Back to Careers

Vice President, Dispositions

  • Reports To
    SVP, Special Assets and Dispositions
  • Location
    Boston, MA
  • Date
    September 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 VP, Dispositions in our Special Assets & Dispositions department.


Position Summary:

This position will be responsible for the disposition of partnerships within CREA’s portfolio of Section 42 low income housing tax credit projects as they approach or mature past the end of the compliance period.  Specific tasks will include:

  • Collection of due diligence and engagement of a third-party broker to provide a BOV for valuation purposes
  • Review partnership, tax credit, and loan documents to determine restrictions related to the potential of disposition
  • Preparation and review of lower tier financial models for partnerships within CREA’s portfolio to determine value upon disposition
  • Draft and present Disposition Memos to committee outlining the potential disposition scenarios, valuations, and recommendations
  • Correspond with internal management to assist in negotiations regarding the disposition of the asset or interest with the general and limited partners
  • Work with legal counsel regarding the Assignment and Tax Credit & Indemnity agreements; and subsequently facilitate closing of the transaction
  • • Collect required ongoing property data and provide quarterly and annual investor reporting for early exit dispositions
  • Periodically provide valuations of CREA’s entire portfolio
  • Other duties and special projects as driven by CREA business needs

Bachelor’s degree with accounting, finance, or business major preferred; a minimum of 6-8 years of experience working with Section 42 (low income, tax credit) projects, with specific experience in dispositions.  Must possess a working understanding of financial modeling and Limited Partnership Agreements and have the ability to identify and verbalize concepts with the partners. Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel. Candidate must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base.  Minimal travel required.  Overtime is possible throughout the year.   Must possess and be able to demonstrate effectiveness with each of the following Key Attributes:


Key Attributes:

  • Strong analytical, negotiation, organizational, interpersonal, and time management skills
  • Excellent oral and written communication skills
  • Ability to effectively manage and administer sensitive and confidential information
  • Must have strong initiative and be able to work with minimal guidance & supervision
  • Professionalism/Ethics (Trust, Attitude, Commitment, Honesty, Collaboration and Approachability)