Analyst, Affordable Housing Acquisitions

Analyst Position

This Analyst will report to the Head of Impact Investing and will support a lead transaction officer in evaluating and executing on affordable housing real estate transactions. They will be focused on numerous geographies across the U.S. This position will support transaction officers on both acquisitions and dispositions to include financial modeling, research and analysis, creating the investment memorandums, and communication with both internal and external stakeholders.

The affordable acquisitions will primarily be on a direct basis, but some clients will utilize joint ventures to access specific deals and markets. This position will work independently under general supervision.

• Independently analyzes and underwrites and assists with bidding, due diligence, and the 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.

• University (Degree) Preferred

• No Experience Required

• Physical Requirements:
  
  Sedentary Work

• BA or BS preferred.
• Commercial real estate related experience strongly preferred
• Affordable housing experience
• Knowledge of commercial real estate, economics, finance, valuation, financing, accounting, and legal structures.
• Excel

Business Development, Due Diligence, Financial Analysis, Market/Industry Dynamics, Opportunity Strategy, Organizational Savviness, Real Estate Investments, Underwriting

Base Pay Range: $89,200/yr - $100,000/yr. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance.

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world's largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy.

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values:
Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose,…