Essex // Acquisitions Associate
JOB SUMMARY:
Essex’s Investment team is seeking a highly motivated and analytical Acquisitions Associate to join our dynamic team. The successful candidate will play a key role in identifying, analyzing, and executing real estate acquisition opportunities that align with our investment strategy. As an Acquisitions Associate, you will work closely with the acquisitions team underwriting potential investments, conducting due diligence, and contributing to the overall success of our real estate portfolio.
Please note that this job position entails in-person office requirements for a minimum of 3 days per week: Mondays, Tuesdays, and Wednesdays, located at Essex's corporate offices in Irvine, CA or San Mateo, CA.
COMPANY OVERVIEW:
Essex Property Trust is a leading multifamily Real Estate Investment Trust (REIT) focused on the strategic acquisition, development and management of multifamily properties on the West Coast. Our commitment to delivering exceptional value to investors is driven by a team of talented professionals who are passionate about real estate and investment success.
RESPONSIBILITIES:
Financial Modeling and Analysis:
Develop and maintain detailed financial models to support the underwriting and valuation of potential acquisitions. Conduct sensitivity analyses to assess risk and return profiles of prospective deals. Proactive transaction pipeline management and reporting.
Deal Sourcing and Evaluation:
Assist in actively sourcing and identifying potential real estate acquisition opportunities through market research, networking, and relationship building. Evaluate potential deals based on financial models, market analysis, and investment criteria to assess their viability and alignment with the company's investment strategy.
Due Diligence:
Collaborate with cross-functional teams to conduct thorough due diligence on potential acquisitions, including legal, financial, and physical aspects.
Market Research:
Stay abreast of real estate market trends, economic indicators, and industry developments to identify emerging opportunities and potential risks. Provide market research and analysis to support investment decisions.
Transaction Execution:
Assist in the preparation of investment memoranda, presentations, and other materials for internal and external stakeholders. Collaborate with legal, finance, and other teams to ensure a smooth transaction process from initial negotiations to closing.
Relationship Management:
Cultivate and maintain relationships with brokers, sellers, and other industry professionals to enhance deal flow and stay informed about market dynamics.
Qualifications:
Bachelor's degree in Finance, Real Estate, or a related field; Master's degree or CFA designation is a plus. 2-5 years of experience in real estate acquisitions or investment, private equity, investment banking, or a related field. Strong financial modeling and analytical skills. Excellent communication and collaboration skills and strong attention to detail. Ability to work collaboratively in a team-oriented environment. Knowledge of real estate markets, valuation techniques, and investment strategies.