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 oversees a portfolio of over 80,000 affordable housing units in approximately 600 communities and continues to invest in the sector, recently branching into development. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April 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 April with 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 will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $100,000-$150,000, 15-20% bonus target (this represents the presently-anticipated low and high end of the Company’s base salary range for this position).  Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.

The Associate or Senior Associate, Investments will be part of the team focused on providing underwriting, structuring, closing and integration of new, strategic real estate investment opportunities and strategizing the existing portfolio. 

What you will do:

• Analyze a constant flow of affordable housing investment opportunities in partnership with leadership.
• Produce best in class underwriting deliverables, and with extreme precision, project complex cash flow, capital structure, IRR and NPV quantitative data for analysis.
• Create presentations and preparing analysis/memoranda and recommendations to leadership.
• Maintain the firm’s potential investment/disposition pipeline and participate in weekly pipeline meetings 
• Conduct a thorough, detail oriented due diligence process to protect the firm’s risk profile throughout the transaction.
• Provide support in key purchase/sale negotiation activities.
• Manage the closing process, working with title, escrow, legal, seller, and brokers to ensure timely and efficient closings

What you should have:

• BS/BA undergraduate degree required.  Major in finance, economics and/or other business-related discipline preferred. 
• Minimum 3-5 years of commercial real estate transaction experience. LIHTC specific experience preferred. Previous exposure to complex deal structuring; preferably in a private equity/institutional type platform.
• Proven track record of successful commercial real estate investment opportunities. Experience analyzing/underwriting and structuring complex joint venture/partnership deals.
• Exceptional aptitude and understanding of core and value add asset acquisition/investment opportunities.
• Strong oral and written communication skills.  Innate ability to develop positive relationships and ability to communicate effectively with audiences at all different levels of experience.
• Exceptionally strong financial/analytical skills including Excel and PowerPoint.
• Experience working in a fast-paced, entrepreneurial environment with conflicting priorities and multiple stakeholders.
• Strong collaboration skills with a goal orientation attitude.  Genuine desire to persuade and drive consensus.

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

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