Acquisition Associate
: Job Details :

Richman Real Estate Investments, Inc. a division of The Richman Group of Companies is currently seeking a Real Estate Acquisitions Associate for a remote position. Here at The Richman Group our mission is to pursue real estate investment, development and property management opportunities responsibly and with integrity for the benefit of our residents and their communities while optimizing economic returns for our investors, developer clients and partners. The Richman Group intends to maintain its leadership in creating innovative developments and financial structures. Our developments are designed with a concern for the environment and the communities in which they are located. The Acquisitions Associate is responsible for preparing financial analyses related to multi-family acquisitions and syndications that qualify for low-income housing tax credits and supporting the acquisitions teams to take investments through the acquisitions process from proposal letter to closing. RESPONSIBILITIES: • Perform financial analysis within syndication models and property level acquisitions. • Assist with underwriting multifamily developments financed with LIHTC. • Review and analyze development and operating pro-formas, tax credit applications, financial statements, construction and environmental reports, and market studies to help determine project feasibility, strength of development partner, and financial returns. • Organize due diligence materials and maintain closing checklists to track documents. • Draft investment transaction summaries and investment committee acquisition packages which set forth all applicable business terms and development team descriptions and transactions pros and cons. Coordinate pre- and post-closing comments and questions from investors. • Interact with asset management, accounting and acquisitions departments. Serve as contact for general partners to ensure timely, efficient and thorough servicing and closing of transactions. Interact with legal counsel to maintain closing schedule. • Assist senior management with special time sensitive projects • Ad hoc projects as needed QUALIFICATIONS:Education: Bachelor's degree in real estate or finance from an accredited college or university Experience: One to two years of real estate experience with experience in LIHTC/affordable housing and multifamily real estate investments preferred. Experience with not-for -profit developers a plus. Skills & Certifications: • strong analytical skills and the ability to organize and critically analyze large amounts of data • understanding of general accounting principles with respect to real estate and partnership structures is preferred • extensive working knowledge of spreadsheets, cash flow and NPV/IRR analyses • proficient in MS Office Programs (Word, Excel) • able to prioritize and multi-task in a fast-paced environment • detail oriented, self-motivated and excellent organizational skills • able to meet tight deadlines in time sensitive situations while maintaining a professional demeanor • must be able to speak and write English fluently and possess strong written and oral communication skills • flexible to work extra hours as needed • a passion about the real estate industry and a strong commitment to the team. We offer a competitive salary and benefits package that includes medical, dental, vision, life insurance, long and short-term disability, commuter benefits, 401(k), pet insurance, paid time off and bonuses. If you are looking for a rewarding career opportunity with one of the top Real Estate organizations in the country, we'd like to hear from you! To learn more about The Richman Group of Companies please visit our website at www.therichmangroup.com.