Acquisitions Analyst/Associate

POSITION SUMMARY

Elmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million-dollar company. As the leader in single family rental communities, Elmington Residential offers residents a place to call home: a home with exceptional design features, privacy, walkability, and a maintenance-free experience.

The Acquisitions Analyst/Associate at Elmington Residential is a key member of the acquisitions deal team and contributes to the execution of all acquisition projects. The candidate will primarily focus on underwriting new opportunities, performing financial analysis, leading due diligence tasks, coordinating with third-party vendors, preparing internal and external investor presentations and performing market research. The responsibilities will also include ongoing asset management tasks, such as property level financial statement review, variance analysis, budget review, and financial modeling updates. The candidate will be responsible for and gain exposure to the complete acquisitions process including underwriting, financing, operations, and dispositions.

The position will have daily exposure to the Elmington executive team, senior team members, large financial institutions, investment sales brokerage firms, private equity firms, and other key external stakeholders. The candidate will have the opportunity to join a small, entrepreneurial team, work directly with senior management, and gain exposure to a wide variety of residential real estate transactions nationwide.

To be an effective Elmington Residential teammate, you will need to:

• Have a great attitude.
• Have high expectations.
• Think BEYOND the box.
• Work with passion.
• Have a tireless work ethic.
• Be confident.
• Be self-sufficient and self-motivated.
• Take pride in your work.
• Be a good listener.
• Offer a solution with every problem.
• Be responsive and transparent.

KNOWLEDGE/SKILLS/ABILITIES:

• Exceptional verbal and written communication skills to liaise effectively with team members and leadership.
• Outstanding organizational skills to manage multiple priorities, tasks, and deadlines efficiently.
• Strong understanding of all aspects of real estate investment, development and financing processes, including but not limited to market analysis, financial analysis, property valuation, and capital markets.
• Ability to work in a challenging, entrepreneurial environment and handle multiple projects simultaneously, including travel on an as-needed basis.
• Team player who is organized, proactive, self-directed, conscientious and assumes accountability and responsibility for specific performance and work product.
• Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
• Ability to communicate clearly and concisely both orally and in writing.
• Strong quantitative and analytical skills, particularly with respect to real estate finance metrics.
• Well-versed in Microsoft Office suite with an emphasis on Excel and PowerPoint.
• Outstanding proficiency in creating complex financial models for real estate financial analysis using Excel.
• Demonstrable understanding of financial statements, use of comparative data, and financial forecasting is required.

ESSENTIAL JOB FUNCTIONS:

• Perform complex real estate financial analysis using Microsoft Excel, including IRR, NPV, JV Waterfall, sources & uses, and sensitivity analyses.
• Prepare equity and lender financing presentations and Investment Committee presentations.
• Lead all due diligence and closing processes coordinating with third party vendors, equity partners and lenders to make sure all necessary due diligence is complete.
• Research new acquisition initiatives and track investment sales activity and trends.
• Research multifamily/BTR dynamics in target markets. Track local supply/demand, comparable properties, competitive landscape, market rents, and other local dynamics.
• Perform market, economic and demographic research to evaluate markets and strategies for existing or potential investments.
• Assist in the deal selection and make recommendations to senior team members.
• Manage owner/broker relationships and track key contract dates to make sure they remain in compliance.
• Develop and maintain strategic relationships with capital providers, brokers, developers, property owners, city staff, and other key stakeholders.
Perform all other duties as assigned.

SPECIFIC EDUCATION OR EXPERIENCE:

• Bachelor's degree required with a concentration in real estate, finance, business, engineering, or accounting. Master's degree preferred but not required.
3-5 years' experience in commercial real estate, investment banking, private equity, or management consulting is required.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Frequently sit, stand and walk.
• Regularly required to talk or hear.
• Frequently required to use hands or fingers to handle or feel objects, tools or controls.
• Occasionally required to climb or balance, stoop, kneel, crouch or crawl.
• Occasionally lift and/or move up to 25 pounds.
• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus.
• The noise level in the work environment is usually moderate.
• Temperature in the workplace is typically moderate, though the ability to withstand seasonal cold and heat of the outdoors is necessary.

TRAVEL REQUIREMENTS:

The Elmington Residential Experience

We're creating a different kind of company at Elmington Residential. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington Residential is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington Residential could very well be the last company you ever work for.

Elmington Residential is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Elmington Residential makes hiring decisions based solely on qualifications, merit, and business needs at the time.