Associate / Senior Associate, Affordable Acquisitions
- Locations: Boston, MA
- Requisition ID: 19445
Role Summary
The Associate/Senior 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 prepares detailed financial analyses and models, including those for transaction underwriting, and provides 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 identification of challenges inherent to a given project.
- Communicate with investors, lenders, brokers, property managers, and industry consultants.
- Draft and complete applications and documentation necessary 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 meet the needs of neighborhoods and residents.
- Engage with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure holistic measures of success are executed in each deal.
- 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.
- 3–5+ years of professional experience, preferably in a banking or real estate environment, or equivalent coursework.
- Adept at financial analysis with robust quantitative and modeling skills.
- Proficient in the standard suite of office applications with advanced proficiency in Microsoft Excel.
- Understanding of the principles of finance and accounting.
Preferred Qualifications
- MBA, Master of Public Policy, or MRED.
- Experience with LIHTC and/or affordable housing finance.
Required Criteria
- Demonstrated ability to project manage key components of a deal or project from initiation through completion.
- Strong problem-solving skills with the ability to identify root causes and develop impactful solutions.
- Effective communication skills with the ability to maintain strong relationships with internal leaders and colleagues, investors, lenders, local communities, and government agencies.
- Exceptional financial modeling skills.
- Well-developed and adaptable writing skills.
- Exceptional time management, organizational, and prioritization skills with strong attention to detail.
- Entrepreneurial mindset, contributing new insights and perspectives.
- Demonstrated receptivity to feedback and instructions.
- Flexibility to travel and work outside standard business hours as needed.
Compensation & Benefits
The anticipated base salary range for this position is $140,000–$165,000. In addition to a competitive base salary, the role is eligible for discretionary bonus incentives and a comprehensive benefits package.
Actual base salary within the anticipated range will be determined by factors including experience, skills, qualifications, and market considerations.
About the Employer
Formed in 1972, Related is the most prominent privately owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world.
Related owns and manages a premier portfolio of assets valued at over $70 billion, including 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 and owns and oversees one of the largest affordable housing portfolios in the country.
Equal Opportunity Statement
Related is an equal opportunity employer and is deliberate about the team and culture it is building. The company aims to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.
