Analyst, BTR 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 more than 75,000 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.
Employment with Progress Residential is conditional on a satisfactory background and drug screen as well as submitting proof satisfactory to Progress Residential that you are fully vaccinated against the Corona Virus COVID-19 disease, subject to any accommodations granted by Progress Residential based on disability or religion or as applicable by state law.
Text ProgressJobs to 25000 and you can chat with our Recruiting Assistant Kate who can help you find jobs, apply for jobs and answer your questions.
We are seeking an Analyst for Build-to-Rent (BTR) Property Investments to join Progress Residential. This position will report to the Vice President and Director of Build-to-Rent and is fully remote. Working closely with other members of the BTR team, the candidate will identify, prioritize, underwrite, and prepare investment committee materials for portfolios of newly built and to-be-constructed single-family residential homes.
The BTR team at Progress Residential is closely integrated with its New York-based investment management firm. As a member of this team, you will play an integral role in shaping this new and exciting asset class within single family residential acquisitions, and will have an opportunity to underwrite large transactions, prepare and present investment committee materials, and gain exposure to best practices in private equity real estate investment.
Participate in all aspects of screening and executing potential BTR investments, including financial modeling, due diligence, bids and legal negotiations
Assist in the management of existing property investments by working with internal operating teams and industry consultants
Build and manipulate Excel models to evaluate and support a wide range of transactions, structures, and scenarios
Prepare presentations and marketing materials for internal (e.g., senior leadership and investment committees) and external (e.g., institutional capital providers and investment partners) stakeholders
Keep apprised of the real estate market, specifically the BTR and broader residential rental category, and analyze market data to prepare detailed reports for senior management
Prepare ad hoc analyses to drive strategic initiatives
Collaborate with team members to enhance project management, ensuring BTR projects meet all critical timelines.
Bachelor’s Degree in Finance, Economics, Business, or a related field
Must have at least 1 year of experience in investment management, investment banking, consulting, or research in commercial real estate, or other industry characterized as high growth or newly-emerging
Above average technical aptitude in Microsoft Excel, industry research, and Microsoft PowerPoint
Demonstrated ability to produce work product proactively on both independent projects and collaborative initiatives
Passion for a career that creates long-term value via active management of investments and provides the opportunity to be a part of implementing new business strategy
Personal interest in the real estate industry (e.g., home construction, SFR housing sector, etc.)
Some 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, 10 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 Status: Full Time
Job Reference #: JR105651