What are the responsibilities and job description for the Acquisition Associate position at EYA?
Job Description
Job Description
Position Overview :
EYA, a leader in developing exceptional neighborhoods across the DMV (DC, Maryland, Virginia) area, is seeking an intrinsically motivated and entrepreneurial real estate Acquisition Associate to join our team. This role is pivotal in identifying, evaluating, and sourcing off-market real estate opportunities, focusing on properties suitable for redevelopment. The ideal candidate is a proactive deal sourcer with a strong network and local knowledge to the DMV area. They will leverage technology, broker relationships, and strategic analysis to secure high-probability opportunities that align with our goals. This role requires a balance of a focused approach and strategic execution, ideal for a candidate who is motivated, results-oriented, and willing to take initiative.
Are you ready to drive impactful real estate acquisitions in the DMV area? Join our innovative team and apply today!
Key Responsibilities :
- Identify and evaluate new market opportunities using tools such as CoStar, Crexi, broker relationships, and personal networks. Build and maintain relationships with brokers, landowners, attorneys, and institutional owners to source off-market deals.
- Develop and nurture strategic relationships with key stakeholders, including brokers, institutional owners, and local contacts to create reliable deal pipeline.
- Collaborate with senior leadership to develop and implement EYA’s acquisitions strategy, focusing on key geographic locations within the DMV and prioritizing actionable opportunities for growth.
- Actively engage with property owners and stakeholders, building trust and fostering long-term relationships to source and identify potential redevelopment opportunities.
- Analyze local zoning laws, market trends, economic factors, and redevelopment potential to assess site viability.
- Conduct financial and feasibility analyses to provide underwriting support, including reviewing pro formas, understanding site economics, and evaluating potential risks.
- Manage the lifecycle of deal execution, from idea generation and initial underwriting / pro-forma analysis to offer development, negotiation, LOI / PSA finalization, and executed PSA agreements. Ensure alignment with organizational timing and strategic goals.
- Work closely with leadership to bring deals from identification to execution, supporting negotiations and approvals.
- Manage the full lifecycle of deal sourcing, including detailed research, due diligence, and systematic follow-through to ensure thoroughness and accuracy.
- Maintain organized and detailed records of deals, contacts, and progress, ensuring accountability and consistent follow-up.
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