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The Investments Manager will play a key role on Essex’s Investment Team in identifying, sourcing, analyzing, negotiating and executing real estate acquisition opportunities that align with our investment strategy. The role works closely with the investment team underwriting potential investments, conducting due diligence, and contributing to the overall success of Essex’s real estate portfolio. The Manager role requires a strategic mindset, exceptional analytical skills, and a firm understanding of the Greater Seattle market and general real estate investment landscape.
WHAT YOU WILL DO:
Financial Modeling and Analysis:
- Develop and maintain detailed financial models to support the underwriting and valuation of potential acquisitions. Conduct sensitivity analyses to assess risk and return profiles of prospective deals.
- Proactive transaction pipeline management and reporting; ability to prioritize opportunities that align best with our investment strategy.
Deal Sourcing and Evaluation:
- Actively identify and source potential real estate acquisition opportunities through market research, networking, and relationship building.
- Evaluate and recommend potential deals based on financial models, market analysis, and investment criteria to assess their viability and alignment with the company’s investment strategy.
Negotiation and Due Diligence:
- Collaborate with investment and legal teams to negotiate the documentation and execution of transactions.
- Collaborate with cross-functional teams to conduct thorough due diligence on potential acquisitions, including legal, financial, and physical aspects.
Market Research:
- Stay abreast of real estate market trends, economic indicators, and industry developments to identify emerging opportunities and potential risks.
- Provide market research and analysis to support investment decisions.
- Travel weekly or bi-weekly to coverage markets in order to tour assets, meet with market participants, attend industry events and closely track the market.
Transaction Execution:
- Prepare investment memoranda, presentations, and other materials for internal and external stakeholders.
- Collaborate with investment team leaders, legal, finance, and other teams to ensure a smooth transaction process from initial negotiations to closing.
Relationship Management:
- Cultivate and maintain relationships with brokers, owners, sellers, and other industry professionals to enhance deal flow and stay informed about market dynamics.
WHAT YOU WILL NEED:
- Bachelor’s degree in finance, real estate, or a related field is required. Master’s degree or CFA designation is preferred.
- 5+ years of experience in real estate acquisitions or investment, brokerage, private equity, investment banking, or a related field, with a strong focus on multifamily.
- Strong financial modeling and analytical skills.
- Should be able to articulate a specific approach to sourcing acquisition opportunities as well as a business plan and investment strategy for each transaction.
- Excellent written and verbal communication skills, strong presentation skills, and strong attention to detail.
- Ability to work collaboratively in a team-oriented environment.
- Strong organizational skills and ability to juggle numerous transactions and responsibilities concurrently.
- Deep knowledge of real estate markets, valuation techniques, and investment strategies.
WHAT THE JOB REQUIRES:
- Operates in a fast-paced work setting. Requires the ability to multitask and adapt quickly to changing priorities. May involve tight deadlines and high-energy work situations.
- The position includes in-person work requirements consistent with the hybrid policy located at Essex’s corporate offices in Woodland Hills, or Irvine. The hybrid policy is subject to change at Essex’s sole discretion.
- Requires the ability to sit or stand for extended periods. Minimal physical effort in the day-to-day tasks.
- Travel will be required for meetings, training, or conferences.
