VP, Transaction Management

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 Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. 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 Housing’s 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 housing. In 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 Housing's 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.

What you will do:

• Lead all team members in the management of acquisition, disposition, partnership, and refinance transactions for the company

• Oversee all relevant technology uses to ensure timely communication, efficient sharing of documentation, organized storage of transaction documentation

• Coordinate with all necessary departments to ensure that all transactions are completed on time

• Assist with negotiating contracts with buyers and sellers as needed. Manage contract negotiation for third party reports such as appraisals, market studies, and PNAs

• Order or coordinate ordering of third-party diligence reports (Phase I, asbestos, appraisal, as-built surveys, Initial TIC analysis, physical needs assessments, etc.)

• Coordinate with internal and external parties to ensure the prompt review and timely reporting of all acquisition due diligence materials while ensuring pertinent issues are highlighted and further investigated

• Manage due diligence process for acquisition, disposition, and refinance closings in partnership with investment and capital markets team

• Develop and implement new transaction management processes and procedures

• Provide training and support to transaction associates, analysts, and coordinators

• Remain up-to-date on industry trends and regulations.

• Reports to senior management on transaction status

• Perform other duties on an ad hoc basis

What you should have:

• The successful candidate must have either (i) an associate’s degree or certificate in paralegal studies with a focus in real estate or (ii) a Bachelor’s degree

• An MBA, a JD, or other graduate degree is a plus, but not required.

• This person will bring at least 7-10 years of experience in real estate closing coordination, finance, or investment

• A deep understanding of affordable housing underwriting and the low-income housing tax credit industry is a plus but not required

• Ability to provide leadership development including acting as a player-coach and trainer as capacity is built within the team

• Strong negotiation and interpersonal skills

• Excellent written and verbal communication skills

• Must be proficient using Excel, Word, Outlook, SharePoint, Box and be able to learn new software quickly

• Must have a strong work ethic and be a team player, be able to work well with others, and have a willingness to aid where needed to get the job done

• Able to anticipate needs for specifics projects and processes

• Must be well organized, be able to prioritize tasks well and have a strong attention to detail

• Must be able to handle a fast-paced environment and be able to manage tasks and deadlines independently

• Able to work effectively under pressure; be a quick learner with minimal direct supervision

• Experience in affordable housing finance (debt/LIHTC equity), expertise with LIHTC transactions, including the technical, legal, and accounting regulations that govern its successful use is a plus, but not required

• Communicates Effectively: Communicates in ways that provide clarity of message, project a credible and confident image to a diverse set of internal and external stakeholders and audiences, and maximize impact. Collaboratively works and effectively communicates across departments to achieve common goals

• Drives Results: Sets high standards, drives achievement of critical goals and outcomes for key stakeholders with a strong sense of urgency. Maintains a keen focus on activities that will have a direct impact on business results

• Plans and Aligns: Plans and aligns organizational and/or department structure, systems, processes, metrics, capabilities, and resources with business objectives. Prioritizes, stages initiatives, and manages risk appropriately to ensure objectives are achieve

• Manages Ambiguity: Functions effectively and projects a sense of calm when the path forward is uncertain or in times of change. Can take action and chart a way forward even when situations are ambiguous or when outside own comfort zone

• Develops Talent/Professional Development: Ensures that the organization has the talent required to meet current and future needs by acquiring, developing, and deploying the best talent, creating a pipeline of successors, building talent capabilities, and establishing a development culture. Invests in their own professional development

• Resilient: Maintains a positive outlook under pressure. Remains poised and sustains personal and organizational performance through setbacks and adversity, and can rebound effectively from difficult and/or disruptive situations

What we offer:

At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income.  You will be joining a dedicated team who live this mission every day. 

And we’re growing!  “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap.

And of course, we offer competitive pay and a full slate of benefits!

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.

Base Compensation Range:

$185,000.00 To $200,000.00. This represents the presently-anticipated low and high end of the Company’s 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.

Please review the job applicant privacy notice here.

EEO Statement

April Housing is an equal opportunity employer. In 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 talent@revantage.com