Associate, Transactions
Los Angeles, CA
Requisition ID: JR102833
About the Employer
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 Housing seeks to preserve critical affordable housing stock while providing best-in-class management and high-quality housing. The company 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 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 ensures assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning operations with April Housing's Standards of Excellence in Residential Operations.
Role Summary
April Housing is seeking an Associate to support the execution of real estate transactions across Acquisitions, Dispositions, and Capital Markets workstreams. This role manages the full transaction lifecycle—from diligence through closing—while coordinating internal stakeholders, third-party consultants, and external counterparties, including property management companies and brokers.
The role is also responsible for creating and maintaining transaction information and files across systems such as DealPath, SharePoint, and PropertyHub.
What You’ll Do
I. Due Diligence
- Prepare and maintain comprehensive due diligence packages, ensuring all required financial, legal, and operational materials are collected and organised in a timely manner
- Pull property-level financials, including rent rolls, operating statements, and accounts receivable reports
- Request and/or complete key legal documents with internal counsel and Deal Leads, including organisational charts, Certificates of Formation, Partnership Operating Agreements, 6460’s/1115’s, 1116’s/SREO, and credit authorisations
- Obtain operational documentation such as certificates, permits, insurance, utility information, and service contracts from property and asset managers
- Distribute responses to Requests for Information (RFIs) to buyers, brokers, and lenders under the direction of the Deal Lead
Analysis
- Prepare title review summaries highlighting lien releases, encumbrances, and easement details
- Abstract key agreements, leases, service contracts, and regulatory restrictions
- Track and summarise capex planning data, lien status, and compliance certificates
- Track and summarise property financial performance throughout the deal cycle
Issue Resolution
- Proactively identify, monitor, and resolve key risks and critical path items
- Work closely with Deal Leads to communicate progress to counterparties
II. Closing Mechanics
- Coordinate payoff requests, taxes, prorations, utilities, lien releases, and settlement statement preparation
- Obtain payoff letters, invoices, and updated closing documents from property managers, counsel, and lenders
- Maintain the master closing checklist, ensuring all financial and operational deliverables are accurately tracked
- Identify and manage critical path items to meet key closing timeline dates
- Participate in closing calls, take notes, and distribute updates to relevant stakeholders
III. Post-Closing Reconciliation
- Track wire confirmations, closing statements, and final settlement documents
- Update and maintain closing folders with executed documents
- Follow up on outstanding post-closing items such as PMCO fund releases, escrow true-ups, and insurance cancellations
IV. Pipeline Management
- Organise and lead transaction meetings for all stakeholders
- Update deal status within DealPath
- Update deal trackers, including consents and third-party reports, with status, key dates, and critical path items
Required Qualifications
- Bachelor’s degree in Finance, Accounting, Real Estate, or a related field
- 2–4 years of experience in real estate transaction support or in title or paralegal fields
- Strong attention to detail and familiarity with real estate transaction processes
- Experience with data and records management
- Proficiency with Microsoft Excel, SharePoint, Box, and property management financial reporting platforms such as Yardi, ResMan, and RealPage
- Experience reviewing title reports and creating settlement statements
- Strong organisational and records management skills
- Excellent written and verbal communication skills in English
Preferred Qualifications
- Familiarity with LIHTC and affordable housing
Required Criteria
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 other applicable local ordinances.
A criminal background check is required due to the role’s access to sensitive financial and confidential information. A criminal history that has a direct and adverse relationship with these duties may result in the withdrawal of a conditional offer.
Compensation & Benefits
Base Compensation Range
$115,000.00 to $125,000.00 annually. Actual compensation may vary based on location, experience, and other factors.
Additional Compensation
Eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits
The company offers a variety of benefits, including health insurance coverage, a retirement savings plan, paid holidays, and paid time off (PTO). Benefits and compensation are subject to the terms and conditions of applicable plans and policies.
Equal Opportunity Statement
April Housing is an equal opportunity employer. In accordance with applicable law, the company prohibits discrimination against any applicant or employee based on any legally recognised basis. April Housing is committed to providing reasonable accommodations. Applicants needing an accommodation may contact talent@revantage.com.
