Olive Tree is looking to expand its scaled, vertically integrated multifamily investment operation to new growth markets nationally. In order to facilitate this growth, we are looking to bring on several energetic and entrepreneurial ASSOCIATES; each of whom will be responsible for driving top-decile multifamily acquisition opportunities in 5-7 geographically proximate growth markets in the U.S. 

Olive Tree is focused on investments in C & B class value-add multifamily properties in growing markets in the Southern US. The firm then executes a value-add strategy to renovate the asset and improve the quality of on-site staff, thereby driving significant NOI growth for the asset. The Life Properties is the property management arm of Olive Tree Holdings and focuses on site management at each location.

We are seeking an Acquisitions Associate to focus on sourcing new deals and growing our portfolio in the Pacific Northwest! This role will focus on deals in the Seattle market and can sit either in SEATTLE OR OUR NEW YORK corporate office. 

Olive Tree offers a base salary (range: $100,000 to $120,000) as well as a performance based bonus targeted at 75% in year 1. We also offer a full benefits package including 401k with company matching, with a solid team that supports your personal and professional growth that is willing to make investment to help you achieve your long-term goals.

 WHAT YOUR DAY TO DAY WILL LOOK LIKE:

As an Associate in the Acquisitions Department, you will be responsible for deal sourcing and underwriting opportunities within your covered geography.

• Source multi-family investments through various channels in your target markets
• Evaluate and underwrite new deals
• Maintain and organize deal pipeline, including bid dates, contract signings, and closings
• Coordinate with other members of team throughout capital raising and diligence process to ensure execution

TARGET QUALITIES:

• RELATIONSHIP-BUILDER: Establish and maintain relationships with top multi-family brokers in assigned coverage markets.
• HIGH-ENERGY HUNTER: Maintain a sense of urgency in underwriting inbound opportunities to quickly determine which opportunities are sufficiently attractive.
• FOLLOW-UP MACHINE: Business is won on the third and fourth follow-up. Be ready and willing to maintain a sense of urgency, organization, and discipline with follow-up to pull attractive opportunities across the finish line.
• PROACTIVE BUILDER: We not only respond quickly to inbound deal opportunities but also create internal lists of highly attractive deals. Be prepared to methodically follow-up with broker or seller contacts to chase down these opportunities.
• EFFECTIVE COLLABORATOR: Our culture is one of teamwork and collaboration. We do not compete against each other internally - we are one team. Be prepared to collaborate internally with VP of Acquisitions, Transaction Manager, Chief Construction Officer, and other leaders to facilitate deals. Our ethos is mutual understanding and collaboration.
• WHEN OPPORTUNITY STRIKES: Be ready to jump on a plane to touch the asset and its comps.
• DYNAMIC THINKER: Most deals are not sufficiently attractive to warrant our interest. We are looking for candidates who can think quickly on their feet and in the flow of conversation spot the right opportunities and re-focus the conversation on those deals. You don’t need to be a rocket scientist but you need to possess above-average quantitative aptitude.
• ATTENTIVE TO DETAIL: It’s important to see the big picture but the way the organization benefits from your efforts is by knowing that your work-product is bulletproof. Therefore, we are looking for candidates who respect the details and check their work.
• POSITIVE AND EMPATHETIC PROFESSIONAL: We expect you to be diplomatic, tactful, and supportive to your teammates and key counterparts externally.
• CAPABLE COMMUNICATOR: strong communication skills: oral and written.
• SELF-STARTER: internally-motivated, well organized, and results driven professional.

WHAT YOU WILL NEED TO SUCCEED: Successful candidates will possess the following qualities: prior multi-family brokerage or acquisitions experience, strong relationship-building skills, strong organizational skills, and quantitative aptitude.

• Bachelors Degree a plus
• 3+ years of multi-family work experience with a focus on prior experience in multi-family sales brokerage, debt brokerage or acquisitions.
• Willing to travel across the continental US.
• A proven ability to execute effectively across a multifamily portfolio.
• Highly motivated, strong leadership skills
• Ability to work autonomously, be proactive, and multi-task.
• Strong work ethic, integrity, and ability to thrive in a dynamic entrepreneurial environment.
• Comfortable in a collaborative team-based setting.
• Excellent interpersonal, verbal, and written communication skills.
• Proficient with technology (Smartsheets, Excel, etc.) to effectively track and manage KPI’s