Vice President of Acquisitions - LIHTC Syndication

SCI has been retained by one of the largest national syndicators, fund managers, owners and developers of affordable housing in the nation, to recruit a Vice President of Acquisitions. Our client is a privately-held organization with a track record of investing in over 100k+ units and transacting on $10bil.+ in RE .

This role focuses on driving and closing deals brought in by originations, including underwriting, structuring, negotiating and closing equity investments on Low Income Housing Tax Credits (LIHTC) affordable housing communities throughout the nation for a recognized leader in the field.

Position *****

• Analyze projects to determine feasibility and run and manage projections that ensure project’s yield is maintained at closing
• Assess market conditions, review and analyze all third party data (e.g. market studies, construction plan and cost reviews, Phase ones, appraisal, etc.); and other DD provided for underwriting guidelines
• Underwrite transactions by addressing strengths/weaknesses of a transaction, including identifying how risks are managed
• Oversee Underwriters who provide support in the closing of the LIHTC equity investment;
• Prepare investment package and present for Investment Committee approval
• Work closely with legal counsel and Acquisitions to negotiate partnership agreements with developers
• Work closely with Investor Relations team to place deal in an investment fund
• Manage expectations and relationships with developer clients throughout the underwriting and closing process

*****

• Bachelor’s in Business, Economics, Finance, Real Estate or related field (Master’s Degree preferred);
• 6-15 years of execution of LIHTC deals from syndication or developer side.
• Proficient in Word, Excel and financial modeling;
• Highly motivated self-starter, attention to detail and ability to manage multiple tasks/projects simultaneously.
• Well-developed analytical and problem solving skills;
• Some travel required