Hill Tide Partners is currently looking to expand operations into the Midwestern US and California by partnering with an experienced real estate development executive. Details regarding both opportunities are below.

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Hill Tide Partners Operating Partner – California

 

Summary/Objective

Hill Tide Partners, a real estate investment company that provides growth capital and investment services to its strategic operating partners, is looking to expand operations into California by partnering with an experienced real estate development executive in California or the surrounding area. The ideal partner will be able to apply their knowledge and experience in developing projects utilizing Low Income Housing Tax Credits (LIHTCs), subsidies and grants for projects based in California.  All Hill Tide operating partners have significant experience managing the LIHTC multifamily housing development process from site selection through application, construction and stabilization. The California operating partner will be responsible for running the day-to-day operations of the jointly owned development company.

 

About Hill Tide Partnerships

 Hill Tide Partners focuses on forming strategic partnerships with experienced affordable housing developers. Our partners have partial ownership in the businesses they run and the projects they develop. Our relationship with every partner is unique, but the typical Hill Tide role includes: providing capital in the form of financial backing for guarantees, salaries, overhead and pursuit costs; administrative support (IT, HR, Accounting, Marketing, etc); assisting partners with the placement of debt and equity for their transactions; and serving as a development partner and guarantor for deals sourced by the firm and its partners. We seek out partners who share common values, and we maintain a strong focus on building and preserving long-term relationships.

 

Key Partner Responsibilities

  • Locate and evaluate LIHTC development opportunities for multifamily housing sites in California and surrounding regions.
  • Manage the development process from site selection to development and stabilization.
  • Lead the application effort with support from Hill Tide.
  • Have complete knowledge of the California Qualified Application Plan (QAP).
  • Negotiate and execute land contracts and applicable extensions if necessary.
  • Coordinate site development activities from site acquisition to rezoning (if necessary) and construction.
  • Maintain relationships with state and local housing officials, management companies, contractors, consultants, political leaders, and land brokers.
  • Collaborate with Hill Tide to produce an annual budget and development goals for the joint development firm.

 

Required Experience

  • The ideal partner must have experience developing a minimum of four multifamily LIHTC projects with at least one being in California.

 

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Hill Tide Partners Operating Partner – Midwest  – (Indiana, Ohio, Michigan, Wisconson, Minnesota)

 

Summary/Objective

Hill Tide Partners, a real estate investment company that provides growth capital and investment services to its strategic operating partners, is looking to expand operations into the Midwestern US by partnering with an experienced real estate development executive. The ideal partner will be able to apply their knowledge and experience in developing projects utilizing Low Income Housing Tax Credits (LIHTCs), subsidies and grants for projects based in the Midwestern United States.  All Hill Tide operating partners have significant experience managing the LIHTC multifamily housing development process from site selection through application, construction and stabilization. The Midwestern operating partner will be responsible for running the day-to-day operations of the jointly owned development company.

 

About Hill Tide Partnerships

Hill Tide Partners focuses on forming strategic partnerships with experienced affordable housing developers. Our partners have partial ownership in the businesses they run and the projects they develop. Our relationship with every partner is unique, but the typical Hill Tide role includes: providing capital in the form of financial backing for guarantees, salaries, overhead and pursuit costs; administrative support (IT, HR, Accounting, Marketing, etc); assisting partners with the placement of debt and equity for their transactions; and serving as a development partner and guarantor for deals sourced by the firm and its partners. We seek out partners who share common values, and we maintain a strong focus on building and preserving long-term relationships.

 

Key Partner Responsibilities

  • Locate and evaluate LIHTC development opportunities for multifamily housing sites in target states.
  • Manage the development process from site selection to development and stabilization.
  • Lead the application effort with support from Hill Tide.
  • Have complete knowledge of the applicable states’ Qualified Application Plan (QAP).
  • Negotiate and execute land contracts and applicable extensions if necessary.
  • Coordinate site development activities from site acquisition to rezoning (if necessary) and construction.
  • Maintain relationships with state and local housing officials, management companies, contractors, consultants, political leaders, and land brokers.
  • Collaborate with Hill Tide to produce an annual budget and development goals for the joint development firm.

 

Required Experience

  • The ideal partner must have experience developing a minimum of four multifamily LIHTC projects.