Associate, Acquisitions

Location: Nashville, TN or Chicago, IL

Adventurous Journeys Capital Partners (“AJCP”) is seeking an Acquisitions Associate to support its rapid growth across various hospitality-focused investment platforms.

ABOUT AJCP

AJCP is a dynamic private equity investment and development organization with a portfolio of urban infill, lifestyle hotel, and luxury resort assets across North America and the UK. The firm’s core competency is the creation of distinctive, locally-inspired properties set in high-growth and high-culture environments with diverse demand generators. AJCP’s highly accomplished team leverages their hospitality-centric approach to investment, design, programming, and placemaking to drive long-term value creation in a portfolio of timeless real estate.

ABOUT THE ROLE

The Acquisitions Associate will be responsible for supporting all aspects of the deal process including, but not limited to, underwriting, market analysis, coordination of due diligence, preparation of investment memorandums and executive-level presentations, closing logistics, and post-closing handoff to asset management.

The role will interface directly with a variety of groups within AJ Capital Partners including Development, Asset Management, Capital Markets, Investor Relations, Operations and Marketing.

WHAT YOU WILL DO

• Underwrite a variety of hospitality, office, retail, food & beverage, mixed-use, and other real estate investment opportunities using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling
• Coordinate the origination of acquisitions and debt financings, including preparing offering materials, responding to lender due diligence requests, tracking offers, modeling proposals, and managing the closing process
• Conduct thorough market analysis for real estate acquisition targets
• Oversee the due diligence process across all aspects of the transaction including physical, financial, legal, and operational due diligence
• Maintain data rooms and facilitate communication between key stakeholders (including sellers, brokers, joint venture partners, financial institutions and legal) and coordinate transfer of materials
• Prepare investment memorandums for the firm’s investment committee
• Create executive-level presentations to support the deal process, including preparation of RFP responses and ad hoc presentations to other external and internal parties  
• Assist with the closing process including coordination with title companies on settlement statement and escrow, confirmation of insurance, and obtaining necessary internal approvals
• Work in collaboration with the asset management and on-property management teams following acquisitions for initial operating forecasts, capital expenditure plans, and other needs

WHO YOU ARE

AJCP is seeking a highly-motivated individual who enjoys working in a fast-paced, but disciplined, entrepreneurial environment.  The ideal candidate will have experience with real estate acquisitions and underwriting of a variety of real estate investments. This role also requires the following capabilities:

• Strong written and verbal communication skills
• Dedicated and consistent attention to detail
• Ability to draw conclusions from research and data analysis and communicate them effectively
• Highly motivated, organized, disciplined and self-directed individual who is eager to learn, deals well with uncertainty at times, and is able to multi-task efficiently
• Ability to work well and communicate effectively with a broad range of individuals and professions and foster working relationships with all members of the team and outside parties
• High degree of professionalism, integrity, and a strong work ethic driven by a desire for quality
• Ability to work and coordinate against firm deadlines
• Ability to work flexible or extended hours (including possibly on weekends) to accommodate increased workload/projects

YOUR QUALIFICATIONS

Required

• Bachelor’s degree in business, finance, real estate or related discipline
• 2-3+ years of relevant experience in real estate private equity or investment banking
• Advanced Microsoft Excel skills and financial modeling experience
• Intermediate Microsoft PowerPoint skills and presentation-making experience
• Proficiency with other Microsoft Office products (Word, Outlook, etc.) 

Equal Employment Opportunity:

AJCP is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.