Acquisitions Manager

The Garrett Companies•Dallas, TX

11h

About The Position

The Acquisitions Manager focuses on identification, financial underwriting and operational aspects of acquiring land suitable for multifamily development. This person is the Investments Team liaison to manage these assets as they progress through the transactional process. This person works with the Senior Director of Acquisitions to identify markets and subsequently specific assets in those markets to acquire. This person will focus primarily on identifying development opportunities in Texas. The primary goals for an Acquisitions Manager are to assist in identifying markets and assets that meet Garrett criteria, determining the best yield vs risk for those sites, and then minimizing risk and time by completing a thorough due diligence analysis for each potential acquisition.

Requirements

Strong excel skills and related macro programming, power point, web search engines.
Strong written and verbal skills.
Ability and willingness to network and travel as needed.
Ability to handle multiple tasks and for multiple projects.
Ability to work independently and with a team of professionals as needed.
Ability to track market data.
Ability to aggregate and interpret demographic information (employment trends, population growth, income trends).
Strong financial analysis skills in working with detailed financial models.
Knowledge of source & use and flow of funds concepts.
Minimum of bachelor’s degree in accounting, statistics, finance, mathematics or some other relevant field.
3-5 years in a real estate brokerage, development, or related field required.
Relevant experience with commercial real estate transactions.
Working knowledge of multifamily assets in terms of underwriting, forecasting, and operations.
Analytical skills to forecast and identify opportunities, trends, and challenges.
Excellent written and verbal skills.
Strong organization skills.
Proficiency in Microsoft Office suite.
Professional judgment and discretion that comes from experience in working with customer services, internal teams, and 3rd party consultants.
Familiarity with the latest trends, technologies and methodologies at it relates to this role.
Able to work in unison with a team.
Takes full responsibility for actions and works collaboratively to find solutions.
Coachable.
Positive Attitude.
Ability to listen and understand intents and goals.
Relentless problem-solving skills.
Ability to think 2+ steps ahead and anticipate what comes next.
Must be willing to work and support at all levels.
Must think creatively and innovatively.
Demonstrates alignment with our Core Values: Excellence, Sense of Duty, Accountability, Teamwork, Courage, Honesty & Integrity, The Golden Rule, and Caring for All People.
Prolonged periods sitting at a desk and working on a computer.
Must be able to lift 15 pounds at times.

Nice To Haves

Experience with marketing, public speaking, and presentations is a plus.

Responsibilities

Work with the Executive Team to identify and select target markets for acquisition opportunities.
Assist in determining the potential profit and risk for new acquisitions.
Consistently gauge and report on the performance of potential assets and acquisitions.
Underwriting and presenting investment opportunities to the team through extensive proforma modeling and market research.
Preparing market analysis reports.
Demographic analysis and interpretation.
Tracking potential markets and assets in a structured manner.
Communicating opportunities to a wide range of audiences including investment and equity partners, lending partners, internal teams (Development, Construction, Investments, and Management), brokers, and third-party consultants.
Supporting Investment Team activities including (but not limited to) site acquisition, initial due diligence, and market research.
Create new, manage existing, and evolve relationships in new and existing markets.
Interpret data by taking into consideration the price, stability, yield, economic influences, potential investment-risk trends and other factors that could impact the outcome of the investment.
Analyze acquisition projects using Excel modeling spreadsheets and other technology.
Supporting role to Senior Director of Acquisitions.
Assist with various ad-hoc financial analysis and reporting.
Create, update, and maintain acquisition pipeline analysis and reporting.
Monitor and model acquisitions for yield and risk projections.
Monitor research of US markets regarding rent, employment, impact fees, taxes, permits, and supply and demand trends (includes review and analysis of demographic software).
Assist Investments Team as needed. (i.e., acquisitions, senior housing, tax credit, HUD financing, budgets, management fee analyses, etc.)
Due diligence research on rent, expense, utilities, taxes, fees, and other market data.
Tracking deal status through monthly reports, assisting in asset closings, and providing deal status updates.
Other duties as assigned