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Acquisition Associate

Salary
$150,000-$174,999
Employment
Full Time
Work Place
Office
Real Estate Field
Location
NY
 NY
Postal Code
11211
Country
United States

This job is no longer active.

Description


A privately held real estate investment firm focused on value-add multifamily real estate across prime areas of NYC is seeking to hire an acquisitions associate, who wants to work with our team in a friendly, entrepreneurial environment and has the ability to take on a key role. The role will report to the firm’s co-founder and will be part of a lean but rapidly growing team. Organization, time management and timely communication will be key success factors in performance. This is mostly a commission based role for originations.

 

Essential job responsibilities

  • Review and underwrite potential investment opportunities
  • Model and forecast asset performance, projected returns, varying debt scenarios, and equity waterfalls
  • Participate in the sourcing process by communicating with brokers, preparing LOI’s and buyer questionnaires
  • Participate in the due diligence process by coordinating and participating in site visits and market assessments
  • Work with asset and constructions management teams to conduct due diligence and develop business plans
  • Perform detailed market research on supply/demand fundamentals, economic trends, comparable sales, vacancy, and rental rates
  • Manage the closing process, working with title, escrow, legal, seller, and brokers to ensure timely and efficient closings
  • Work with lenders and mortgage brokers to obtain and compare loan quotes and manage the closing process
  • Maintain the firm’s potential investment pipeline, participate in weekly pipeline meetings, and create investment committee memoranda

Other competencies and skills

  • Team player who will get involved in the details
  • Strong work ethic with desire to succeed
  • Highly organized, detailed and solutions

Ideal candidate will have the following qualifications

  • Bachelor’s degree in Finance, Accounting, Economics, Real Estate, Business Administration, or related field of study.
  • 1-3 years of real estate or finance experience
  • Multifamily experience a plus, but not required
  • Advanced/expert proficiency with Microsoft Excel
 
 

Experience


1+ to 2 years


This job is no longer active.

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