & benefits package
- Opportunity for professional growth and development
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What This Job Offers
Job Type
Full-time
Career Level
Director
