The Acquisition Associate will work with the acquisitions, finance, and development teams to provide analytical support primarily on new development acquisitions. This position will work across all business platform activities including corporate finance, asset management, development and across a multitude of product types, including office, multi-family rental, condominiums, retail, and hospitality. The Acquisitions Associate will work directly with Hoffman’s executive leadership on a diverse range of investment and development opportunities. The Acquisitions Associate will primarily focus on sourcing, identifying, pursuing, and acquiring new development opportunities, but can also expect to work on projects and assignments related to the entire pipeline of activity and portfolio under management. This position reports to the Vice President of Acquisitions.
- Assist the Senior Vice President of Acquisitions in sourcing, identifying, pursuing, and acquiring new development opportunities.
- Develop and leverage relationships with brokers, landowners, and 3rd party consultants to facilitate corporate acquisition objectives.
- Prepare materials and analysis for presentation to company executives, including financial models, investment committee memos and market research.
- Assist the development and finance teams with the capitalization, development, management, and disposition of existing and new projects.
- Research new potential development markets and submarkets by analyzing market fundamentals such as supply pipelines, rent/sales comparable, employment data, etc.
- Support analytic requests of senior management.
The above listing represents the general duties considered essential functions of the job and is not to be considered a detailed description of all the work requirements that may be inherent in the position.
- Strong organizational and independent problem-solving skills.
- Ability to prioritize and multitask.
- Self-motivated with meticulous attention to detail and a strong work ethic.
- Possess a high degree of professionalism to interact well with internal and external clients.
- Advanced Microsoft Excel skills required, experience with Argus preferred.
Competencies:
- Analytical – Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.
- Written Communication – Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
- Teamwork – Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
- Business Acumen – Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
- Dependability – Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
- Initiative--Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
- Judgment – Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
- Motivation – Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
Education and Experience:
- Two to five years of previous experience in real estate acquisitions, development, finance, or investment management.
- Bachelor’s degree in finance, accounting, business, economics, or related field.
- Highly proficient in real estate finance, including previous modeling of development projects and cash flow waterfalls.