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 more than 40,000 homes across some of the 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. Our portfolio has continued to grow substantially the past few years and we see increasing demand for professionally managed single-family rental homes and anticipate continued growth.
The Acquisitions Analyst is a driven real estate acquisitions professional who plays an integral role in constructing a robust portfolio of high quality, entry-level single-family residential rental homes across one or more of Progress Residential’s core markets. The Acquisitions Analyst is on the cutting edge of leveraging proprietary data and analytics to execute the firm’s single-family home acquisitions and investment process. The role lives at the intersection of a high-speed Wall Street institutional sales and trading desk mixed with the tangible nature of real estate and a best-in-class operating platform. The Acquisitions Analyst will develop and maintain an in-depth understanding of rental rates, leasing absorption, property values, renovation costs and expected return profiles and play a key role in informing both strategic and tactical refinements.
The Acquisitions Analyst will work alongside a team dedicated to successfully executing investment mandates on behalf of the firm’s LPs. To be successful in this role, one must possess superior analytical skills, communicate well with internal and external stakeholders, and thrive in a fast paced working environment. The ideal candidate excels at identifying risk and opportunity, iterates and solves problems quickly, and actively contributes enhancements that drive continual improvement to the ways in which we acquire homes.
The Acquisitions Analyst will be trained and supported by other more tenured / senior members of the Acquisitions team along with various other internal departments to develop the skills and knowledge needed to be successful. This includes, but is not limited to, the firm’s Quantitative Strategies group, a centralized transaction management group, and Progress Residential’s local operators who will provide bottom-up feedback from the market.
Underwrite, analyze and generate offers for single-family home opportunities offered for sale via numerous channels, including but not limited to MLS, off market, new construction, iBuyer.
Carry out market specific strategy regarding optimal asset selection and acquisition pace with the goal of maximizing investor returns.
Work with VP and Director of Acquisitions on the creation and maintenance of an acquisitions pipeline of homes by effectively utilizing market knowledge, trends, available data and proprietary acquisitions tools and platform
Use proprietary data visualization tools and systems to improve ongoing investment decisions and department processes
Works cross functionally to participate in investment, operational, and asset management decisions
Fulfills ad hoc requests from Vice President of Acquisitions, Acquisitions Manager, Director of Acquisitions, Portfolio Operations Director, or other local stakeholders in respective market
Bachelor’s degree (preferably in Business, Finance, or related subject) required
Previous experience as a financial, revenue, real estate, or banking analyst
Prior real estate and underwriting experience preferred, not required
Experience with property valuations and market data preferred, not required
Strong organizational skills, attention to detail, and the ability to handle multiple tasks, projects and deadlines
Technically proficient in Microsoft Office applications (especially Word, Excel, Power BI and Power Point) as well as other computer applications
Ability to collaborate and act decisively with the ability to interact effectively inside and outside the organization
Excellent listening, verbal and written communication skills
Good organizational skills with the ability to multi-task, prioritize with timely follow up
Requires abstract thinking and creative solutions
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 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.
Job Reference #: JR100705