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 Blackstones affordable housing and LIHTC portfolio. 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 Housings 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 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 Housings 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.
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 Blackstones affordable housing and LIHTC portfolio. 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 Housings 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 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 Housings Standards of Excellence in Residential Operations.
The Associate will support the execution of real estate transactions across Acquisitions Dispositions and Capital Markets workstreams. This role manages the full transaction lifecyclefrom diligence through closingwhile coordinating internal stakeholders third-party consultants and external counterparties that include property management companies and brokers. The role will also be responsible for creating and maintaining information and files across systems such as DealPath SharePoint and PropertyHub.
What you will do:
This role will support affordable housing transactions through the following functions:
I. Due Diligence
Initial Packages - Prepare and maintain comprehensive due diligence packages ensuring all required financial legal and operational materials are collected and organized for buyers in a timely manner:
Financial - Pull property-level financials (e.g. rent rolls operating statements A/R reports)
Legal Request and/or complete key documents with April Housing internal counsel and Deal Leads (e.g. current and future state organizational charts Certificates of Formation Partnership Operating Agreements 6460s/1115s 1116s/SREO and credit authorizations)
Operational - Obtain certificates permits insurance utility information and service contract documentation from property and asset managers
Buyer/Broker/Lender Engagement Under direction of Deal Lead distribute answers to Requests for Information (RFIs)
Analysis
Prepare title review summaries highlighting lien releases encumbrances and easement details
Abstract of key agreements leases service contracts and regulatory restrictions
Track and summarize capex planning data lien status and compliance certificates
Track and summarize property financial performance throughout 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 through execution
Identify manage critical path items to meet key dates on closing timeline
Participate in closing calls take notes and distribute updates to relevant stakeholders
undefined
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
undefined
IV. Pipeline Management
Organize and lead transaction meetings for all stakeholders
Update deal status within DealPath
Update deal trackers (e.g. consents third-party reports) with status key dates and critical path items
What you should have:
Bachelors degree in Finance Accounting Real Estate or related field.
24 years of experience in real estate transaction support or title or paralegal fields.
Solution oriented and able to foster a collaborative and positive environment and remain calm under pressure.
Strong attention to detail familiarity with real estate transaction processes and experience with data and records management.
Proficiency with Microsoft Excel SharePoint Box and property management financial reporting platforms (e.g. Yardi Resmen and RealPage).
Experience reviewing title reports and creating settlement statements
Strong organizational and records management skills
Excellent written and verbal communication skills in English
Familiarity with LIHTC and affordable housing is a plus
Base Compensation Range:
$115000.00 To $125000.00 Annually. This represents the presently-anticipated low and high end of the Companys base compensation range for this position. Actual base compensation range may vary based on various factors including but not limited to location and experience.Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees including health insurance coverage retirement savings plan paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans policies practices agreements or other materials or documents as in effect from time to time including but not limited to terms and conditions regarding eligibility.
Please review the job applicant privacy notice here.
EEO Statement
April Housing is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email
Required Experience:
IC