Affordable Housing Acquisition Analyst

National Church Residences•Dublin, OH

10d

About The Position

PURPOSE Support the execution of the Company’s Acquisition of Senior Affordable Housing initiatives by a) performing financial analysis and underwriting of acquisition opportunities, b) leading and coordinating project due diligence, c) working with the acquisition and development team to facilitate, manage, and execute on deal milestones and effectively communicating throughout the acquisition and closing process to the seller, internal team members, legal, vendors, HUD and state agencies. The Acquisition Analyst will support all aspects of the acquisition cycle from site identification, bidding, underwriting, contract negotiation, third party inspections, due diligence, closing and changeover to construction, asset management and operations housing teams. The Acquisition Analyst must demonstrate ownership of their work, take initiative, be a very effective communicator and listener, have excellent organizational skills, and be capable of accurate and prudent financial underwriting with the ability to manage key relationships to ensure growth plans are achieved. The Acquisition Analyst should demonstrate an understanding and passion for the mission of affordable senior housing. We strive to employ individuals who can grow with National Church Residences over time into more senior level development positions

Requirements

Bachelor’s degree required; business, finance, accounting, real estate preferred
Understanding of affordable housing fundamentals and market dynamics.
Ability to demonstrate ownership of projects and work with a high degree of autonomy.
Highly effective communication, presentation and listening skill set.
Excellent written and verbal communication skills.
Sound analytical skills and proficiency in Microsoft Excel and PowerPoint required.
Collaborative skills, working with diverse internal and external entities to accomplish project goals.
Demonstrated ability for multi-tasking and meeting simultaneous deadlines.
Ability to travel and attend evening meetings on a limited basis.
Valid driver’s license and able to meet National Church Residences’ motor vehicle policy.
Must have the ability to understand data and carry out verbal and written instructions.

Responsibilities

Support the Director of Acquisitions and Senior Project Leader with the acquisition of multifamily senior housing projects; anticipated per annum acquisition unit count for the acquisition team will be between 700 and 1,500 units per year.
Identify, investigate, underwrite and model potential acquisition opportunities to determine maximum offer price and financial viability.
Provide support in developing presentations, pitch books, and other materials relevant to making proposals to potential sellers.
Coordinate, review, analyze, and summarize project due diligence, including but not limited to, compliance, market studies, appraisals, environmental reports and capital needs assessments.
Make recommendations to senior acquisition team regarding key findings that may affect the operations, finances, and future investment options of the proposed deal.
Communicate professionally and direct the flow of real estate transactions by coordinating with sellers, third-party vendors, title companies, outside legal counsel, HUD and other agencies, and property management teams.
Assist with various HUD, LIHTC, HOME, and FHLB applications and submittals.
Work alongside the Senior Project Leader and Director of Acquisitions to successfully transition all property assets to National Church Residences Construction, Housing and Asset Management teams.
Manage project timelines and checklists and ensure compliance with applicable deadlines.
Adopt, facilitate and manage deal flow management in Smartsheets & M-Files
Support Senior Project Leader and Director of Acquisitions with Board reporting, Investment Corporation reporting, Internal Investment Committee reporting, industry specific presentations and other duties as assigned.
Travel may include site visits to review potential acquisitions, as required.
Assist Senior Affordable Housing Acquisitions Team and provide support and other duties as assigned
Attend and participate in regularly scheduled team meetings and conferences, as required.