Acquisitions Analyst - Contour

Pennrose•New York, NY

12h•$100,000 - $120,000

About The Position

Contour Housing Partners (“Contour”) is a housing preservation firm that raises and deploys mission-driven capital to preserve quality affordable housing in communities of need. The firm was formalized in 2022 by leaders of Pennrose, LLC, a nationally recognized, vertically integrated affordable housing development firm. The Acquisitions Analyst analyzes and underwrites potential investment opportunities for consistency with Contour’s business plan. The role involves researching real estate deal documents, audited financial statements, and property financials to develop detailed pro forma budgets and schedules for internal review. The analyst also works with third-party property management professionals to administer and report on property operating plans before and immediately after asset acquisition. The position offers the opportunity to work in a fast-paced, entrepreneurial environment alongside executive leadership to support decision-making, advance housing policies, and help improve the lives of households across the country. Pay range: $100,000–$120,000 per year, plus bonus depending on experience.

Requirements

At least 3 years of experience in an investment bank, investment sales group, private equity firm, commercial real estate lender or investor, or national real estate company.
Undergraduate degree.
Expertise in Excel-based financial modeling, including composing multi-tier waterfall structures.
Fundamental understanding of multifamily real estate and familiarity with joint venture structures.
Thorough comprehension of real estate finance, including DCF, NPV, IRR, cap rates, interest rates, and tax treatments.
Commitment to mission-centric community development.
Ability to work independently, self-motivate, and solve problems.
Strong project management and verbal communication skills.

Nice To Haves

Advanced degree in real estate, finance, accounting, or law.
LIHTC and Section 8 experience.

Responsibilities

Assist in managing the potential acquisition pipeline by maintaining an asset database.
Identify whether a property, partner, and acquisition business plan are consistent with investment criteria.
Prepare and submit financing applications.
Review debt and equity term sheets.
Identify and obtain due diligence information needed for underwriting, including financial statements, rent rolls, loan documents, regulatory agreements, partnership agreements, housing assistance payment contracts, and real estate tax structures.
Conduct local market research and research national trends to inform investment planning.
Adjust and customize investment underwriting models for the terms and business plan of each transaction.
Coordinate third-party reports and site inspections.
Collaborate with asset managers, property management staff, developers, and third-party professionals to execute transactions.
Compose memoranda and proposals for presentation to Contour’s investment committee.
Develop presentations for Contour’s board of directors for quarterly board meetings.
Work with third-party property management professionals to administer and report on property operating plans before and immediately after asset acquisition.