About this role
Your career has a home here.
Ready to make an impact with a dynamic, forward-thinking company?
As a leading property manager of single-family rental homes nationwide, we take great pride in creating an enjoyable living experience for our residents – and an empowering, people-first culture for our team members. That’s why, for two years in a row, our employees have voted Progress a certified Great Place to Work®.
Why join Progress?
As the demand for professionally managed rental homes continues to grow, so do the opportunities at Progress. We’re looking for passionate professionals who are ready to grow with us, make a difference and be part of something meaningful.
Want to learn more?
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Position Summary:
The Acquisitions Associate is directly responsible for the capital placement of between $5-$20 million/month 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 underwrite, diligence, and negotiate hundreds of properties a month through multiple acquisition channels. Through in-person market tours and methodical analysis, the Acquisitions Associate is expected develop and maintain an in-depth understanding of their assigned market, including, rental rates, property values, competitor activity, and potential bulk sale opportunities.
To be successful in this role, one must possess superior analytical ability in addition to a strong business acumen to effectively execute our business strategy. Highly disciplined and a constant problem solver, the ideal candidate excels at identifying risk and opportunity, iterates quickly, and consistently contributes pointed enhancements, all of which are critical talents in an ever-changing investment landscape.
Essential Functions:
- Underwrite, analyze and negotiate and make final purchase decisions for single-family home opportunities offered for sale via numerous channels, including but not limited to MLS, off market, new construction, iBuyer.
- Create and execute market specific strategy regarding optimal asset selection and acquisition pace with the goal of maximizing investor returns.
- Develop and maintain an acquisitions pipeline of homes by effectively utilizing market knowledge, trends, available trends, available data and proprietary acquisitions tools and platform
- Compile and analyze available market information and trends to make informed recommendations regarding improvements to investment decisions and department processes to management and local leadership
- Represents the department cross functionally with corporate and local stakeholders to influence investment, operational, and asset management decisions in a particular market.
Qualifications:
- Bachelor’s Degree (preferably in Business, Finance, or related subject) required
- Previous Analyst experience in finance, banking, real estate or investments desired
- Ability to be independent and a self-starter; is self-motivated and takes initiative
- Experience in a fast-paced environment with a demonstrated ability to 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
- Travel to market every 6 to 8 weeks
What you can expect from us:
- Competitive Compensation - Including performance-based bonuses that reward your contributions.
- Comprehensive Benefits Package - Medical, dental, vision, parental leave, 401(k) with company match and more.
- Generous Time Off – Enjoy PTO based on tenure, 13 paid holidays and 1 floating holiday.
- Ongoing Learning and Development - Quarterly summits, town hall meetings and continuous training to support your professional growth.
- A Culture that Celebrates You - We believe in collaboration, recognition and having fun while doing important work.
This 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.
Employment with Progress Residential is conditional on a satisfactory background and drug screen.
Progress Residential is a proud Equal Opportunity employer, m/f/d/v.