Description

This Associate will report to the Head of Impact Investing and will support a lead transaction officer in evaluating and executing on affordable housing (emphasis on LIHTC, PBS8, and self-restricted workforce deals) real estate transactions. They will be focused on numerous geographies across the U.S. This position will support transaction officers on both acquisitions and dispositions to include financial modeling, research and analysis, creating the investment memorandums, and communication with both internal and external stakeholders. The affordable acquisitions will primarily be on a direct basis, but some clients will utilize joint ventures to access specific deals and markets. This position will work independently under general supervision.

Key Responsibilities and Duties

• Independently analyzes and underwrites and assists with bidding, due diligence, and the closing of affordable housing preservation real estate investments which fit the business plans of affiliated and third-party clients across numerous U.S. markets. Approximately 75% of the transactions will be Capital A affordable investments including expiring LIHTC and PBS8 opportunities.
• Evaluates affordable investments and investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage.
• Form and/or strengthen internal relationships with asset management counterparts to successfully transition new affordable acquisitions and help position assets for sale.
• Develop external relationships with key market participants, including the affordable brokerage community, owners, and lenders.
• Coordinates and oversees the due diligence process for acquisitions
• Knowledgeable of client's investment strategies and works with transaction officers to execute the investment strategy.
• Drafts investment memorandums for internal committees to include the Senior Leadership Team and Investment Committee.
  

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
6IC

Required Qualifications

• 2+ years of commercial real estate (CRE) experience

Preferred Qualifications

• 3+ years of commercial real estate (CRE) experience
• BA or BS
• Affordable housing experience
• Financial modeling experience in Excel
• Knowledge of commercial real estate, economics, finance, valuation, financing, accounting, and legal structures.
• Demonstrated ability to operate independently. Strong written skills that are directed to internal and external clients.
• Ability to operate in a fast-paced team environment and manage deadlines.

Required Qualifications

• 2+ years of commercial real estate (CRE) experience

Preferred Qualifications

• 3+ years of commercial real estate (CRE) experience
• BA or BS
• Affordable housing experience
• Financial modeling experience in Excel
• Knowledge of commercial real estate, economics, finance, valuation, financing, accounting, and legal structures.
• Demonstrated ability to operate independently. Strong written skills that are directed to internal and external clients.
• Ability to operate in a fast-paced team environment and manage deadlines.

Company Overview
At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.

To learn more about your benefits, please review our Benefits Summary.
Equal Opportunity
We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

See our full Equal Employment Opportunity & Non-Discrimination statement below. You can read more about your rights and view government notices here.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application, please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org
Drug and Smoking Policy
TIAA maintains a drug-free and smoke/free workplace. Please see our Drug-Free and Smoke-Free Policy to learn more.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.

For Applicants of TIAA Global Capabilities, click here.

For Applicants of Nuveen residing in Europe and APAC, please click here.

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Read more about your rights and view government notices here.



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