Nuveen, a TIAA company
Associate, Affordable Housing Acquisitions
Nuveen, a TIAA company, Washington, District of Columbia, us, 20022
Overview
Associate, Affordable Housing Acquisitions. This position reports to the Head of Impact Investing and supports a lead transaction officer in evaluating and executing affordable housing real estate transactions (emphasis on LIHTC, PBS8, and self-restricted workforce deals). The role involves work across numerous U.S. geographies and supports transaction officers on acquisitions and dispositions, including financial modeling, research and analysis, investment memorandums, and communication with internal and external stakeholders. The affordable acquisitions are primarily on a direct basis, with some joint ventures possible. The position works independently under general supervision.
Key Responsibilities And Duties
Independently analyzes, underwrites, and assists with bidding, due diligence, and closing of affordable housing preservation real estate investments that fit client business plans across multiple U.S. markets (approximately 75% of transactions are Capital A affordable investments including expiring LIHTC and PBS8 opportunities).
Evaluates investments and returns using discounted cash flows, return on cost, development spreads, and third-party leverage.
Strengthens internal relationships with asset management counterparts to transition new acquisitions and position assets for sale.
Develops external relationships with market participants, including the affordable brokerage community, owners, and lenders.
Coordinates and oversees the due diligence process for acquisitions.
Understands client investment strategies and collaborates with transaction officers to execute the investment strategy.
Drafts investment memorandums for internal committees, including the Senior Leadership Team and Investment Committee.
Educational Requirements
University (Degree) Preferred
Work Experience
2+ Years Required; 3+ Years Preferred
Physical Requirements
Sedentary work
Career Level
Mid-Senior level (6IC)
Required Qualifications
2+ years of commercial real estate (CRE) experience
Preferred Qualifications
3+ years of commercial real estate (CRE) experience
BA or BS
Affordable housing experience
Financial modeling experience in Excel
Knowledge of CRE, economics, finance, valuation, financing, accounting, and legal structures
Demonstrated ability to operate independently with strong written skills directed to internal and external clients
Ability to operate in a fast-paced team environment and manage deadlines
Related Skills Business Development, Due Diligence, Financial Analysis, Market/Industry Dynamics, Opportunity Strategy, Organizational Savviness, Real Estate Investments, Underwriting
Anticipated Posting End Date 2025-10-24
Base Pay and Benefits Base Pay Range: $98,900/yr - $121,000/yr. Actual base salary may vary based on experience, time in role, internal pay equity, performance, and location. The compensation package may include participation in incentive programs.
Company Overview Nuveen is a global investment leader, managing public and private assets for clients around the world on behalf of TIAA. We invest in real estate, infrastructure, and other assets to pursue lasting performance for clients and communities. Visit www.nuveen.com to learn more.
Our Culture of Impact We are on a mission to build on a 100+ year legacy, equipping associates with future-focused skills and AI tools. We are guided by values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. We strive for a collaborative, in-office culture that fosters learning and meaningful impact.
Equal Opportunity We are an Equal Opportunity Employer. We do not discriminate on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status. Our full EEO and Non-Discrimination statements are available on our careers pages.
Accessibility TIAA/Nuveen provides reasonable accommodations for applicants with disabilities. For accommodation requests, contact our Accessibility Support Team.
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Associate, Affordable Housing Acquisitions. This position reports to the Head of Impact Investing and supports a lead transaction officer in evaluating and executing affordable housing real estate transactions (emphasis on LIHTC, PBS8, and self-restricted workforce deals). The role involves work across numerous U.S. geographies and supports transaction officers on acquisitions and dispositions, including financial modeling, research and analysis, investment memorandums, and communication with internal and external stakeholders. The affordable acquisitions are primarily on a direct basis, with some joint ventures possible. The position works independently under general supervision.
Key Responsibilities And Duties
Independently analyzes, underwrites, and assists with bidding, due diligence, and closing of affordable housing preservation real estate investments that fit client business plans across multiple U.S. markets (approximately 75% of transactions are Capital A affordable investments including expiring LIHTC and PBS8 opportunities).
Evaluates investments and returns using discounted cash flows, return on cost, development spreads, and third-party leverage.
Strengthens internal relationships with asset management counterparts to transition new acquisitions and position assets for sale.
Develops external relationships with market participants, including the affordable brokerage community, owners, and lenders.
Coordinates and oversees the due diligence process for acquisitions.
Understands client investment strategies and collaborates with transaction officers to execute the investment strategy.
Drafts investment memorandums for internal committees, including the Senior Leadership Team and Investment Committee.
Educational Requirements
University (Degree) Preferred
Work Experience
2+ Years Required; 3+ Years Preferred
Physical Requirements
Sedentary work
Career Level
Mid-Senior level (6IC)
Required Qualifications
2+ years of commercial real estate (CRE) experience
Preferred Qualifications
3+ years of commercial real estate (CRE) experience
BA or BS
Affordable housing experience
Financial modeling experience in Excel
Knowledge of CRE, economics, finance, valuation, financing, accounting, and legal structures
Demonstrated ability to operate independently with strong written skills directed to internal and external clients
Ability to operate in a fast-paced team environment and manage deadlines
Related Skills Business Development, Due Diligence, Financial Analysis, Market/Industry Dynamics, Opportunity Strategy, Organizational Savviness, Real Estate Investments, Underwriting
Anticipated Posting End Date 2025-10-24
Base Pay and Benefits Base Pay Range: $98,900/yr - $121,000/yr. Actual base salary may vary based on experience, time in role, internal pay equity, performance, and location. The compensation package may include participation in incentive programs.
Company Overview Nuveen is a global investment leader, managing public and private assets for clients around the world on behalf of TIAA. We invest in real estate, infrastructure, and other assets to pursue lasting performance for clients and communities. Visit www.nuveen.com to learn more.
Our Culture of Impact We are on a mission to build on a 100+ year legacy, equipping associates with future-focused skills and AI tools. We are guided by values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. We strive for a collaborative, in-office culture that fosters learning and meaningful impact.
Equal Opportunity We are an Equal Opportunity Employer. We do not discriminate on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status. Our full EEO and Non-Discrimination statements are available on our careers pages.
Accessibility TIAA/Nuveen provides reasonable accommodations for applicants with disabilities. For accommodation requests, contact our Accessibility Support Team.
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