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Real Estate Acquisitions Manager
at Progress Residential
Real Estate Acquisitions Manager
- Job ID
- Job Location
- Real Estate Acquisitions
Looking for an opportunity with a dynamic, fun and goal-oriented company? We’re growing quickly and we’re looking for some not-so-typical talent to join our team!
Progress Residential® is one of the largest providers of high-quality, single-family rental homes in the United States. With nearly 40,000 homes in sixteen of the country’s fastest-growing markets, our residents appreciate the flexibility, freedom, and convenience of living in a single-family home without the obligations of home ownership. Progress is committed to making the home rental process easy and enjoyable for the 100,000 residents we serve by empowering our team members and investing in innovative systems and technology. Over the past three years our portfolio has doubled in size and we see increasing demand for professionally managed single-family rental homes and anticipate continued growth.
The Acquisitions Manager will lead a team of Analysts and is directly responsible for thoughtfully deploying between $50-$100 million per month in multiple markets through the acquisition of single-family rental homes on behalf of Progress Residential. Leveraging the company’s best in class acquisition platform; the candidate will conduct and manage the underwriting, due-diligence, and negotiation on hundreds of properties a month through multiple acquisition channels.
To be successful in this role, one must possess superior analytical ability in addition to a strong business acumen to effectively and efficiently execute our business strategy while working cross functionally with other key stakeholders within the organization. The ideal candidate excels at identifying risk and opportunity, iterates and solves problems quickly, and actively contributes enhancements to drive continual improvement to the way we acquire homes while remaining highly disciplined in an ever-changing investment landscape.
- Develop and implement department initiatives that impact and support organizational strategy and goals
- Participate with direct reports in individual goal setting within the framework of department and organizational goals. Manage individual performance on an on-going basis relative to established personal and developmental goals.
- Lead process improvement and platform enhancement efforts and work with executives and local market leadership to implement investment, operational, and asset management decisions across the organization
- Effectively manage acquisitions pipeline developed by analysts and associates using data, trends, and market expertise to add accretive assets on a monthly and quarterly basis.
- Craft acquisitions strategy and work closely with direct reports to implement and execute.
- Experience managing teams in a fast paced and changing environment
- Strong financial foundation for understanding the single-family rental business
- Acumen for statistics and using big data to inform investment strategy
- Bachelor’s Degree (preferably in Business, Finance, or related subject) required
- Previous Analyst experience required
- Ability to be independent and a self-starter; is self-motivated and takes initiative
- Ability to multi-task and manage multiple projects
- Strong verbal and written communication skills – ability to distill information down to key points
- Identify issues and offer solutions
- Thinks critically and draws well-reasoned conclusions
- Minimal travel required
What you can expect from us:
Progress Residential® offers all the financial and non-financial incentives you would expect from an innovative real estate investment and management firm:
- In addition to outstanding training, we host quarterly summits and town hall meetings to encourage growth, knowledge sharing and a good time. After all, it’s about progress, not perfection.
- We offer competitive compensation, including a performance-based bonus.
- Our generous benefits package includes comprehensive healthcare coverage for you and your family, parental leave, paid time off, 9 paid holidays and much more.
This brief summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s supervisor at any time based upon Company need.
Progress Residential® is a proud Equal Opportunity employer, m/f/d/v.