What are the responsibilities and job description for the Sr. Analyst/Associate - Investments position at April Housing?
Overview
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.
The Sr. Analyst/Associate - Investment - Preservation will play a key role in supporting and driving investment strategies for the acquisition, development, and preservation of affordable housing projects. This individual will assist in sourcing, analyzing, and executing real estate transactions, as well as developing financial models and collaborating with stakeholders. The Associate will have a deep understanding of affordable housing finance, including Low-Income Housing Tax Credits (LIHTC), debt structures, and other government subsidy programs.
What You Will Do
At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income. You will be joining a dedicated team who live this mission every day.
And we’re growing! “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap.
And of course, we offer competitive pay and a full slate of benefits!
Job Posting Language
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.
Offer Letter Language
This offer of at-will employment is conditioned on the following:
$130,000.00 To $140,000.00. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
EEO Statement
April Housing is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com
Please review the job applicant privacy notice here.
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.
The Sr. Analyst/Associate - Investment - Preservation will play a key role in supporting and driving investment strategies for the acquisition, development, and preservation of affordable housing projects. This individual will assist in sourcing, analyzing, and executing real estate transactions, as well as developing financial models and collaborating with stakeholders. The Associate will have a deep understanding of affordable housing finance, including Low-Income Housing Tax Credits (LIHTC), debt structures, and other government subsidy programs.
What You Will Do
- Transaction Sourcing and Execution:
- Assist in identifying and evaluating potential acquisition, development, and preservation opportunities for affordable housing projects.
- Financial Modeling:
- Develop and maintain complex financial models to evaluate project feasibility, investment returns, and cash flow projections for potential deals.
- Market Research & Due Diligence:
- Conduct market research to assess property and market-level dynamics. Perform detailed due diligence on prospective investments, including reviewing operating statements, third-party reports, and legal documentation.
- Debt & Equity Structuring:
- Assist in structuring and negotiating financing arrangements with lenders and equity partners, including LIHTC syndicators, tax-exempt bonds, and other affordable housing financing tools. Conduct a thorough, detail oriented due diligence process to protect the firm’s risk profile throughout the transaction.
- Collaboration:
- Work closely with internal and external stakeholders, including development teams, legal counsel, lenders, investors, and public agencies, to facilitate the investment process. Provide support in key investment negotiation activities.
- Investment Memoranda:
- Prepare and present investment memoranda and recommendations to senior leadership and investment committees. Produce best in class underwriting deliverables, and with extreme precision, project complex cash flow, capital structure, IRR and NPV quantitative data for analysis.
- Portfolio Management:
- Monitor the performance of existing investments, including tracking financial performance, occupancy levels, and compliance with affordable housing regulations. Analyze a constant flow of affordable housing investment opportunities in partnership with leadership.
- Compliance and Risk Management:
- Ensure all projects comply with local, state, and federal affordable housing regulations. Monitor potential risks and recommend mitigation strategies.
- Stakeholder Communication:
- Serve as a key point of contact for partners, investors, and government agencies, maintaining strong relationships and clear communication throughout the investment lifecycle. Manage the closing process, working with title, escrow, legal, investors, and public agencies to ensure timely and efficient closings.
- Communicates Effectively: Listens effectively and confirms understanding when needed. Cooperates effectively with teammates(intact team and cross functionally) and provides and takes feedback with ease
- Drives Results: Works hard to ensure understanding of all critical performance targets. Lines up personal and team performance to deliver results. Accepts feedback and pivots activities and behaviors when needed to improve results.
- Plans and Aligns: Understands plans communicated and asks for clarity when needed. Provides input when plans require front line input. Makes an effort to ensure teammates are aligned on daily and weekly actions supporting the plan.
- Manages Ambiguity: Carefully listens to need for change or need to wait for instruction in times of change. Keeps moving daily and weekly tasks forward while waiting for any pivots to workstream..
- Professional Development: Works with leadership to execute individual development plans for self and others. Makes time to become the best in their current role and to learn aspects of future potential roles.
- Resilient: Stays abreast of results individually and for the team and reacts with persistence especially when results are less than planned. Keeps a positive attitude and entertains and develops ideas to enhance results.
- BS/BA undergraduate degree required. Major in finance, real estate and/or other business-related discipline preferred.
- Minimum 2-4 years of commercial real estate transaction experience. LIHTC and affordable housing experience preferred. Previous exposure to complex deal structuring; preferably in a private equity/institutional type platform.
- Proven track record of successful commercial real estate investment opportunities. Experience analyzing/underwriting and structuring complex joint venture/partnership deals.
- Exceptional aptitude and understanding of core and value add asset acquisition/investment opportunities.
- Strong oral and written communication skills. Innate ability to develop positive relationships and ability to communicate effectively with audiences at all different levels of experience.
- Exceptional financial modelling and analytical skills including Excel and PowerPoint; VBA and SQL skills a plus.
- Experience working in a fast-paced, entrepreneurial environment with conflicting priorities and multiple stakeholders.
- Strong collaboration skills with a goal orientation attitude. Genuine desire to persuade and drive consensus
At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income. You will be joining a dedicated team who live this mission every day.
And we’re growing! “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap.
And of course, we offer competitive pay and a full slate of benefits!
Job Posting Language
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.
Offer Letter Language
This offer of at-will employment is conditioned on the following:
- Your consent to participate in and the successful completion of a background investigation. The background check will verify employment, education, criminal background and other information that you provided. If we discover that any of the information you provided is false, or if you have been convicted of a crime that, in our judgment and in accordance with applicable law, is relevant to your fitness for the position, then we may choose to revoke this offer of at-will employment. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed.
- Presentation of I-9 Form compliant original documents on your first day, verifying your eligibility to work in the United States.
$130,000.00 To $140,000.00. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
EEO Statement
April Housing is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com
Please review the job applicant privacy notice here.
Salary : $130,000
