Job Description

POSITION:

Reliant Group Management is seeking a highly qualified and motivated candidate to join our team as Acquisitions Associate in our affordable acquisitions group based in San Francisco. The successful candidate will be involved in all aspects of acquisitions including underwriting, market analysis, affordable document review, and final underwriting packages for investment committee presentation.

The acquisitions associate will be mentored by the VP of Affordable Acquisitions and Lead Underwriter, enabling the associate to progress quickly and succeed in a fast-paced environment. The candidate's primary focus will be providing support to the VP of Affordable Acquisitions to acquire: (i) existing affordable properties, (ii) market-rate multifamily or hotel properties to convert into affordable housing, and (iii) development of affordable housing projects nationwide. The ideal candidate will have experience in affordable housing and /or as a real estate analyst. The Reliant acquisition team has a unique and rare horizontal team approach in our deal pursuits; everyone (including this position) will have input and open communication with the CEO, President, and Chief Acquisitions Officer in the Acquisition process.

COMPANY:

Reliant Group Management is a San Francisco-based private equity firm with a nationwide presence. We specialize in acquiring high quality assets in opportunistic situations using creative financing methods, including low-income housing tax credits and tax-exempt housing revenue bonds. We reposition and/or restructure existing multifamily rental properties to create value for our investors and improve the lives of our tenants.

Reliant is an active developer of Section 42 LIHTC properties, having completed the market and successfully completed the syndication and renovation of 36 properties under the LIHTC program totaling $1.3 billion in total capitalization, many including 100% HAP contracts that were modified, or restructured as part of the tax credit renovation.

The firm employs over twenty people in the headquarters office, with satellite offices in Los Angeles, Seattle, and Austin. We currently operate more than 15,000 units of multifamily housing nationwide including affordable, student, senior and market rate apartments. The asset management services provided by Reliant Group include intensive oversight of construction and rehabilitation efforts, in-depth analysis of operations, new media marketing and creative problem solving to improve operational performance.

We are currently investing our tenth fully discretionary equity fund focused on acquiring, developing, and operating both affordable and market-rate multi-family rental properties across the United States. Reliant Group has acquired over $3.0 billion of debt and equity in a variety of real estate transactions since 1992. The investment strategy is centered on the premise that scarce but powerful stimulants to value creation reside with motivated people, original ideas, and exacting execution. The acquisitions team will invest the firm’s tenth fully discretionary equity fund (+$245MM). No outside approvals are required for our acquisitions; all investments are approved internally.

LOCATION:

The candidate will reside/relocate to the San Francisco Bay area.

RESPONSIBILITIES:

Responsibilities include asset underwriting, market analysis, due diligence, assisting the acquisitions team with processing both marketed and off-market transactions, and administrative support.
The associate will also:

Underwrite a significant number of assets
Survey properties and markets
Prepare rental comp analyses
Manage due diligence
Abstract regulatory agreement and contracts
Complete detailed research of various affordable housing programs
Track affordable housing pipeline
Perform property ownership research
Complete market analysis and forecasting
Participate in the weekly acquisitions meeting with the CEO, President and CAO

REQUIREMENTS:

Highly proficient in Excel and have experience with financial modeling and data analysis.
2-4+ years of experience in the affordable housing sector is preferred, but we will consider any multifamily experience
BA or graduate degree in Finance, Real Estate, Economics, or related field
Knowledge of multifamily property operations
Solid work ethic, professional integrity, responsibility, and ability to learn quickly
Ability to thrive in a fast-paced environment and work on multiple projects simultaneously
Entrepreneurial attitude and team-oriented personality
Passion for real estate
Solid analytical and communication skills with the ability to effectively communicate recommendations directly to other team members
Commitment to excellence and attention to detail

BENEFITS: