The posting
Founded in 1979, Related Group has evolved from an affordable housing developer into a global leader in sophisticated metropolitan living, renowned for its iconic designs, groundbreaking partnerships, and museum-quality art installations. Over 45 years, Related has built, rehabilitated, and managed over 110,000 units, earning its place as one of the most prolific names in real estate. Today, the company is in its most significant expansion yet, with more than 90 active developments across the U.S. and Latin America, spanning luxury condominiums, market-rate rentals, mixed-use centers, and affordable properties. Led by the Pérez family and a team of the industry's top veterans, Related continues to push the industry bar higher, delivering innovative residential communities that positively transform cities, forge new trails and improve quality of life across all demographics.
Job Description:
POSITION OVERVIEW
The Director of Acquisitions & Development will lead the sourcing, acquisition, underwriting, and development of affordable multifamily housing projects. This individual will drive the growth of the company's affordable housing portfolio by identifying investment opportunities and overseeing projects from initial evaluation and due diligence through closing and development.
The ideal candidate will have at least 10 years of relevant real estate experience, demonstrated expertise in Low-Income Housing Tax Credits (LIHTC), Section 8, and tax-exempt bond financing, and established relationships with brokers, developers and industry professionals.
KEY RESPONSIBILITIES
Acquisitions & Deal Origination
- Source and evaluate affordable multifamily acquisitions, preservation opportunities and rehabilitation projects.
- Maintain relationships with brokers, property owners, developers, and other industry contacts to generate deal flow.
- Conduct underwriting, market analysis, feasibility studies, and investment evaluations.
- Negotiate letters of intent, purchase and sale agreements, and other transaction documents; present investment opportunities to executive leadership.
- Oversee all due diligence for property acquisitions.
Development & Project Execution
- Oversee projects from feasibility evaluation through acquisition, financing, closing, construction, and stabilization.
- Coordinate with architects, engineers, general contractors, attorneys, consultants, and property management teams.
- Monitor development budgets, schedules, milestones, and financial performance; resolve permitting, environmental, construction, and financing challenges.
- Ensure projects meet approved budgets, schedules, investment objectives, and affordability requirements.
Regulatory Compliance
- Maintain knowledge of applicable federal, state, and local affordable housing programs, regulations, and financing requirements.
- Work with housing finance agencies, housing authorities, municipalities, and other public agencies to secure funding, approvals, and development incentives.
- Coordinate with legal counsel, tax credit consultants, and compliance professionals to support transaction execution and regulatory compliance.
- Collaborate with executive leadership and internal finance, legal, construction, and asset management teams to advance the development pipeline.
QUALIFICATIONS & EXPERIENCE
Required
- Minimum of 10 years of real estate acquisitions and development experience, including substantial affordable housing experience.
- Demonstrated knowledge of and experience with LIHTC, Section 8 housing, and tax-exempt bond financing.
- Proven track record of sourcing, underwriting, negotiating, and closing real estate acquisitions or development transactions.
- Established relationships with real estate brokers in the affordable housing industry.
- Strong understanding of affordable housing capital structures, real estate underwriting, and project feasibility.
- Experience coordinating complex transactions with legal, financial, development, and public-sector professionals.
- Excellent negotiation, analytical, communication, organizational, and project management skills, with the ability to manage multiple projects and independently drive transactions from origination through closing.
- Travel as needed
Preferred
- Bachelor's degree in Real Estate, Finance, Business, Accounting, or a related field.
- Experience with both affordable housing acquisitions and development.
- Experience with 4% and 9% LIHTC transactions, bond-financed developments, HUD programs, and project-based Section 8 rental assistance.
- Established relationships with state and local housing agencies, municipalities, and other key industry professionals.
PERFORMANCE EXPECTATIONS
Success will be measured by the ability to build a strong acquisition and development pipeline; close transactions aligned with the company's investment objectives; deliver projects on schedule and within approved budgets; maintain productive industry relationships; and effectively mitigate transaction, regulatory, and development risks.
Benefits as a Related Employee:
- Base Salary and Performance bonus
- Medical, dental, vision, legal services, flexible spending account.
- Employer Match Commuter Benefits.
- The benefits package includes 100 percent employer-paid life and disability insurance.
- Employer Matching 401k.
- Upward Mobility
- Employee Engagement and Wellness programs.
- Company-paid Vacation, Sick, Personal, and Holiday Time.
- Opportunities for Professional Development and Tuition Reimbursement.
The Related Group is proud to be an Equal Opportunity Employer.
We are a Drug-Free Workplace.
Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
