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Sunsail Capital

Acquisitions and Asset Management Associate

Salary
Competitive
Employment
Full Time
Work Place
Remote
Real Estate Field
Location
 TX
Postal Code
77379
Country
United States

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Description


Acquisitions and Asset Management Associate

A fast-growing multifamily investment firm focusing on acquisitions of 150+ unit apartment complexes in Texas is seeking a full-time Acquisitions and Asset Management Associate. The firm has ~$300mm in AUM and has acquired ~1,400 units in Houston. This is an excellent opportunity to work closely with the firm’s founder, assume significant responsibilities, and make a pivotal impact on the continued expansion of the business. The position will be remote; TX applicants are preferred but others will be also seriously considered.

Responsibilities:

  • Screen, assess, and underwrite multifamily investment opportunities
  • Submit LOIs on potential acquisitions
  • Point of contact for due diligence and debt financing for acquisitions
  • Support the closing process
  • Develop, maintain, and analyze comprehensive financial models, integrating both historical and proforma information, evaluate ongoing operating performance of the assets relative to underwriting and perform sensitivity analysis based on various scenarios
  • Creating and sending out monthly investor letters
  • Review monthly property management reports
  • Interface with brokers, JV partners, attorneys, lenders, property managers, and other market participants
  • Communicate with third party property management as well as insurance and real estate tax consultants and other third-party providers as needed
  • Assist with lender reporting, participate on lender calls
  • Prepare lender draw requests, reserve release requests
  • Track loan covenants and interest rate cap replacement requirements
  • Oversee renovations and CapX projects at existing properties
  • Assist in the development of annual budgets on a property-by-property basis, including revenue assumptions and expense analysis
  • Contribute to the firm's due diligence efforts on potential investments and asset dispositions
  • Create financial models tracking distributions
  • Ad hoc projects and analysis, as needed

 Qualifications and Desired Skills:

  • Bachelor’s degree from a four-year university in real estate, finance, accounting, or related field of study
  • 4-5 years of experience with a commercial real estate firm, preferably with a focus on multifamily
  • Proficiency in Microsoft Word, Excel, and Outlook required
  • Proficient with multifamily PMS (OneSite, Yardi)
  • Exceptional verbal and written communication skills
  • Strong interpersonal skills and ability to develop and foster industry relationships
  • High levels of organization and keen attention to detail
  • Working knowledge of real estate valuation and financial modeling
  • Ability to read and interpret property financial statements including income statements and balance sheets
  • Entrepreneurial spirit who works well autonomously
  • Ability to travel for site visits and property tours as needed

Compensation:

  • Competitive salary based on commensurate experience – base salary + bonus
  • Position will start as 1099 for the first three-six months and then convert to a W2 role
  • 15 Days PTO and paid national holidays
  • Health insurance allowance (monthly stipend)
  • Entrepreneurial work environment – playing an integral role in shaping the company’s growth and direction
 

Job Sector


Not specified

 

Experience


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Asset / Portfolio Management Full Time TX Acquisitions, Asset Management, Due Diligence Senior Associate Portfolio Management other