What are the responsibilities and job description for the Acquisition Associate - Sales position at Silver Tree Residential, LLC?
Company
Silver Tree Residential, LLC (STR) is a privately-owned real estate and property management company that owns and operates senior and multi-family apartment communities across the country. In our ever-growing portfolio, we currently have 105 properties in 26 states totaling over 14,000 units. As long-term owners and operators of our communities, STR exists to provide the highest quality operations in senior and family housing. You can view more information about STR by visiting our company website at www.st-residential.com.
Description
STR is seeking an Acquisition Associate to be an integral part of an 8-member acquisition team in our East Memphis office. The ideal candidate is outgoing, goal-oriented, results-driven, and quantitative-minded. You will work in collaboration with the acquisition team and owner of the company to search for new opportunities that fit the company’s acquisition criteria.
Essential Functions and Responsibilities
- Perform 20 to 30 cold calls per day and generate warm leads.
- Work with our CEO to research and generate new acquisition strategies.
- Develop and build relationships with individual owners over the phone, in person, etc.
- Manage leads and follow up through daily Customer Relationship Management (CRM) use to update and stay on task until deals are closed.
- Prepare financial models for new acquisitions, including detailed cash flow and return analysis.
- Perform property and market research.
- Prepare Letters of Intent (LOIs).
- Negotiate Purchase and Sale Agreements (PSAs).
- Assist with conducting due diligence activities.
- Travel to prospect to meet new owners.
- Travel to visit deals under contract for Due Diligence (DD).
Ultimately, this position comes with opportunities for growth in responsibility as the individual gains experience as the business evolves.
Qualifications
The qualified candidate will meet the following minimum qualifications:
- Bachelor's degree in Business & Finance and/or Real Estate related field.
- Ideally, you will have experience in real estate or a sales-related field.
- Understand the sales process.
- Understand how to generate and close leads.
- Proficient knowledge of Excel and MS Office.
- Problem solving and analytical skills required.
- Must be a self-starter.
Compensation
For qualified candidates, STR offers competitive compensation. STR pays 100% of employee’s health insurance, plus $1,000 HRA account. Other benefits include free gym membership with trainers, free chef-prepared office lunches, cell phone allowance, and many more perks.
