Project Associate, Acquisitions and Preservation

The Community Builders•Boston, MA

About The Position

The Acquisitions & Preservation team within the Real Estate Finance Department at TCB works closely with the Development team, Asset Management team, and other departments to build and sustain high-quality residential and mixed-use developments. Core functions of this role include providing financial analysis of new acquisition opportunities and properties in the TCB portfolio to inform repositioning strategies and working with inter-departmental teams to craft and implement capital transactions. The open Acquisitions & Preservation Project Associate role will focus in two areas: Acquisitions: One way that TCB pursues our mission is by acquiring existing properties and adding or preserving affordability. We seek a team member to be responsible for driving this growing part of our business, in cooperation with Development colleagues across TCB�s footprint. Portfolio Preservation: TCB has a portfolio of 14,000 properties that include an array of financing and legal structures. The Project Associate will lead a team of staff from multiple departments across TCB to identify and implement financial repositioning and physical rehab strategies to maintain and enhance these assets.

Requirements

A passion for real estate development
A passion for helping to build strong communities for all people
Solid analytical and financial modeling skills
Ability to work well in a team environment and build relationships both internally and externally
Strong communication skills, both verbal and written
Strong aptitude at managing a varied workload including multiple projects
Bachelor�s degree and/or Master�s degree and minimum 1-2 years of experience in the real estate industry.
Familiarity with Low Income Housing Tax Credits and affordable/mixed-income deal structures preferred.
High comfort and ability with Microsoft Office, including Excel
Familiarity with or willingness to use artificial intelligence tools to enhance efficiency

Nice To Haves

Familiarity with Low Income Housing Tax Credits and affordable/mixed-income deal structures

Responsibilities

Serve as an essential team member, in partnership with the Development department, in implementing and honing TCB�s acquisition strategy
Participate in acquisition prospect identification, including property data and market analysis
Analyze acquisition opportunities, including financial modeling, review of property financials, and review of legal and regulatory documents
Participate in generating offers to purchase
Lead in obtaining debt and equity financing
Work with lead project manager and an inter-departmental team to complete necessary due diligence
Work with lead project manager to negotiate deal terms and documents and to drive acquisition closings with support from Legal team
Cultivate and maintain relationships with real estate brokers
Collaborate with Asset Management to develop and implement capital plans and strategic repositioning opportunities for TCB�s portfolio
Evaluate opportunities for financial repositioning to achieve preservation goals such as cash delivery, reserve capitalization, or rehabilitation
Develop strategies for long-term portfolio preservation, working closely with Asset Management
Work with lead project manager to implement financial repositioning efforts such as refinance closings and project management of associated rehab scope
Identify and financially structure resyndication opportunities from within the portfolio for hand off to Development colleagues
Develop relationships with local and state-level funding agencies from across the regions in which TCB works