Associate General Counsel

About the role

A remote role focused on upper-tier investment funds work, specifically involving LIHTC projects. Based at a real estate firm with an affordable housing focus.

Responsibilities

• Advising on a wide range of transactional matters involving multi-investor and proprietary investment funds and project partnerships, including preparing and negotiating fund agreements and ancillary fund closing documents, preparing and negotiating fund investor side letter agreements, and closing funds.
• Coinciding fund closings with the Investor Relations Department and managing and overseeing outside legal counsel.
• Managing and overseeing paralegal preparation of certificates and other ancillary fund closing documents.
• Drafting and reviewing post-closing project investment approvals for the Investor Relations Department and coordinating assignment of project investments from warehouse lines of credit to funds.
• Performing due diligence and managing the negotiation and execution of legal documents related to the closing of fund-level bridge loans and warehouse lines of credit.
• Handling investor transfer requests, including performance of due diligence and negotiation of transfer documents, and advising the Investor Relations Department on such matters.
• Advising on matters related to new funds and business initiatives, including tax-related and structural considerations.
• Reviewing fund agreements and fund investor side letters to determine consent rights concerning a range of matters including waiver of equity benchmarks.

Requirements

• A law degree from an accredited law school and good academic credentials.
• US State Bar membership, in good standing.
• 6+ years of experience in a top law firm or corporate legal department environment involving investment funds, federal tax law, securities, limited partnership law, and limited liability company law.
• Experience with commercial real estate development and financing (investment and/or lending), preferably involving affordable housing and federal low-income housing tax credits.
• Familiarity with government programs related to affordable housing and community development is a plus, but not required.

Qualifications

• Strong analytical and problem-solving skills.
• Excellent written and verbal communication abilities.
• The ability to work collaboratively across teams and manage multiple priorities.

Skills

• Experience with investment funds and federal tax law.
• Experience with securities, limited partnership law, and limited liability company law.
• Experience with commercial real estate development and financing, especially involving affordable housing and federal low-income housing tax credits.

Benefits

• Competitive salary.
• Remote work if not local to Chicago, IL.
• Discretionary bonus opportunities.
• Comprehensive benefits package.