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BH Properties

Buys and renovates commercial properties

Director of Acquisitions - Affordable Housing

Real Estate DevelopmentConfirmed live in the last 24 hours
Full-timePhoenix, AZ, USANo salary listed

About the Job

Requirements

  • Five to ten years of real estate acquisition and underwriting experience.
  • Knowledge of federal affordable housing programs, including Low-Income Housing Tax Credit and Housing Assistance Payments programs, as well as other legacy programs.
  • Understanding of tax and financing alternative programs.
  • Established relationships with regional third-party management companies.
  • Established relationships within the investment sale broker community.
  • A college degree in real estate, business, finance, or accounting.
  • Ability to quickly assess deal viability using quantitative and analytical abilities.
  • Ability to communicate effectively verbally and in writing.
  • Ability to develop effective working relationships in a team-oriented, collaborative, and deadline-driven environment.

Responsibilities

  • Develop strategy, originate, underwrite, and close affordable housing transactions in multiple markets, initially focusing on age-restricted opportunities.
  • Participate in establishing a five-year operating plan to scale the opportunity.
  • Assist in building the infrastructure needed to support the strategy.
  • Oversee the acquisition process, including sourcing, managing due diligence, reviewing third-party reports, and working with legal and finance teams to facilitate closings.
  • Prepare market analyses, underwriting, and deal summaries for recommended opportunities.
  • Develop relationships with brokerage, developer, and lender communities in target markets to facilitate opportunities.
  • Attend selected conferences.
  • Travel as required.

Desired Qualifications

  • An advanced degree is a plus.
  • Knowledge of market-rate multifamily acquisitions is a plus.

About the Company

BH Properties

Buys and renovates commercial properties

BH Properties buys, renovates and manages commercial real estate for businesses seeking office, industrial and retail space. It targets properties with vacancies or other operating problems, then upgrades buildings and finds tenants to improve their income and value. The company handles acquisitions and property operations within one organization, earning rental income and selling assets once its investment plans are complete. Beyond owning buildings, it finances property transactions and buys real estate debt, giving owners and borrowers another route to capital when conventional deals are difficult to arrange. Founded in 1994, BH Properties is headquartered in Los Angeles, California.

Company size
51-200
Company stage
Not listed
Total funding
Not listed
Headquarters
Westwood, CA
Founded
1994

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