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Analyst, Acquisitions

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
San Francisco
 CA
Postal Code
94108
Country
United States

This job is no longer active.

Description


Berkshire Residential Investments is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire aspires to improve lives through expert capital stewardship and exceptional living experiences. Berkshire invests in affordable, middle-income, market-rate, and luxury apartments as well as senior housing, active adult housing, student housing, and residential asset-backed debt, based on specified investment strategies, and creates unparalleled living experiences for our residents.


BASIC PURPOSE:


The Acquisitions Analyst will be tasked with assisting in the underwriting and sourcing efforts of acquisition, development, and debt investment opportunities for Berkshire in markets across country.

ESSENTIAL FUNCTIONS: (These are the main duties/tasks of the position)


The Analyst will assist the Acquisitions team in all aspects of sourcing and underwriting acquisition opportunities:

  • Underwrite the value of multifamily real estate
  • Shop comparable properties to determine competitive amenities, rents, and sales prices
  • Assist in conducting due diligence on properties targeted for acquisition
  • Develop and apply quantitative models to deals under consideration for acquisition
  • Sales comp tracking – pull down sales data from various data sources/organize & maintain
  • Deal tracking – catalogue all acquisition/investment opportunities, download all materials, and maintain/organize them on local network drive
  • Development pipeline tracking – maintain and keep up to date all development opportunities in key target markets
  • Assist in composing written summaries and memorandums regarding potential acquisitions for review by both department and Board of Partners
  • 15-20%+ travel required

The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor is to limit the Company right to assign other functions to an employee in this position.  This job description does not constitute a written or implied contract of employment.

JOB QUALIFICATION REQUIREMENTS:

Knowledge/Experience:

  • A minimum of 1-2 years of professional work experience is required, ideally in multifamily real estate
  • Understanding economic indicators as they relate to valuing multifamily real estate
  • Ability to apply historical trends to current conditions to anticipate post-acquisition property performance
  • Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash-on-cash returns, and others
  • Ability to recognize value creation potential and to create analysis resulting in approval of deals by the investment committee
  • Knowledge of all multifamily product types
  • Tenacity, patience, and perseverance to take deals from start to finish

Technical/ Educational Requirements:

  • Bachelor’s Degree in a related field
  • Excellent computer skills; experience with Microsoft Suite of products, ability to perform excel modeling including ROI, IRR, cash yields, PV calculations, and analysis; ability to become proficient with other asset management applications
  • Proficiency in MS Office, specifically Excel, Word, and PowerPoint, is required
  • Strong written and oral communication skills and be highly detailed with strong time management/prioritization skills
  • Ability to work independently and make appropriate decisions without specific direction

Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)

  • Stand and walk or sit alternatively depending on specific needs of the day
  • Have constant need to perform standing and walking activities related to inspecting the property and traveling between properties
  • Lifting/Carrying (paperwork, deliveries, files, miscellaneous):
    20 lbs. - 25 lbs. Rare need
    Less than 20 lbs. Frequent need
    Under 10 lbs. Constant need

Vision Requirements: (Visual needs for the position – color, small details, inspections etc.)

  • Constant need to complete forms, read and review reports and a wide variety of correspondence, view computer screen
  • Frequent need to see small detail

Hearing Requirements: (Hearing needs for the position –telephone, meetings, etc.)

  • Constant need to communicate over the telephone and in-person with various people and levels of management

Speaking Requirements: (Clarity, customer interaction, presentations, etc.)

  • Constant need to communicate over the telephone and in person
  • Must be comfortable speaking in front of small, medium, and large groups
  • Must be comfortable speaking to senior management

Driving Requirements: (Driving needs for the position – from property to property, travel, etc.)

  • Must have a valid driver's license and automobile insurance

Reasoning Development: (Low, Medium, High – for the ability to apply logical thinking to defined problem solving)

  • HIGH
    • Must be able to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate an appropriate course of action
    • Must effectively convey ideas, images, and goals to a diverse group of personalities

WORKING ENVIRONMENT: (Indoors, Outdoors, special things to know about job)

  • Office - Indoors, mostly
  • Outdoors; property visits
 

Job Sector


 

Experience


1+ to 2 years


This job is no longer active.

Acquisitions Residential San Francisco Full Time CA Financial Analysis, Underwriting, Due Diligence Vice President of Acquisitions other