Senior Associate, Due Diligence

Overview

Lead due diligence, underwriting, and closing for multifamily real estate deals.

Key Responsibilities

• due diligence
• asset inspection
• financial modeling
• deal underwriting
• project scheduling
• stakeholder management

Tasks

-Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. -No formal supervisory responsibilities in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plans and supervises assignments of lower-level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group. -Lead and collaborate with cross-functional teams to conduct thorough due diligence including legal, financial, and physical aspects. -Travel to project sites and work with capital maintenance teams to evaluate asset conditions, including potential code violations and any necessary repairs or other major capital needs. -Work closely with senior management and have extensive interaction with the real estate community, including sellers, developers, lenders, brokers and third-party vendors. -Coordinates and lead due diligence, underwriting and closing process, including documentation review and analysis of key findings, rent analyses, detailed budget preparation, document checklist calls, lease audits, warranty review and warranty transfer, assessment of capital, assessment of staffing, 3rd party report engagement and detailed review, and analysis of historical operating documents. -Lead the preparation of investment memoranda, presentations, and other materials for internal and external stakeholders. -Develop and maintain detailed financial models and underwriting of potential acquisitions, dispositions, development, and structured finance transactions.

Requirements

• yardi
• microsoft office
• adobe
• bachelor’s
• 3+ years
• financial analysis

What You Bring

-Ability to prioritize and manage a variety of tasks within a tight time schedule. -Strong communication skills, including an ability to compile written materials and present underwriting to Company leadership, as well as the ability to efficiently coordinate various teams across the Company. -Strong financial and analytical skills. -The position includes in-person work requirements consistent with the hybrid policy located at Essex's corporate offices in Irvine or Woodland Hills. The hybrid policy is subject to change at Essex’s sole discretion. -Ability to comprehend, analyze, and interpret real estate documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills. -Requires the ability to sit or stand for extended periods. Minimal physical effort in the day-to-day tasks. -Ability to recognize key risks or non-standard components of a transaction through review of 3rd party reports, deliverables and through comprehensive review of assets. -Bachelor’s degree (B.A./B.S.) from a four-year college or university in business administration, finance, economics, real estate or related field. -Ability to respond effectively to sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients and/or public groups. Ability to motivate and negotiate effectively with key employees and client groups to take desired action. -Experience with the California or Washington multi-family real estate markets preferred. -Proficiency in Microsoft Office, Yardi, and Adobe. -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. -This role requires occasional travel throughout California and Washington state. -3+ years of related experience in multi-family real estate due diligence, asset management, or in a financial analysis role.

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About Essex Property Trust

-Founded in 1971 and became a NYSE-listed REIT in 1994, evolving from a small real estate company to a major player in the real estate sector. -Focuses on multifamily apartment communities, concentrating on supply-constrained West Coast markets. -Typical projects include coastal suburban and urban apartment communities, often featuring flexible leases and premium amenities. -Recognized as a leader in multifamily residential properties along the Pacific Coast.

Sector Specialisms