Analyst, Affordable Housing Acquisitions

This Analyst will report to the Head of Impact Investing and support a lead transaction officer in evaluating and executing affordable housing (emphasis on LIHTC, PBS8, and self-restricted workforce deals) real estate transactions across numerous U.S. geographies. The role involves supporting acquisitions and dispositions, including financial modeling, research, analysis, investment memorandum creation, and stakeholder communication. While most acquisitions are direct, some clients use joint ventures to access specific deals and markets. The position operates independently under general supervision.

Responsibilities

• Independently analyze, underwrite, and assist with bidding, due diligence, and closing of affordable housing preservation investments aligned with affiliated and third-party client business plans across U.S. markets. Approximately 75% of transactions will focus on Capital A affordable investments, including expiring LIHTC and PBS8 opportunities.
• Evaluate affordable investments and returns using discounted cash flows, return on cost, development spreads, and third-party leverage.
• Build and strengthen internal relationships with asset management teams to ensure smooth transitions for new acquisitions and position assets for sale.
• Develop external relationships with key market participants, including affordable housing brokers, owners, and lenders.
• Coordinate and oversee the due diligence process for acquisitions.
• Align with client investment strategies and collaborate with transaction officers to execute them.
• Draft investment memorandums for internal committees, including the Senior Leadership Team and Investment Committee.

Requirements

• BA or BS preferred; commercial real estate experience strongly preferred.
• Affordable housing experience.
• Knowledge of commercial real estate, economics, finance, valuation, financing, accounting, and legal structures.
• Proficiency in Excel.

Skills

• Business Development
• Due Diligence
• Financial Analysis
• Market/Industry Dynamics
• Opportunity Strategy
• Organizational Savviness
• Real Estate Investments
• Underwriting

Pay

Base Pay Range: $89,200/yr – $100,000/yr. Actual base salary may vary based on relevant experience, time in role, internal peer benchmarks, prior performance, business sector, and geographic location. The compensation package may also include participation in incentive programs tied to performance.

Benefits

The organization offers a comprehensive Total Rewards package, including a superior retirement program and competitive health, wellness, and work-life benefits designed to support associates' physical, emotional, and financial well-being.