Analyst/Associate, Affordable Acquisitions & Development
Locations: New York, USA
Role Summary
The Associate will focus on all aspects of affordable real estate acquisitions and development, including financial analysis and modeling, site acquisition, due diligence, governmental agency communication and funding applications, legal document review and negotiation, and community and resident engagement. The role includes preparing detailed financial analyses and models for transaction underwriting and providing key takeaways to business units, corporate finance, and senior management.
What You’ll Do
- Support the Deal Team Leader in all aspects of affordable housing acquisitions, financing, and development.
- Complete financial modeling and facilitate presentations with a focus on property valuation using a range of capital structures and financing tools unique to affordable housing.
- Compile and review due diligence information, including financial, market, demographic, site, federal, and state regulatory data.
- Validate and defend budgets, assumptions, and pro-forma analysis, including identifying challenges inherent to specific projects.
- Communicate with investors, lenders, brokers, property managers, and industry consultants.
- Draft and complete applications and documentation for debt and equity financing, property purchase and sale, government subsidies, and rental contract maintenance.
- Engage in community and resident outreach initiatives to tailor property improvements and services to neighborhood and resident needs.
- Engage with internal Deal, Construction, Community Engagement, Portfolio, Asset, and Property Management teams to support holistic measures of success.
- Manage workflow and task completion across various teams and departments.
- Lead select internal presentations to senior Related Affordable leadership.
Required Qualifications
- Bachelor’s degree required.
- 2–5 years of professional experience, preferably in a banking or real estate environment, or equivalent coursework.
- Strong financial analysis skills with robust quantitative and modeling capabilities.
- Proficiency in standard office applications and advanced proficiency in Microsoft Excel.
- Understanding of finance and accounting principles.
- Flexibility to travel and work outside standard business hours as needed.
Preferred Qualifications
- MBA, Master of Public Policy, or MRED.
- Experience with LIHTC and/or affordable housing finance.
Compensation & Benefits
The anticipated base salary range for this position is $120,000–$150,000. Actual base salary will be determined based on the individual’s experience, skills, qualifications, and market factors. In addition to base salary, the role is eligible for discretionary bonus incentives and a comprehensive benefits package.
About the Employer
Formed in 1972, Related is a privately owned real estate firm headquartered in New York City, with offices and major developments across the world. The company owns and manages a portfolio of assets valued at over $70 billion, including large-scale developments such as the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.
Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Affordable housing acquisitions and development have been central to the company since its founding, and Related Affordable owns and oversees one of the largest affordable housing portfolios in the United States.
Equal Opportunity Statement
Related is an equal opportunity employer and is committed to ensuring competitive total compensation that is commensurate with experience, workplace geography, and market standards.
