What are the responsibilities and job description for the Multifamily Associate position at 20/20 Foresight Executive Talent Solutions?
Company
Our client is a private, multifamily real estate acquisition, investment, and operating firm. They have a fast-growing platform with over 2,000 units and are looking for an Associate to be an integral part of their team. The Associate position is the perfect fit for someone interested in learning and growing their knowledge and experience in multifamily investments. The role allows the candidate to be involved in all facets of the multifamily operating and investment business, from acquisitions to asset management, construction management, investor relations, and accounting.
Position
The Associate position is the perfect fit for someone interested in learning and growing their knowledge and experience in multifamily acquisitions, management, and redevelopment. The role allows the candidate to be involved in all facets of the multifamily operating and investment business, from acquisitions to asset management, construction management, investor relations, and accounting.
The role will be split between all functions, allowing the candidate to be part of a growing multifamily owner / operator. The position will work closely with senior leadership to monitor and manage asset strategy, perform property-level due diligence, underwrite acquisition opportunities, review monthly financials, review and approve annual budgets, track capital expenditures, and track key performance indicators.
The candidate will work closely with acquisitions, property management, and construction management during the life cycle of each real estate investment. Other job functions include accounting assistance, investor reporting, quarterly valuations, due diligence, assisting with closings, and setting annual goals.
This position provides the candidate to participate in promote / carried interest in all opportunities.
Location : Dallas (in-person with no remote or hybrid)
Responsibilities
Daily responsibilities include, but are not limited to :
Acquisitions :
- Perform property and entity-level underwriting for multifamily opportunities across Texas, Georgia, Carolina, Arizona, and other select markets by analyzing rent rolls, financial statements, comparable information, and other property-level information.
- Communicate with partners, investment sales brokers, property management, construction management, and vendors.
- Conduct property tours and shop comparable properties for targeted properties.
- Put together investment summaries for new acquisition opportunities.
- Analyze new investment markets for market entry.
- Communicate with investors on new joint venture opportunities.
- Coordinate and lead due diligence team for newly acquired assets.
Asset Management & Construction Management :
Accounting and Investor Reporting :
Qualifications
