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Acquisitions Associate

  • Reports To
    Originator, Acquisitions
  • Location
    Portland, OR
  • Date
    June 2020

CREA, LLC is a full service LIHTC Syndicator with tax credit equity financing in excess of $6 billion since inception in 2001. CREA was founded on the “Real Estate First” philosophy that behind every exceptional real estate investment is fundamentally sound real estate; our team pledges to provide innovative real estate investment solutions. While CREA has continued to grow to well over 100 employees we continue to look for talented and passionate individuals who are excited about opportunities to grow with into the future.  With offices headquartered in Indianapolis, IN, we are currently looking to add talent for the position of Acquisitions Associate in our Acquisitions department in our Portland, OR office.

Position Summary:

The primary role of the Acquisitions Associate is to coordinate the legal, real estate, and project level due diligence for qualifying Low-Income Housing Tax Credit (“LIHTC”) properties under Section 42 of the Internal Revenue Code.  Once collected, the Acquisitions Associate is responsible for preparing financial projections, aiding Account Managers with the preparation of the CREA Committee materials per the adopted CREA Investment Guidelines and participating in the transactional real estate closing.  The qualified candidate must be able to effectively communicate with developers, third party lenders, counsel, title companies, accounting firms, and internal personnel such as underwriting, construction, and asset management.  Job responsibilities include:

  • Prepare and analyze financial projections
  • Assist Originator, Acquisitions and Account Managers with the preparation and presentation of CREA Committee Memorandums
  • Review Market Studies, Appraisals, Financial Statements, and LIHTC Applications to assess financial feasibility of proposed transactions
  • Maintain due diligence checklist and track updates with developers and CREA counsel
  • Perform cursory review of title, survey, organizational documents, loan documents, insurance certificates, and other project level due diligence to ensure conformance with internal requirements
  • Manage third party reports by collaborating with internal and external constituents
  • Coordinate internal approvals
  • Track current and existing applications and awards in the Portland Office geographic territory in order to assist Originator, Acquisitions in the identification of new LIHTC opportunities
  • Act as liaison with developers to structure new transactions and prepare Letters of Intent which are governed by CREA’s Investment Guidelines and Placement Committee requirements
  • Assist with the transition of transactions, and
  • Other duties as requested by Originator, Acquisitions

Requirements:

A candidate for this position would benefit from a minimum of two years applicable LIHTC or transactional real estate experience. Legal experience, or familiarity with legal documents, is preferred. A bachelor’s degree in Finance, Business Administration, or a related field, is desired. Candidate must have excellent communication and time management skills. Overtime at certain times of the year may be required. Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word. Must possess and be able to demonstrate effectiveness with each of the following Key Attributes.

 

Key Attributes:

  • Excellent oral and written communication skills
  • Strong analytical and project management skills
  • Ability to effectively manage and administer sensitive and confidential information
  • Strong initiative and ability to work without guidance & supervision
  • Professionalism/Ethics (Trust, Attitude, Commitment, Honesty, Collaboration, & Approachability)

 

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