Associate of Acquisitions and Development

$82,000 - $103,000/Yr

Bridge Housing Corporation - Los Angeles, CA

Full-time - Mid Level

Los Angeles, CA

Truck Transportation

About the position

The Associate of Acquisitions and Development will support the evaluation and assessment of potential real estate acquisitions and the development of multi-family affordable housing. This role involves conducting market research, underwriting, and managing transactions, while working within a team in a rapidly growing non-profit organization.

Responsibilities

• Support the evaluation and assessment of potential real estate acquisitions and development opportunities throughout BRIDGE's footprint in CA, OR, and WA.
• Support the underwriting and due diligence for each transaction including financial modeling, market surveys, broker interviews, interaction with property management personnel, and local government officials.
• Effectively and efficiently manage real estate and finance transactions including site and property acquisitions, and financial closings.
• Manage due diligence information including financial, market, site, and regulatory data.
• Assist and support responses to Request for Proposals and Surplus Land Act notifications in collaboration with the Business Development team.
• Research public agency funding availability for development site selection.
• Identify potential development sites in WA, OR, and CA in collaboration with the Business Development team.
• Provide analysis that will inform the organization's investment decisions.
• Support the evaluation of cash flow waterfalls and coordinate with the capital markets group for all debt, equity, and soft sources of finance to ensure feasibility.
• Work with legal counsel in the preparation of purchase and sale agreements, partnership agreements, and related legal documentation necessary to complete transactions.
• Support the preparation and presentation of Internal Committee presentations for all acquisitions.

Requirements

• Two to four years of experience in a relevant field.
• Strong academic background with a Bachelor's Degree or equivalent in multi-family real estate acquisitions, business, real estate, architecture, planning, or finance; advanced degree preferred.
• Real estate development experience with emphasis on affordable and mixed-income housing.
• Knowledge of affordable housing finance desirable.
• Experience working with internal and external stakeholders.
• Effective prioritization and organization skills.
• Ability to work in a highly deadline-driven environment.
• Excellent communication skills.
• Strong quantitative, financial analysis and modeling (Excel) skills.
• Strong sense of urgency and detail with results-driven orientation.
• Strong project management skills and follow-through.
• Exceptional research and writing abilities, with strong verbal communication skills.