Associate, Affordable Housing Acquisitions Job at Nuveen, a TIAA company, Newport Beach, CA

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  • Nuveen, a TIAA company
  • Newport Beach, CA

Job Description

Overview Associate, Affordable Housing Acquisitions role at Nuveen, a TIAA company. This role reports to the Head of Impact Investing and supports a lead transaction officer in evaluating and executing affordable housing real estate transactions (emphasis on LIHTC, PBS8, and self-restricted workforce deals). Focus areas include numerous geographies across the U.S. The position supports transaction officers on both acquisitions and dispositions, including financial modeling, research and analysis, drafting investment memorandums, and communication with internal and external stakeholders. While the affordable acquisitions will primarily be on a direct basis, some clients may utilize joint ventures to access specific deals and markets. This position works independently under general supervision. Responsibilities Independently analyzes and underwrites and assists with bidding, due diligence, and 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. Education University (Degree) Preferred Work Experience 2+ Years Required; 3+ Years Preferred Physical Requirements Sedentary work Career Level Mid-Senior level 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 directed to internal and external clients Ability to operate in a fast-paced team environment and manage deadlines Anticipated Posting End Date 2025-10-24 Compensation Base Pay Range: $98,900/yr - $121,000/yr. Actual base salary may vary based on experience, role, and location. In addition to base salary, compensation may include incentive programs. Company Overview Nuveen is a global investment leader, managing public and private assets for clients around the world on behalf of TIAA. We invest in real estate, infrastructure and more to pursue lasting performance for clients and communities. Visit to learn more. Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate on any legally protected basis. #J-18808-Ljbffr Nuveen, a TIAA company

Job Tags

Work experience placement,

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