What are the responsibilities and job description for the Investment Analyst position at Elmington?
Elmington Capital Group is a private real estate investment and development firm headquartered in Nashville, Tennessee. Elmington focuses on commercial real estate opportunities that provide income return and capital appreciation through a diverse array of strategic initiatives.
Elmington Residential is one the leading developers and acquirers of Built-to-Rent (BTR) products in the Southeastern United States. To date, ERES has developed over 1,000 units with a significant pipeline of units in development. Our group focus includes the development and acquisition of BTR products along with the acquisition of market-rate multifamily communities.
RESPONSIBILITIES
The Investment Analyst is a key member of the deal team and contributes to the execution of all developments and acquisitions of BTR projects. The Analyst will primarily focus on underwriting, financial analysis, due diligence, investor relations, research, debt/equity, and the overall management of the complete development process including financing, construction, operations, and dispositions.
The position will have daily exposure to the Elmington executive team, senior team members, large financial institutions, private equity firms, and other key external stakeholders.
- Perform complex real estate financial analysis using Microsoft Excel including IRR, NPV, JV Waterfall, sources & uses, and sensitivity analyses.
- Coordinate production of equity and lender financing packages and Investment Committee packages.
- Assist in formulating deal structures considering the transaction's legal, financial, real estate, and investor/capital aspects.
- Lead all Closing processes including equity, construction loan, and perm financing agreement negotiations and equity/debt due diligence closing checklists completion.
- Research new financing opportunities, tracking financial market trends and activity.
- Research housing policy and multifamily/BTR dynamics in target markets. Track local supply/demand, comparable properties, competitive landscape, market rents, and other local dynamics.
- Assist in the site selection, land contract negotiation processes, and acquisition opportunities. Manage owner/broker relationships and ensure land contracts remain in compliance.
- Develop and maintain strategic relationships with capital providers, brokers, other developers, property owners, city staff, and other key stakeholders.
KNOWLEDGE/SKILLS/ABILITIES
- Keen Interest in real estate investing and development.
- Ability to work in a challenging, entrepreneurial environment and handle multiple projects simultaneously, including travel on an as-need basis. Accuracy and attention to detail is critical.
- Strong written and verbal communication skills.
- 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.
EDUCATION/EXPERIENCE
- Bachelor's degree required with a concentration in real estate, finance, business, engineering, or accounting.
- 2-4 years experience in real estate, investment banking, or management consulting is preferred
The company will recruit, hire, train, promote, and compensate its employees based upon factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunity regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified.