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Senior Associate Manager Multifamily Acquisitions

PRP Real Assets

Multifamily

Washington, DC

Salary Estimate: $110,000.00 - $140,000.00

Employment Type: Full Time

Work Place: Office

Experience Required: 5+ to 7 years

Education Required: 4 Year College

Job Description

Location: Washington, D.C.

Reports to: Matt Serenius, Director of Acquisitions – Multifamily

About PRP

PRP is a real estate investment management firm focused on high-quality multifamily, industrial, and net lease assets across the U.S. With a strong track record of sourcing and operating institutional-quality real estate, PRP is actively scaling its multifamily portfolio with a strategic emphasis on value-add and core-plus acquisitions in key growth markets.

Our multifamily strategy targets investments in vibrant, high-growth metros such as Northern Virginia, Richmond, Charlotte, Raleigh-Durham, Greenville, Columbia, Indianapolis, and Columbus. PRP plans to expand its multifamily portfolio by 3,000 units over the next 18 months, and we’re looking for high-potential professionals who want to grow with us.

The Opportunity

We are hiring a Senior Associate or Manager, depending on candidate qualifications, to join our Multifamily Acquisitions team. This role offers direct access to deal execution, capital relationships, and the opportunity to take ownership of key U.S. markets over time. The ideal candidate is entrepreneurial, driven, and experienced in underwriting, sourcing, and executing institutional-grade real estate transactions.

Responsibilities

· Source off-market and marketed transactions via relationships with brokers, developers, and owners

· Underwrite deals across PRP’s core and opportunistic multifamily strategies using Excel and Archer

· Develop and present investment memos and pitch materials for internal and external stakeholders

· Drive transaction execution: lead due diligence, coordinate third-party consultants, legal, and closing teams

· Interface with lenders and equity partners, including preparing financial models and deal presentations

· Support senior leadership in refining acquisition strategy and targeting high-value markets

· Collaborate cross-functionally with asset management, property management, and operations teams

· Travel to assets and markets as needed for diligence and relationship development

Ideal Candidate Profile

· 4–8 years of relevant experience in real estate acquisitions, investments, or capital markets

· Strong experience underwriting and closing deals in the $30M–$300M+ range (including portfolios)

· Advanced Excel modeling skills and comfort using Archer or similar underwriting tools

· Strong understanding of debt, JV structures, legal docs, and the full transaction lifecycle

· Excellent communication and presentation skills — able to confidently represent PRP to sellers, brokers, capital providers

· High integrity, proactive problem solver, and thrives in a fast-paced, entrepreneurial environment

Compensation & Benefits

· Competitive base salary

· Performance-based bonus and transactional participation

· Comprehensive healthcare, 401(k), and benefits

· Travel and business development support

· Long-term opportunity to grow into a leadership role

How to Apply

Please submit a resume and short cover note to cramsey@prprei.com, including a few sample transactions (with size, market, and role played). You can also DM us directly on LinkedIn or via your recruiting contact.

Other

PRA

PRP Real Assets

• 1-100 employees

As process-oriented investors, we focus on the fundamentals of real estate investing. On the asset level, our investment strategies are specifically tailored and structured to deliver success irrespective of market conditions and economic cycles. Through a detailed risk assessment and rigorous due diligence of every opportunity, we implement a twin focus: physically modernizing properties while improving operations through new management and leasing initiatives. We utilize the most appropriate capital structures at acquisition, tailoring terms and durations to suit the specific need of each project — with a leverage target of 65% of total project costs. Our unfettered access to the capital markets and deep relationships with lenders and institutional investors, ensures that we achieve the lowest cost of capital available in the industry.