CARROLL is seeking an experienced full-time Senior Acquisitions Associate based in Atlanta to support the Investments group in underwriting and executing new multifamily investments throughout the Southeast and Southwest. The Senior Associate or Director assumes broad responsibilities including financial analysis, due diligence, deal sourcing/execution, market research and presentation development. An Acquisitions Senior Associate or Director identifies potential investments and works in unison with Senior Management in executing every step of the acquisition process. The information they provide enables decisions to be made relating to the investment portfolios they acquire and manage. Job title and compensation will be dependent on the candidate’s experience.
Source and screen potential investments relative to investment criteria
Develop and apply quantitative models to deals under consideration
Create discounted cash flow valuation and waterfall models based on various scenarios
Apply historical trends to current conditions to anticipate post-acquisition performance
Assist with due diligence and underwriting process; analyze property financials, physical condition, cash flows, market trends, risk
Communicate with third parties including capital partners, brokers, lenders, consultants, etc.
Act as a liaison between multiple internal departments including but not limited to accounting, finance, construction, operations, property management, marketing, and IT
Conduct market and property due diligence with site tours, broker meetings and third-party research
Ascertain relevant rents, sales and operating cost comparable for target acquisition
Strategize with team members to maximize revenue, reduce expenses and deliver value-add improvements
Develop capital budgets
Oversee transition from Acquisitions to Asset Management
Effectively prepare, communicate and present investment packages to senior management and equity partners
Provide fact-based market information to Asset Management and Property Management teams
Research overall target market and investment sub-market conditions
Monitor competitive properties in the region, historical sales transactions and perform other market research initiatives as needed
Assist in the career development of analyst and intern teams
Execute deals in a fast-paced, entrepreneurial environment
Bachelor’s degree, preferably with an emphasis in business, economics, real estate or finance
Between 4-8 years of relevant experience in real estate investments (preferably multifamily acquisitions)
Strong work ethic with ability to operate independently
Knowledge of key financial concepts, metrics, internal rates of return, cash-on-cash returns, etc.
Proficiency with financial modeling; attention to detail. Proficiency in excel.
Current knowledge of macroeconomic news, market trends and general industry knowledge
Strong organizational, project management skills
The ability to think independently and execute transactions from start to finish
Strong interpersonal skills with high proficiency in written and verbal communication
If this sounds like you:
CARROLL is a national real estate investment company that combines the infrastructure and abilities of an institutional investor with a best in class team of real estate operations professionals. This unique combination of skills has allowed us to become a top national real estate owner and operator. Our core focus is to acquire properties that exhibit attractive long-term investment characteristics, and improve the performance of these properties using our talented and passionate professionals.
CARROLL's investment strategy utilizes our in-house capabilities to unlock value in properties that we perceive to be underperforming and undervalued. Through proactive management, redevelopment, and specific submarket selection, we aim to generate attractive risk adjusted returns. CARROLL has made a conscious effort to become institutional in our execution, reporting, and communications with our clients; while maintaining the mindset of an entrepreneur. We study trends, make quick thoughtful decisions, and continually recruit and hire the brightest minds in the business.