Development Analyst – Santa Monica, CA – Hybrid

Lincoln Avenue Communities

Posted 2 weeks ago

Salary Range $95,000

The Opportunity

Lincoln Avenue Communities (LAC) is seeking a Development Analyst to join our experienced team of real estate professionals who manage the acquisition, rehabilitation, and new construction of affordable multi-family rental properties through the United States. LAC has a robust pipeline of property acquisitions and an aggressive plan to grow its national portfolio. The Development Analyst will work closely with senior team members on all aspects of property acquisitions and new construction development. Further, this position works with the leadership team to recapitalize and rehabilitate assets in the existing portfolio.

The Development Analyst will support the evaluation and execution of property acquisitions, rehabilitations, refinancing’s, and ground up new construction from conception through the stabilization of the project. This individual will be involved in all aspects of the transaction through internal collaboration with the Development team, Asset Management team and Construction team. Additional responsibilities will include external coordination with various outside parties, including lenders, investors, brokers, appraisers, environmental assessors, counsel, and governing municipalities.

This role requires both financial acuity and strong communication skills — this role is also for an individual with a passion for real estate development who is prepared to handle a broad array of duties and wants to learn all the fundamentals required to thrive in this business.

As an expertly managed, well-capitalized, and rapidly growing organization, LAC offers excellent career growth opportunities, with a path to equity. This role is an outstanding opportunity for a highly motivated, critically thinking individual seeking an opportunity to work on and learn from a wide variety of real estate transactions.

This position reports to a director and is located at our Headquarters in Santa Monica, CA. Our office provides a hybrid work environment with a minimum of 3-4 days in the office.

What You’ll Contribute To

  • Financial modeling and presentations of new development and acquisition opportunities utilizing a range of capital structures and financing tools unique to affordable housing.
  • Working with prospective lenders and investors to negotiate and secure debt and equity financing
  • Conducting market research for new potential and existing projects
  • Hands on involvement with construction management and design processes
  • Compilation and review of due diligence information including financial, market, demographic, site, federal, state regulatory data
  • Coordination and completion of applications, financing packages, and documentation necessary for debt and equity financing, property purchase and sale, and government subsidies.
  • Managing acquisitions and deal closing process.
  • Assisting with and gathering information for various state and/or federal tax credit and financing applications, tax exempt bond applications, and soft funding applications.
  • Researching and analyzing a variety of sources such as general plans, ordinances, court decisions, legal documents, and articles for use in determining highest and best use of multi-family development projects

What You Bring

  • Passionate and aligned with the company’s double bottom line mission: generating appropriate returns and managing great, stable communities for our residents.
  • Ability to critically think through a wide variety of topics and effectively articulate opinions and direction to stakeholders.
  • Self-starter with the ability to work independently while also comfortable interacting with and presenting to senior management.
  • Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company.
  • Strong organizational skills with a proven ability to work through checklists to meet deadlines.
  • Numbers-oriented with strong analytical skills who can evaluate complex data and provide solutions.
  • Ability to understand excel financial modeling and thinking through investments and the impact of decisions through the investment process on financial outcomes.
  • Ideally a demonstrated experience or knowledge of public and private affordable housing funding resources and subsidy programs, including LIHTC, tax-exempt bonds, and syndication process; ability to combine financing tools to leverage funds creatively.
  • Perform other duties as reasonably assigned.

Education and Experience

  • Bachelor’s degree in finance, real estate, or related field with demonstrated performance and leadership in school is required.
  • Requires 1-2 years of experience in development, real estate investment, finance, or a related field.
  • Has a basic understanding of affordable housing.

The Company

Lincoln Avenue Communities (LAC) is a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 28 states. With a portfolio encompassing 150+ properties and 20,000+ units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.

At LAC, our team is our greatest asset. We recognize that our success is directly tied to the dedication, expertise, and passion of our professionals who strive to make a positive impact on the lives of our residents and communities. Our team members work collaboratively to create and implement innovative solutions that bring long-term value to our stakeholders and the communities we serve. We take pride in cultivating a team of top-tier individuals who are committed to excellence, innovation, and results, and we’re seeking diverse and talented professionals who share our vision of raising the standards in affordable housing.

LAC has built a team with deep experience in finance, investments, and affordable housing. Through our diversity of backgrounds and experienced, we have a deep commitment to ensuring the delivery of quality, stable housing communities to its residents while providing financial and social returns for its investors. Our success to-date and growth ambitions offer its employees a unique value proposition:

  • “Start-up” mindset looking to innovate across its business.
  • High-growth company with ambitious targets to become one of the major owners of subsidized housing in the country. LAC offers career growth and wealth creation opportunities for employees, both near- and long-term.
  • Growing organization with meritocratic structure based on team collaboration and accountability. We move at a fast pace and offer employees opportunities to showcase their knowledge and experience in ways that add value to the company.
  • Fun, work hard/play hard culture: the company values results first and foremost and has a strong, supportive, collaborative culture.
  • LAC is a double bottom line business where each employee can make a meaningful difference in residents’ lives within our communities.

LAC is actively seeking team members who have rigorous institutional experience and standards but a dynamic, entrepreneurial spirit as the firm positions itself for continued growth. For more information on LAC, please visit lincolnavenue.com.

Equal Employment Opportunity

Lincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.

Please send resumes to: 238CCABB81@jobs.workablemail.com

Apply Online