Senior Acquisition Associate

THE POSITION

What You Can Expect To Do

• Provide financial analysis and underwriting of potential development opportunities utilizing Excel
• Develop detailed, complex financial models that are used by New Construction Team to value real-estate investments
• Maintain ownership of financial model throughout deal lifecycle, including responsibility for assumptions and calculations within model
• Perform rent studies and market tours for prospective and active development deals
• Communicate with and prepare investment presentations for investors, lenders, government agencies, vendors, sellers and brokers
• Prepare and maintain distribution worksheets; communicate to investors on distribution or asset updates
• Lead transaction execution and due diligence tracking efforts
• Oversee the engagement of third-party vendors, ensuring correct reports are ordered based on circumstances of the deal
• Review third-party reports and other diligence materials provided by broker or seller to inform and improve assumptions made in financial model
• Manage deal closing process, including preparation of closing statements and coordination among deal participants
• Prepare transition memo and work with internal teams— including Operations, Construction, and Compliance— to ensure smooth takeover/transition process and act as source of institutional knowledge regarding initial operating plans

• Keep deal timelines, Acquisitions templates and DD notes updated
• Assist in the preparation of tax credit applications for LIHTC deal, in coordination with local counsel and other internal teams
• Assist in the preparation of HUD assignment/MU2M applications, in coordination with HUD counsel and other internal teams
• Work with Capital Markets to ensure debt & equity investors have all necessary analyses and documentation
• Train Acquisitions Analysts who are helping on assigned deals when needed

What You Should Have

• At least 5-10 years of relevant work experience in the multifamily sector with focus on real estate finance and/or underwriting. Affordable housing experience preferred.
• Bachelor’s Degree - Finance, Accounting, Economics or Real Estate Concentration is a plus.
• Excellent verbal and written communication, organizational, presentation and analytical skills.
• Proficiency in Excel.
• Strong work ethic and attention to detail.
• Desire to work in a fast-paced, entrepreneurial environment.
• Ability to take ownership and commitment to follow through.
• Willingness to travel on occasion.

What You Should Be

• Curious, ambitious, and thoughtful by nature.
• A highly motivated person who values hard work.
• Well-rounded real estate finance professional: this role that will work with legal, construction, asset management and policy disciplines on a day-to-day basis.
• An independent self-starter; you don’t wait around too long looking for directions from others.
• Highly accountable; you take ownership, follow-through, meet deadlines, and care about the quality of your work product.
• Courageous or growing courageous; willing to put yourself out there, bet on yourself, take risks, and asks questions.
• A person who doesn’t get flustered under pressure or deadlines.
• A world-class communicator, or the desire to become one.
• Able to work collaboratively in a small team environment; willingness to “roll up your sleeves” and pitch in when and where necessary.
• Ready to work in a fast-paced environment and be part of an amazing team doing valuable work.