Bridge Housing Corporation - San Francisco, CA
posted 3 months ago
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.