Job Description
ACQUISITIONS ANALYST NEEDED FOR LUXURY REAL ESTATE INVESTMENT DEVELOPMENT FIRM
POSITION SUMMARY
The Acquisitions Associate/Analyst will be a Los Angeles-based position working directly with company partners to source & analyze potential acquisitions throughout the West coast. The Associate’s responsibilities will include:
- Creating & maintaining relationships with brokers, property owners, and other potential deal sources.
- Utilizing relationships to obtain both on & off-market acquisition opportunities.
- Touring properties with deal sources and conducting direct market research.
- Underwriting & analyzing properties and making acquisition/disposition recommendations.
- Maintaining a solid understanding of specific market fundamentals that may impact the areas we are looking to acquire assets.
- Providing support as needed throughout the acquisition & disposition cycle.
RESPONSIBILITIES
- Evaluating and underwriting potential new investment opportunities using an Excel-based model. The evaluation process may include, but is not limited to, the following activities: reviewing P&L statements, rent rolls, and tax statements; researching and analyze demographic, economic, and real estate market data to recognize market trends in order to support all underwriting assumptions with a high level of certainty; communication with those parties familiar with the asset and market (investment sales brokers, lenders, property managers, tax advisors, attorneys, appraisers, and other third-party service providers).
- Participate in investment committee meetings.
- Maintain a detailed pipeline of potential new investments to be reviewed on a weekly basis.
- Prepare investor memorandums for new acquisitions.
- Instrumental in the due diligence and closing processes.
- Provide overall support for company partners with a willingness to learn and an enthusiasm for commercial real estate.
- Performs other duties as assigned.
CANDIDATE QUALIFICATIONS & EXPERIENCE
Education: Strong academic background with a Bachelor’s degree required from a four-year college or university in a relevant field of study (business, finance, real estate, economics) with a 3.5 GPA or higher.
- Bachelor's degree (BA/BS) from a four-year college or university in a relevant field of study (business, finance, real estate, economics) with a 3.5 GPA or higher.
- A minimum of two (2) years experience and/or training as an analyst or related experience in multi-family acquisitions.
- Documented knowledge of real estate cash flow modeling using Microsoft Excel.
- Excellent written and verbal communication skills.
- Proven ability to network and build strong relationships within the industry.
- Detail-oriented with strong organizational and analytical skills.
- Ability to prioritize and work independently while also working well in a group setting.
- Ability to effectively and efficiently present information and interface with company leadership.
- Requires advanced analytical and quantitative skills.
- Be able to recognize and analyze trends in financial statements.
- Understanding of financial concepts (DCF, ROI, IRR, NPV, Cap Rate, etc.) and factors affecting these metrics.
- Intermediate to advanced skills with Microsoft Office Suite.
- Advanced skills with Microsoft Excel.
- Willingness to work long hours when necessary.
Company Description
CGI+ is a dynamic, entrepreneurial, fast-growing multifamily real estate investment and development firm based in Los Angeles. The firm’s existing portfolio includes multifamily, extended stay corporate housing, hospitality, and retail assets located in California and in key cities in the Southeastern and Southwestern U.S. CGI+ is embarking on an aggressive growth plan, with a goal of establishing itself as one of the nation’s premier investor and developer of multifamily communities in select strategic target markets across the nation. For more details, visit CGIPlus.com.