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Acquisitions Associate

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Manhattan Beach
 CA
Postal Code
90266
Country
United States

This job is no longer active.

Description


DESCRIPTION

 

WGP is currently looking to hire an Acquisitions Associate to focus on building out the Company’s multifamily acquisitions department. This individual will report to and work directly alongside WGP’s two Co-Founders / Managing Principals and play a crucial role in expanding WGP’s multifamily investment platform. The position is ideal for someone who has proven they can thrive in an entrepreneurial, fast-paced environment and is eager to play an instrumental role within a young, rapidly growing organization. The role’s main responsibility will be to drive WGP’s acquisition initiatives but the individual will also be exposed to all facets of the company’s business including acquisitions, dispositions and investor relations.

 

KEY RESPONSIBILITIES INCLUDE:

 

  • Underwrite potential multifamily acquisitions by analyzing historical financial statements and performing market research/analysis
  • Prepare operating and capital expenditure budgets for potential acquisitions
  • Perform comprehensive in-depth property and market analysis to support model assumptions
  • Prepare memos and investor presentations based on model assumptions for internal and external use
  • Coordinate due diligence efforts with third parties and consultants.
  • Review and analyze due diligence results, comparing results to underwriting
  • Track and manage internal acquisition pipeline across multiple markets
  • Collect and manage rent and sales comps for internal database
  • Compute IRRs, sensitivity analysis, cash on cash yields, and prepare waterfall analysis
  • Correspond directly with listing brokers, third party property managers, contractors, and investors on behalf of the company as needed

 

SKILLS & QUALIFICATIONS:

 

  • At least three to five (3-5) years of commercial real estate experience, preferably within the multifamily industry
  • Undergraduate degree in accounting, finance or a related field required
  • Demonstrated ability to perform quantitative and qualitative analysis of real estate acquisitions using advanced financial modeling techniques
  • Experience sourcing, underwriting and closing multifamily real estate acquisitions in multiple markets
  • Demonstrated ability to manage & coordinate acquisitions/dispositions
  • Significant Microsoft Excel experience and proficient knowledge of all other Microsoft Office Products including Word, Outlook and PowerPoint
  • Demonstrated ability to consistently produce in a fast-paced environment without sacrificing attention to detail
  • A reputation as a self-starter who is resourceful and eager to collaborate with internal and external teams
  • Dedicated to building a career in real estate
  • Exceptional written and verbal communication skills

 

OTHER DETAILS:

 

  • Timing is immediate
  • Compensation will be commensurate with the market and the individual’s experience
  • Location is Manhattan Beach, CA but the candidate will be required to periodically travel to the Company’s assets in Arizona, New Mexico, Missouri and other future locations
  • Personal and professional references may be requested

 

ABOUT

Westgrove Partners (“Westgrove” or “WGP”) is a private real estate investment firm dedicated to multifamily acquisitions in the Western US. With a core-plus & value-add investment strategy WGP’s objective is to generate long-term capital appreciation and stable cash flow to its partners through careful investment selection and proactive management. WGP’s team has an extensive track record of successfully executing multifamily investment strategies, collectively contributing to the acquisition and management of over 25,000 units with a total capitalization of $2.5B across public and private investment platforms. Since its inception WGP has been actively investing in growth markets across the Southwest US completing over $200 million in total transaction volume with a diverse set of both institutional and high net worth investors. Visit www.westgrovepartners.com for more information.

 

Westgrove Partners is an Equal Opportunity Employer and drug-free workplace. All individuals are encouraged to apply.

 
 

Experience


2+ to 5 years


This job is no longer active.

Acquisitions Residential Manhattan Beach Full Time CA Business Development, Financial Analysis, Due Diligence Analyst, Real Estate Acquisition & Originations other