Acquisitions Associate (NY Residential Developer)

New York Permanent USD115,000 - USD140,000
  • Underwriting experience required - residential preferred
  • Strong understand of the full acquisitions and development process

About Our Client

My client is a national Real Estate Investment and Development firm with over $5B under development. They specialize in developing and constructing unique residential, commercial, and hospitality projects. With their growing pipeline they are looking to bring on a strong Acquisitions Associate (NY Residential Developer) to their New York office.

Job Description

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Description

The Acquisitions Associate (NY Residential Developer) will:

  • Analyze and underwrite new development and/or acquisition opportunities using complex financial modeling and market data analysis.
  • Draft investment memorandums and create presentations for acquisitions.
  • Research and analyze demographic, economic, and real estate market data to recognize market trends to support detailed deal-level due diligence and underwriting assumptions.
  • Foster and maintain active relationships with target market participants including investment sales brokers, property managers, lenders, and services to find and source off-market deals.
  • Support all aspects of development and/or asset acquisition process, including contracting, entitlement, design development, capital raising, construction, property management selection, and asset management.
  • Provide day-to-day oversight and leadership of 2-3 active development projects in the design and construction phase, reporting to in-house management.
  • Create and manage the development pro forma and schedule, including all draw activity. Prepare lender draw packages and monitor asset performance for compliance with loan covenants and other governing documents.
  • Manage assets effectively by collaborating with the property management companies, lenders, and other service providers.
  • Maintain detailed pipeline of potential new investments.
  • Occasional travel to conduct on-site due diligence for potential new investments may be required

The Successful Applicant

The Acquisitions Associate (NY Residential Developer) will:



  • 3+ years relevant professional experience preferred in real estate acquisitions (residential)

    * Strong communication skills (both written and oral).

    * Advanced real estate modeling and underwriting experience

    * Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel and PowerPoint).

    * Strong understanding of Profit and Loss statements and Balance Sheets.

    * A true self-starter capable of accomplishing complicated tasks with limited

    supervision.

    * Highly Analytical and excelled attention to detail.

    * A desire to work in a team environment while understanding the opportunity to

    move vertically.

    * Bachelor's degree in real estate, hospitality and/or finance. MBA/Master's

    degree preferred.

What's on Offer

Strong base + bonus

Contact
Miranda Mars
Quote job ref
JN-022022-5283715

Job summary

Sector
Real Estate
Sub Sector
Acquisitions / Disposals
Industry
Property
Location
New York
Contract Type
Permanent
Consultant name
Miranda Mars
Job Reference
JN-022022-5283715