Associate of Acquisitions and Development

$82,000 - $103,000/Yr

Bridge Housing Corporation - San Francisco, CA

Full-time - Entry Level

San Francisco, CA

Truck Transportation

About the position

The Associate of Acquisitions and Development will play a crucial role in supporting the evaluation and assessment of potential real estate acquisitions and the development of multi-family affordable housing. This position is integral to the operations of BRIDGE Housing, a rapidly growing non-profit organization dedicated to creating affordable housing solutions. The ideal candidate will be involved in various aspects of the acquisition and development process, including market research, underwriting, and transaction management. The Associate will work closely with a team of motivated professionals and will have opportunities for upward mobility within the organization. In this role, the Associate will support the evaluation and assessment of potential real estate acquisitions and development opportunities across California, Oregon, and Washington. Responsibilities will include conducting thorough underwriting and due diligence for each transaction, which encompasses financial modeling, market surveys, broker interviews, and interactions with property management personnel and local government officials. The Associate will also manage due diligence information, ensuring that all financial, market, site, and regulatory data is accurately compiled and analyzed. Additionally, the Associate will collaborate with the Business Development team to respond to Requests for Proposals and Surplus Land Act notifications, as well as research public agency funding availability for development site selection. The role requires a strong analytical mindset to provide insights that will inform the organization's investment decisions, including evaluating cash flow waterfalls and coordinating with the capital markets group for financing options. The Associate will also work with legal counsel to prepare necessary documentation for transactions and support the preparation and presentation of Internal Committee presentations for all acquisitions.

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.