What are the responsibilities and job description for the Acquisitions Senior Associate position at ColRich?
Our Story :
From South Africa to Southern California, the ColRich story is a decades-long journey of growth, continuous reinvention and a culture of caring which we call “ColRich Thrive.” Through generations of family ownership, the ColRich brand has evolved, but the company’s foundation remains the same today as in the beginning; build lasting communities through a culture centered around innovation, humility and a commitment to helping others .
Our Bio :
ColRich is a real estate, construction and investment firm focused on value-add, residential real estate in strategic locations in Eastern, Western and South-Central U.S. markets. Our platform’s sustainability is assured through long- term ownership enabled by long-term debt and equity. We are focused on enduring, tax-efficient cash flow for our investors.
In the multifamily space, we actively maximize cash-on-cash returns and capital appreciation by acquiring existing properties with upside through extensive renovation and improved management. Leveraging our unique homebuilding background and construction platform, we reposition these older properties as design-forward, affordable workforce housing alternatives to newer Class A product.
Our new development history includes the successful entitlement, construction, marketing and sales of single-family homes, townhomes, mid-rise condominiums and apartments. Currently we are bringing to market two master-planned, destination-oriented communities offering a combined 5,000 for sale and rental homes over a 10-year time horizon, and several individual new apartment developments (1,000 units).
With a service matters operating philosophy, our team is passionate about supporting residents across our portfolio, building better environments that fuel happier residents, improving investor returns and creating a strong sense of purpose that drives what we do every day.
Our Current Portfolio :
ColRich’s portfolio includes $1.1 billion of equity actively invested through the end of 2023 in 78 deals across 8 states in 16 different markets. All together, our multifamily and new development activities total nearly 19,000 housing units.
Our Approach :
A vertically integrated, hands-on approach is at the core of our company’s capabilities. Deep in-house construction, design, finance and asset management expertise ensures that our essential functions are managed internally and operationally intertwined to produce indisputable long-term value for our stakeholders. Our communities are built to last, offering enduring and stable environments where our residents will thrive.
Our DNA : Ever-evolving
Hardworking
Original thinkers
Competitively Humble
Personable
Seasoned Through Adversity
Our Mantra :
Build lasting communities
Our Location :
We are based in San Diego’s Little Italy neighborhood in walking distance to the 100 restaurants, bars & coffee shops we visit with our colleagues.
Position : Acquisition Sr. Associate – San Diego, CA
About the Role : The Acquisition Senior Associate is a key member of the ColRich acquisition team, responsible for identifying, analyzing and securing investment opportunities. This role involves sourcing potential acquisitions, conducting market research, financial modeling and collaborating with internal and external stakeholders to execute multifamily real estate transactions. The ideal candidate is highly analytical, detail-oriented, personable and passionate about multi-family investment & development.
Specific responsibilities include :
Deal Sourcing and Evaluation
- Identify potential multifamily acquisition opportunities through market research, networking and partnerships with brokers and industry contacts.
- Develop strategies for the repositioning of assets through strategic renovations and operation focused initiatives
- Conduct property due diligence, including reviewing rent rolls and leasing reports, operating reports, comparable sales, building code and zoning regulations, property condition assessments, environmental reports and estimations on replacement & renovation costs
- Monitor local market trends and economic indicators to identify submarkets with growth potential
Financial Analysis and Modeling
Transaction Management
Collaboration and Communication
Requirements :
Benefits :
120,000 - $160,000 depending on experience
Salary : $120,000 - $160,000
