Overview
Established in 1972, Related stands as a leading privately-owned real estate firm with its headquarters in New York City and a global presence through offices and major developments worldwide. Related owns and manages a premier portfolio valued at more than $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. The company is committed to investing in its talent and fostering a positive, team-oriented culture where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate a strong entrepreneurial spirit. Related aims to foster an innovative approach in its team members to positively impact the communities in which it conducts business.
About Related Affordable
Related Affordable leads the firm’s efforts to preserve and improve the nation’s affordable housing stock. Affordable housing acquisitions and development have long been the foundation of Related, and today Related Affordable manages one of the largest affordable housing portfolios in the country. The division operates on the belief that everyone deserves a quality home and works to deliver that value across communities nationwide.
Equal Opportunity & Compensation
We are proud to be an equal opportunity employer and to cultivate the team and culture we are building. Related offers a competitive total compensation package that aligns with experience, geography, and market standards.
Role Focus
The Associate/Senior Associate position concentrates on all aspects of affordable real estate acquisitions and development, including financial analysis and modeling, site acquisition, due diligence, communication with governmental agencies and funding applications, review and negotiation of legal documents, and community and resident engagement. The successful candidate will prepare detailed financial analyses and underwriting models and provide key insights to business units, corporate finance, and senior management.
Essential Duties and Responsibilities
- Assist the Deal Team Leader across all facets of affordable housing acquisitions, financing, and development.
- Develop financial models and support presentations focused on property valuation using capital structures and financing tools unique to affordable housing.
- Compile and review due diligence materials, including financial, market, demographic, site data, and federal/state regulatory information.
- Validate budgets, assumptions, and pro-forma analyses, identifying challenges inherent to each project and defending the underlying figures.
- Communicate with investors, lenders, brokers, property managers, and industry consultants.
- Draft and complete applications and documentation required for debt and equity financing, property purchases and sales, government subsidies, and rental contract maintenance.
- Participate in community and resident outreach initiatives to tailor property improvements and services to neighborhood needs.
- Collaborate with internal Deal, Construction, Community Engagement, and Portfolio, Asset, and Property Management teams to ensure holistic measures of success for each transaction.
- Manage workflow and task completion across multiple teams and departments.
- Lead select internal presentations to Senior Related Affordable Leadership.
Qualifications & Competencies
- Strong ability to project manage key components of deals or projects from initiation to completion.
- Solid problem-solving skills, identifying root causes and leveraging prior experience and education to develop creative solutions.
Location
Boston, MA 02109
Compensation & Benefits
Related offers competitive total compensation commensurate with experience, geography, and market standards.