Associate, Acquisitions, Residential

Overview

RMR Residential, which is part of The RMR Group (Nasdaq: RMR), is a vertically integrated platform focused on multifamily properties across the U.S. Sunbelt. The Senior Analyst/Associate role assumes broad responsibilities including financial analysis and modeling, assisting in transaction due diligence, market research and preparation of internal investment memoranda.  This position is an excellent opportunity for someone with a strong interest in developing a career in real estate investment.

Responsibilities

The activities listed below are not all-inclusive but indicate the type of activities typically performed in this role.  Other duties may be assigned.

• Develop and utilize acquisition models to evaluate residential investment opportunities
• Review and analyze offering memoranda, operating statements, rent rolls, and other property-specific data to develop underwriting assumptions
• Analyze demographics, employment growth, competitive supply, demand, rent growth, absorption, property tax and insurance projections to evaluate investment opportunities
• Assist with transaction due diligence including the coordination of internal and external resources
• Communicate with third parties including capital partners, brokers, lenders, consultants, etc.
• Conduct market and property due diligence through site tours, broker meetings and third-party research
• Prepare detailed market surveys of an acquisition target’s competitive set, including the analysis of comparable sales
• Effectively prepare, communicate and present investment memoranda to senior management and equity partners
• Research overall target market and investment sub-market conditions
• Prepare quarterly market updates for Fund Investors, highlighting current economic and capital market conditions
• Monitor competitive properties in the region, historical sales transactions and perform other market research initiatives as needed

Qualifications

• Bachelor’s degree in finance, Real Estate, Economics, or a related field
• Minimum of 1-3 years (Sr Analyst Level) & 3+ years (Associate Level) of experience in real estate investment analysis, with a focus on multifamily CRE. Previous experience in real estate equity investment or brokerage strongly preferred.
• Proficiency in financial modeling, valuation techniques, and real estate investment software
• Strong analytical skills for interpreting and presenting complex financial data.
• Solid understanding of commercial real estate markets, trends, and investment strategies
• Excellent written and verbal communication skills for reporting and presentation
• Highly organized, detail-oriented, and capable of managing multiple active deals to meet deadlines in a fast-moving environment.
• Familiarity with legal and regulatory aspects of real estate transactions a plus

Supervisory Responsibility 

 

Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws.  Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. 

 

Physical Demands 

 

The work is not physically demanding. Typically, the associate may sit comfortably to do the work. However, there may be some walking; standing; bending; carrying of moderate items such as papers and boxes. No special physical demands are required to perform the work. 

 

Working Conditions 

 

The typical day is taking calls, computer transactions, and correspondence.  Repetitive keying may be required.  The work environment involves everyday risks or discomforts which require normal safety precautions typical of such places as offices, meetings and training rooms.  The work area is adequately lighted, heated, and ventilated. 

 

The work environment and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. 

 

I fully understand the content of this job description, have had the opportunity to ask questions regarding this job description, and have had the job duties and responsibilities, qualifications, and physical demands and working conditions explained to me.   I am capable of performing the essential functions of this job with or without reasonable accommodation. If I need accommodation, I will ask the hiring manager for it.  

Total Rew