Blackstone established a new portfolio company, April Housing, to serve as a leading provider of solutions and capital for the creation and preservation of high-quality affordable housing throughout the United States. April Housing will oversee an initial portfolio of over 90,000 affordable housing units in approximately 700 communities (“Initial Portfolio”) recently acquired by Blackstone Real Estate Income Trust (BREIT) from AIG and others. The new company will be a real estate asset management business that oversees both the Initial Portfolio and Blackstone's potential future acquisitions and developments in the LIHTC sector. April Housing, headquartered in Los Angeles, will benefit from both the knowledge and dedication of legacy AIG employees and additional leadership to enable growth.

This new business is about much more than creating value for our investors. These communities provide critical affordable housing for many Americans. We genuinely care about our residents and their wellbeing and are committed to being fair, transparent, and responsive to all. We are also committed to making significant improvements to these properties and aligning the operations with Blackstone's Standards of Excellence in Residential Operations while ensuring they remain affordable and in compliance with all rent regulations. Additionally, we will seek opportunities to leverage our scale and our partners in this sector to expand the supply of affordable housing. Finally, within the new company, we will create a culture of inclusivity and respect where the pursuit of excellence, in all its forms, is rewarded.

Are you ready to join a socially conscious company and make a difference every day?  Read on!  

We are seeking an Analyst in the Investments group to join the company’s Los Angeles Office. Working in partnership with Blackstone and April Housing, the Investments Analyst will identify, underwrite, and acquire affordable housing assets for Blackstone’s investment vehicles.

What you will do:

• Real estate investment underwriting, including detailed financial models and analysis to determine viability of potential acquisition opportunities for Blackstone’s investment vehicles
• Detailed market research and analysis, including economic, demographic, capital markets, and locational (submarket/micro-location) to identify key investment drivers and potential impacts
• Investment Committee presentation preparation and support
• Disposition analytical support, including OM review and preparation of pricing matrices
• Collaboration with internal partners/stakeholders including the Blackstone investment team and various specialist teams within April (Transaction Management, Asset Management, etc.)
• Communication with external parties, including brokerage firms, operators, appraisers, third-party vendors, etc
• Ad-hoc and special projects related to team infrastructure improvements, industry research, and potential investment opportunities

What you should have:

• Bachelor’s Degree – preferably in Real Estate or Finance
• 1-5 years of real estate industry experience, with a preference for multifamily or affordable housing
• Financial modeling expertise and an in-depth understanding of real estate fundamentals, preferably within multifamily or affordable housing
• Excellent communication skills, both written and oral, with the ability to convey complex information clearly and concisely
• Strong organizational skills and an attention to detail, with the ability to manage multiple projects simultaneously under tight timelines
• Ability to grow within the role and take on increased responsibilities over time
• Personal commitment to making a positive difference in affordable housing
• Some travel may be required depending on team needs

What we offer:

At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income.  You will be joining a dedicated team who live this mission every day. 

And we’re growing!  “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap. Over the next decade, we intend to invest over $500 million to improve our communities while keeping rents affordable for our residents.

And of course, we offer competitive pay and a full slate of benefits.

If any of this sounds interesting, apply today, and help us close America’s affordability gap!

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

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