April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the preservation and creation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.
As of the date on which this job advertisement is posted, the Company anticipates that the base hourly range for this role is $25/per hour (undergrad) – $30/per hour (rising senior).
Responsibilities:
The Investments team at April Housing, working closely with Blackstone, is responsible for underwriting, structuring, and closing of acquisitions, dispositions, partner buyouts, preservation, and other strategic capital transactions for one of the largest affordable housing portfolios in the country. As an intern, your responsibilities will include:
- Supporting analyses that drive investment decisions on acquisitions, dispositions, and preservation efforts.
- Supporting initial underwriting efforts of properties in conjunction with capital transactions.
- Preparing investment reports and memorandums to gain approval for projects in the investment pipeline.
- Assisting with internal status updates and other reporting to key stakeholders at April and Blackstone.
- Tracking deal progress during the marketing, due diligence, and closing phases of a transaction.
- Researching specific investment terms and data points to streamline the transaction process.
- Researching and summarizing the latest investment trends in the affordable housing market.
Qualifications:
Here's a bit about what your background should be:
- Interest in exploring or continuing a career in affordable housing.
- Pursuing a degree in accounting, finance, real estate, economics, or business with a finance/accounting concentration.
- Min GPA-3.0
- Working knowledge of the Microsoft Office suite; advanced knowledge of MS Excel preferred.
- Excellent organizational skills and attention to detail.
- Outstanding analytical and problem-solving skills.
- A naturally collaborative nature with good communication and interpersonal skills.
- Ability to work in a full-time capacity for 10 weeks, summer 2025.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information, confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.
