The Manager, Acquisitions is responsible for co-managing the day-to-day operations of the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions in strategic planning and budgeting. The position is responsible for the origination, due diligence review, and closings of complex real estate transactions. The position analyzes, evaluates, structures, and formulates recommendations regarding investment in complex real estate investment transactions. The position also leads and participates in the preparation and presentation of investment reports for review and approval. The employment classification for this position is exempt.
Some specific functions include:
Assist the Vice President, Acquisitions with the management of day-to-day operations for the department by directly supervising and leading a team of assigned Acquisitions staff that supports a productive and collaborative work environment focused on CAHEC’s work objectives and goals.
Develop and maintain relationships with affordable housing industry professionals and provide technical assistance to CAHEC partners to facilitate the creation of tax credit-financed affordable housing in CAHEC’s footprint.
Negotiate and secure commitments from developers to use CAHEC-provided equity for tax credit-financed affordable housing.
Manage the closing process for equity investments by coordinating internal approvals and working with CAHEC counsel and the development team to execute equity investment agreements.
Bachelor’s Degree in real estate, finance, business, city planning, or economics or related field; or an equivalent combination of education and comparable work experience.
Minimum five (5) years progressively responsible work experience relevant to commercial real estate development, finance. or investment modeling; and direct work experience and knowledge of Low Income Housing Tax Credits.
Minimum two (2) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, strategic planning, and budgeting.
Knowledge, Skills, and Abilities
Comprehensive knowledge of the LIHTC Program, commercial real estate development, corporate and partnership legal and taxation issues, financial management principles, and property management practices is required. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary. The ability to analyze complex financial models and to negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills are required as is the ability to develop effective creative solutions based on communications with partners.
This position is based out of CAHEC’s corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, or properties, within CAHEC’s investment portfolio. Some professional training opportunities and attending industry conferences may also require travel.
About Community Affordable Housing Equity Corporation
Created in 1992, CAHEC ranks as one of the largest nonprofit regional equity syndicators in the United States. Its territory has moved beyond North Carolina’s borders to encompass the Southeast and mid-Atlantic states, plus the District of Columbia. CAHEC has expanded its core business from an exclusive focus on raising capital for investment in qualified low-income housing tax credit developments to include a variety of tax-credit preservation and revitalization projects. In addition, CAHEC grants capital through its innovative Community Investments to provide residents of CAHEC-sponsored properties with economic, educational, and enrichment opportunities.