Essential Duties and Job Responsibilities:
Responsibilities:
- Research and analyze targeted submarkets to gain additional knowledge of opportunities which may fit our investment criteria.
- Research rents, transactions, and other data in each of the submarkets.
- Analyze and underwrite property Net Operating Income (NOI) and market risk identifying the strengths, weaknesses, risks and mitigants on potential acquisition prospects.
- Reviewing broker submissions.
- Complete performance analysis to determine viability of acquisition.
- Liaise with Escrow and Title Representatives.
- Coordinate presentations to company’s principals.
- Manage database of brokerage contacts and deals evaluated.
- Prepare sophisticated cash flow models for underwriting opportunities and reporting to management.
- Supporting management in all aspects of an acquisition, including but not limited to due diligence, market research, and closing.
- Transition deals from potential deals to closing pipeline.
- Other relevant duties as assigned.
Qualifications:
- Bachelor’s degree in Economics, Business, Finance, or related emphasis.
- 2-3 years work experience in real estate acquisitions, preferably with low-income housing tax credit projects.
- Highly skilled in the use of MS Word , Excel, PowerPoint, and Outlook.
- Strong skill set in financial modeling.
- Strong fundamentals in real estate finance and accounting, passionate in deal structuring.
- Ability to read a GAAP financial audit and interpret balance sheets, income statements and statements of cash of flows
- Understand the financial and nonfinancial performance drivers.
- Strong organizational and analytical skills and ability to handle multiple priorities in a fast-paced environment.
- Excellent judgment and decision-making, interpersonal and time management skills with the ability to work under pressure and successfully meet deadlines.
- Strong verbal/written communication skills with demonstrated ability to exercise tact and diplomacy with internal team and outside parties.
Preferred qualifications but not requirements:
- Familiarity with affordable housing development, asset management or property management in the public or nonprofit sector.
- Ability to read/interpret limited partnership agreements, loan documents and regulatory agreements.
- Previous experience running an acquisition pipeline.
Additional Information:
This full-time exempt position comes with a competitive benefits package.