DescriptionLocation: 488 Madison Avenue, New York, NY (Hybrid)
Compensation & Benefits
- Salary Range: This position offers a salary range of $165,000 to $185,000, with the final offer determined based on the candidate's experience and relevant expertise.
- Benefits: Comprehensive benefits package through Catholic Charities, including health, dental, and vision.
- Vacation: 4 weeks of paid vacation annually, plus holidays.
The Senior Director of Preservation will design and lead a scalable investment platform that integrates disciplined real estate execution with a mission-driven, faith-based, and social-services mandate. This leader will oversee the end-to-end investment lifecycle-from structuring complex equity stacks involving internal capital, co-GPs, and institutional endowments, to delivering board-level strategic analysis.
Serving as a strategic partner to the CEO, the Director will institutionalize due diligence workflows and lead the financial engineering of high-impact transactions. By synthesizing data-including Year 15 performance, operating expenses, and audit analysis-to inform long-term growth strategies, they will ensure every acquisition is capitalized to optimize social and financial returns.
Platform Strategy & Capitalization
- Build the Platform: Lead the end-to-end investment lifecycle, from initial concept to board-level execution, ensuring every transaction aligns with a mission-driven, faith-based mandate.
- Entity & Partnership Buyouts: Identify and negotiate the acquisition of Limited Partner (LP) and General Partner (GP) interests from exiting entities to consolidate portfolio control.
- Capital Structuring: Engineer complex equity and debt stacks, integrating internal capital, co-GP partnerships, institutional endowments, and strategic equity funds to scale the acquisition platform.
- Strategic Exit Management: Execute buyouts utilizing creative deal structures-including non-cash or capital-efficient transfers-leveraging strategic tax advantages and mission-alignment to facilitate partner exits.
- Strategic Reporting: Author high-level investment memos and strategic analysis for the Catholic Homes Board, synthesizing financial returns, risk mitigants, and mission-fit within the 10 counties we serve.
Advanced Financial Engineering & Underwriting
- Portfolio Modeling: Oversee the development of sophisticated acquisition pro formas, including multi-year cash flow projections, development budgets, and sensitivity analyses.
- Regulatory Expertise: Direct the financial structuring of diverse subsidy environments, including LIHTC, Tax-Exempt Bonds, HPD/HDC term sheets, State/City tax exemptions, the HUD 202 program, and rent stabilization frameworks.
- Performance Optimization: Evaluate Year 15 transitions and recapitalization opportunities by synthesizing rent rolls, operating expenses, and audit data into long-term growth strategies.
Deal Sourcing & Pipeline Development
- Market Leadership: Maintain and expand a proprietary pipeline of off-market opportunities through high-level relationships with brokers, property owners, parishes, and community partners.
- Feasibility Oversight: Direct market research initiatives-including sales/rent comps and demographic trends-to identify emerging opportunities for social-service-integrated housing.
- Platform Expansion: Identify and vet new markets and partnership models to broaden the organization's footprint and impact.
Execution & Due Diligence Management
- Workflow Institutionalization: Establish and lead standardized due diligence workflows, coordinating legal counsel, third-party vendors, and internal stakeholders to ensure seamless execution.
- Public Financing Leadership: Spearhead the preparation and submission of complex financing applications for public agencies (HUD, HPD, HFA, HDC).
- Closing Oversight: Maintain accountability for critical dates, covenants, and contingencies to ensure timely, successful closings for all transactions.
Cross-Functional Leadership
- Operational Integration: Lead the integration of internal financial strategy with external social service and property management operations, institutionalizing a feedback loop that aligns acquisition assumptions with on-the-ground performance.
- Community Stewardship: Lead engagement efforts with residents and local communities to ensure property improvements and services genuinely address the needs of those served, maintaining faith-based values.
Qualifications
- Required:
- Bachelor's degree in Real Estate, Finance, Urban Planning, or a related field.
- Ability to build dynamic financial models from scratch.
- Understanding of real estate finance fundamentals.
- Strong written and verbal communication skills.
- Ability to operate independently in a fast-paced environment with limited supervision
- Commitment to the mission of providing high-quality housing for low-income New Yorkers.
- Preferred:
- 5-7 years of experience in affordable housing development or real estate finance.
- Familiarity with NYC specific agencies and regulatory agreements.
