Affordable Housing Acquisitions Analyst

Location: San Diego, CA Work Arrangement: Hybrid (in office Monday-Thursday, remote Friday) Employment Type: Full-time Compensation: $72.5K-$80K Requisition ID: R0011740 About The Employer Fairfield is a leader in the multifamily housing industry and is passionate about creating exceptional apartment living. Fairfield is a vertically integrated operator and investment manager in the multifamily sector with in-house development, construction, acquisition, and property and asset management services. Role Summary As an Acquisition Analyst, you will support Fairfield's investment strategy by analyzing potential multifamily acquisitions and assisting the acquisitions team throughout the underwriting and transaction process. This role provides hands-on exposure to real estate investment analysis, market research, and transaction execution within a collaborative team environment. This position is based at Fairfield's corporate office in San Diego, CA, with in-office attendance required Monday-Thursday and remote work on Friday. Applicants must be within commuting distance of the corporate office in the Sorrento Valley area of San Diego, CA. What You'll Do Financial Modeling & Underwriting Support Work with acquisition team members to create cash flow projections for properties identified as potential investmentsPerform various other types of analysis, research, and financial modelingAnalyze property-level operating statements, rent rolls, and expense assumptions to support underwriting accuracySupport scenario and sensitivity analyses to evaluate investment risk and return profiles Market & Investment Analysis Conduct market rent surveysResearch submarket trends, comparable properties, and economic drivers impacting property performanceEvaluate market data to support assumptions used in acquisition underwritingAssist in validating revenue and expense assumptions through third-party data and internal benchmarks Due Diligence & Transaction Support Review third-party reports, including appraisals, inspections, and market studies, to inform key decision makers with findingsCoordinate acquisition-related data and documentation across other internal teams Lender & Capital Partner Coordination Respond to the requests of lenders throughout the acquisition processSupport the preparation of materials required for debt and equity partnersAssist with tracking lender terms, assumptions, and conditions during underwriting and closing processes Investment Committee & Internal Reporting Help prepare submissions to Fairfield's Investment CommitteeMaintain pipeline reports for the various affordable fund vehiclesUpdate acquisition tracking tools and reports to reflect deal status, assumptions, and timelinesSupport senior team members with presentation materials and analysis for internal stakeholders Required Qualifications Bachelor's or master's degree in business, real estate finance, accounting, or a related field0-2 years of experience in commercial real estate financial underwriting, due diligence review and analysisExposure to real estate financial analysis, investment analysis, or related analytical rolesExposure to LIHTC, regulatory requirements, and affordable housing financing structuresFamiliarity with affordable housing regulatory documents, including LURAs, extended-use agreements, IRS Form 8609s, and other LIHTC compliance requirementsUnderstanding of fundamental real estate valuation and investment concepts (IRR, cap rates, etc.), including how these metrics are calculated, interpreted, and applied to investment decisionsStrong quantitative skills, with the ability to analyze large data sets and translate numbers into meaningful insightsExcellent oral and written communication, including the ability to clearly present financial findings to internal stakeholdersAbility to work on multiple tasks in a fast-paced environment while maintaining accuracy and attention to detailProficiency in Microsoft Excel and PowerPoint, including financial modeling, data analysis, and presentation developmentFinancial modeling and analytical reasoning skills applied to real estate investmentsMarket research and data interpretation skillsProfessional judgment and discretion when handling sensitive financial information Culture & Values Career growth and learning: training, coaching, and mentoring to help associates develop their careersA professional, supportive, collaborative environment Benefits Medical, dental, and vision insurance, matched 401(k), paid time off, paid holidays and sick days, volunteer time off, flexible spending account, and life insurance. How to Apply Apply through Fairfield's careers site.