Associate

Primary Responsibilities:

• Assist the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
• Make substantial contributions to analysis that will inform the firm’s investment decisions
• Ability to -contribute on all phases of a deal and understanding of a project from sourcing through stabilization.
• Compilation of due diligence information including financial, market, site, and regulatory data
• Order and review third-party reports, including plan and cost reviews and environmental reports, and discuss any pertinent issues with the appropriate parties.
• Analyze and compare complex partnership agreements and cash flow waterfalls
• Coordinate and assist community meetings and governmental approval processes
• Manage project pro formas including budgets, schedule, timing, and underwriting assumptions
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
• Involvement in contract negotiation and review of legal documentation for each project
• Validation and defense of budgets, assumptions, and pro-forma analysis
• Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents

• Coordinate with appropriate personnel including team analysts, , clerical support, and others

• Perform, coordinate and lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government and community support

• Prepare client communications for senior level review
• Work directly with Senior Associate/VP on project

Qualifications

• Bachelor’s Degree in related field, advanced degree preferred.
• 4-5 years of experience in real estate development and/or construction, preferably multifamily
• LIHTC and Section 8 experience highly preferred
• Exceptional research and writing abilities.
• Effective written and verbal communications skills.
• Strong project management skills
• Must be a detail-oriented person with outstanding analytical skills.
• Strong analytical skills and ability to multi-task in a constantly changing environment
• Highly driven and values entrepreneurialism; works well with limited direction.
• Strong computer skills, especially Excel.
• Some travel required.