Acquisitions Associate

Progress Residential • Tempe, AZ

7d • Onsite

About The Position

As a leading property manager of single-family rental homes nationwide, Progress Residential takes great pride in creating an enjoyable living experience for its residents and an empowering, people-first culture for its team members. The Acquisitions Associate is directly responsible for the capital placement of between $5-$20 million/month through the acquisition of single-family rental homes on behalf of Progress Residential. Leveraging the company’s best in class acquisition platform, the candidate will underwrite, diligence, and negotiate hundreds of properties a month through multiple acquisition channels. Through in-person market tours and methodical analysis, the Acquisitions Associate is expected to develop and maintain an in-depth understanding of their assigned market, including, rental rates, property values, competitor activity, and potential bulk sale opportunities. To be successful in this role, one must possess superior analytical ability in addition to a strong business acumen to effectively execute the company's business strategy. The ideal candidate is highly disciplined, a constant problem solver, excels at identifying risk and opportunity, iterates quickly, and consistently contributes pointed enhancements, all of which are critical talents in an ever-changing investment landscape.

Requirements

• Bachelor’s Degree (preferably in Business, Finance, or related subject) required
• Previous Analyst experience in finance, banking, real estate or investments desired
• Ability to be independent and a self-starter; is self-motivated and takes initiative
• Experience in a fast-paced environment with a demonstrated ability to manage multiple projects
• Strong verbal and written communication skills – ability to distill information down to key points
• Identify issues and offer solutions
• Thinks critically and draws well-reasoned conclusions
• Travel to market every 6 to 8 weeks

Responsibilities

• Underwrite, analyze and negotiate and make final purchase decisions for single-family home opportunities offered for sale via numerous channels, including but not limited to MLS, off market, new construction, iBuyer.
• Create and execute market specific strategy regarding optimal asset selection and acquisition pace with the goal of maximizing investor returns.
• Develop and maintain an acquisitions pipeline of homes by effectively utilizing market knowledge, trends, available trends, available data and proprietary acquisitions tools and platform.
• Compile and analyze available market information and trends to make informed recommendations regarding improvements to investment decisions and department processes to management and local leadership.
• Represents the department cross functionally with corporate and local stakeholders to influence investment, operational, and asset management decisions in a particular market.

Benefits

• Competitive Compensation - Including performance-based bonuses that reward your contributions.
• Comprehensive Benefits Package - Medical, dental, vision, parental leave, 401(k) with company match and more.
• Generous Time Off – Enjoy PTO based on tenure, 13 paid holidays and 1 floating holiday.
• Ongoing Learning and Development - Quarterly summits, town hall meetings and continuous training to support your professional growth.
• A Culture that Celebrates You - We believe in collaboration, recognition and having fun while doing important work.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level