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Multifamily Acquisitions Associate - AZ / CO

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Denver
 CO
Postal Code
80112
Country
United States

This job is no longer active.

Description


TITLE: Multifamily Acquisitions Associate
LOCATION: Denver, Colorado


MIG Real Estate (“MIG”) is a privately-held real estate investment and development firm headquartered in Newport Beach, California. MIG invests in and develops multifamily, industrial/flex, hotel, retail and office properties located in the Western U.S. and Sunbelt states, with a focus on retaining full ownership of its real estate investments for value-add appreciation. Given MIG’s approximate $2.5 billion real estate portfolio, active exchange strategy and significant discretionary cash holdings, the company is poised for extraordinary growth.

The ideal candidate will have 3 to 5 years of prior experience in sourcing and underwriting multifamily properties in the Western United States (AZ, CO, UT) region with significant value add/reposition potential.

Job Duties and Responsibilities:

• Primary responsibility is to source potential multifamily investments that fit MIG’s acquisition strategy and preparation of detailed economic analysis that supports the potential investment.
• Identify and source acquisitions both on and off market, including direct from property owners. Candidates must be self-starters willing to “pound the pavement” if need be to find target assets.
• Must have experience recognizing and evaluating trends in financial statements, reviewing operating statements, rent rolls, and market rent comps; researching and analyzing demographic, economic, and real estate market data to recognize market trends in order to support all underwriting assumptions with a high level of certainty.
• Regular communication with those parties familiar with the assets and markets (investment sales brokers, lenders, property managers, tax advisors, attorneys, appraisers, and other third party service providers).
• Travel with acquisition team as needed to conduct on-site due diligence for potential new investments.
• Maintain detailed pipeline of potential new investments to be reviewed on a weekly basis.
• Be instrumental in the writing and production of investment memos and pitches.
• Ensure that objectives and timelines are being met. Prepare and deliver timely, accurate and complete reports as needed.
• Comfortable defending your investment thesis to a variety of stakeholders with compelling evidence.
• Be a key thought leader in evaluating target markets and real estate opportunities through the MIG investment acquisition process.
• Provide overall support for the multifamily team with a willingness to learn and an enthusiasm for commercial real estate.
• Performs other related duties as assigned.

QUALIFICATIONS AND QUALITIES:

• Strong working knowledge of Microsoft Excel, Word, Co-Star, and other asset / market level data analytics systems.
• Self-starter and motivated team player with ability to work independently.
• Must be able to work in a fast paced, entrepreneurial work environment.
• Excellent interpersonal, communication, and organizational skills.
• Detail oriented and able to handle multiple projects and deadlines.
• BS/BA degree in Real Estate, Finance or similar, MBA a plus.
• 3+ years of experience in a Multifamily Real Estate Acquisitions and Underwriting.
 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

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