Job Title:
Acquisitions Manager

Company: TruAmerica Multifamily

Location: los angeles, CA

Created: 2024-04-26

Job Type: Full Time

Job Description:

About UsFounded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and he Guardian life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50. Today TruAmerica has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.Acquisitions Manager Responsibilities With support and guidance from the entire TruAmerica Team, the Acquisitions Manager will assist the Acquisitions and Asset Management teams in the following ways:Responsible for managing and overseeing all analyst and intern level functions of the investment process. This includes reviewing underwriting, reviewing investment memos, and running the due diligenceclosing processAssist the Acquisitions Officer in sourcing marketed and off-market multifamily investment opportunities in target markets.The scope of responsibilities of co-sourcing involves creating and maintaining relationships with principals and investment sales brokers, tracking pipeline of potential investment opportunities, and screening deals based on TruAmerica's investment criteria.Partners directly with lenders (agencies, bank, life co, debt fund) to source, evaluate, and close the optimal form of debt capital for each investment opportunity.Manages and trains analystsinterns on primary expectations.QualificationsBachelor's degree or higher with a major in real estate business, finance, economics or related field.The ideal candidate will have prior business experience at a real estate investment firm, commercial mortgage banking firm, financial institution, or accounting firm. Candidates with strong backgrounds in other areas will also be considered.Excel, PowerPoint, and Word experience a must along with strong quantitative and analytical skills.Familiarity with financial models that include complex financial and waterfall analysisAttention to detail and a desire to produce the highest quality work productSuperior organizational skills and the ability to manage multiple complex and diversified work-streams in a fast-paced environment.A flexible team player who takes initiative and is dedicated, hard-working, and has an ability to work in a collaborative environment.Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Ability to sit for up to 10 hours per dayAbility to move freely around the office for up to 10 hours per dayAbility to communicate verbally and in writingWhy Join TruAmerica Multifamily?We'll give you the autonomy and resources to make an impactCompetitive Compensation and Bonus EligibilityOpportunity to invest with other employees in an executive pool.Employer sponsored benefits (Medical, FSA, Dental, Vision, Long Term Disability and Life) package including 401k with employer matching petitive Vacation that respects your time away to observe, have fun or simply rejuvenate.Generous employee engagement initiatives, training and more!Salary RangeThe annual base salary range for this position is $125,00.00 with potential for a discretionary annual bonus.TruAmerica Multifamily is proud of our commitment to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.NO RECRUITERS PLEASE...Equal Opportunity EmployerTruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the munication"No recruiters please. If you are a good fit for the role, the hiring manager will reach out to you directly. Thank you."