The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Acquisitions and Asset Management Associate

Acquisitions and Asset Management Associate

Salary
Competitive
Employment
Full Time
Work Place
Remote
Real Estate Field
Location
 TX
Postal Code
77379
Country
United States

This job is no longer active.

Description


Acquisitions and Asset Management Associate

A fast-growing multifamily investment firm focusing on acquisitions of 150+ unit apartment complexes in Texas is seeking a full-time Acquisitions and Asset Management Associate. The firm has ~$300mm in AUM and has acquired ~1,400 units in Houston. This is an excellent opportunity to work closely with the firm’s founder, assume significant responsibilities, and make a pivotal impact on the continued expansion of the business. The position will be remote; TX applicants are preferred but others will be also seriously considered.

Responsibilities:

  • Screen, assess, and underwrite multifamily investment opportunities
  • Submit LOIs on potential acquisitions
  • Point of contact for due diligence and debt financing for acquisitions
  • Support the closing process
  • Develop, maintain, and analyze comprehensive financial models, integrating both historical and proforma information, evaluate ongoing operating performance of the assets relative to underwriting and perform sensitivity analysis based on various scenarios
  • Creating and sending out monthly investor letters
  • Review monthly property management reports
  • Interface with brokers, JV partners, attorneys, lenders, property managers, and other market participants
  • Communicate with third party property management as well as insurance and real estate tax consultants and other third-party providers as needed
  • Assist with lender reporting, participate on lender calls
  • Prepare lender draw requests, reserve release requests
  • Track loan covenants and interest rate cap replacement requirements
  • Oversee renovations and CapX projects at existing properties
  • Assist in the development of annual budgets on a property-by-property basis, including revenue assumptions and expense analysis
  • Contribute to the firm's due diligence efforts on potential investments and asset dispositions
  • Create financial models tracking distributions
  • Ad hoc projects and analysis, as needed

 Qualifications and Desired Skills:

  • Bachelor’s degree from a four-year university in real estate, finance, accounting, or related field of study
  • 4-5 years of experience with a commercial real estate firm, preferably with a focus on multifamily
  • Proficiency in Microsoft Word, Excel, and Outlook required
  • Proficient with multifamily PMS (OneSite, Yardi)
  • Exceptional verbal and written communication skills
  • Strong interpersonal skills and ability to develop and foster industry relationships
  • High levels of organization and keen attention to detail
  • Working knowledge of real estate valuation and financial modeling
  • Ability to read and interpret property financial statements including income statements and balance sheets
  • Entrepreneurial spirit who works well autonomously
  • Ability to travel for site visits and property tours as needed

Compensation:

  • Competitive salary based on commensurate experience – base salary + bonus
  • Position will start as 1099 for the first three-six months and then convert to a W2 role
  • 15 Days PTO and paid national holidays
  • Health insurance allowance (monthly stipend)
  • Entrepreneurial work environment – playing an integral role in shaping the company’s growth and direction
 

Job Sector


Not specified

 

Experience


Not Specified


This job is no longer active.

Asset / Portfolio Management Full Time TX Acquisitions, Asset Management, Due Diligence Acquisitions and Asset Management Associate other