Director, 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 as applicable by state law.
The Director, BTR Acquisitions is a driven real estate acquisitions professional who plays an integral role in constructing a robust portfolio of high quality, newly constructed single-family rental homes across Progress Residential’s core markets. The [Director of BTR Acquisitions] is on the cutting edge of leveraging proprietary data and analytics to execute the firm’s new construction home acquisitions and investment process. The position reports to the Regional Vice President, BTR Acquisitions overseeing Progress’s entire BTR acquisitions effort.
The ideal candidate excels at business development and relationship building, and thrives in a data-driven, fast paced work environment. The candidate will have a proven track record of sourcing and closing a high volume of commercial real estate transactions.
Sources, underwrites, negotiates, and acquires new home rental communities and/or portfolios of newly constructed single-family homes.
Prepares investment materials including detailed models, presentations and memoranda to thoughtfully assess each acquisition opportunity and presents to management.
Cultivates a strong network of industry participates, including developers, homebuilders, brokers and others.
Works cross functionally with investment, closing, operation and asset management teams to ensure streamlined acquisition, onboarding and management of new home subdivisions.
Minimum 8 years of real estate acquisitions experience, with a proven history of high-volume real estate transactions
Excellent business development skills, inclusive of networking, verbal and written communication and the ability to distill information down to key points
Deep understanding of real estate finance and property-level underwriting
Outstanding organizational skills and an ability to leverage and improve systems to manage a high volume of transactions with strict deadlines
Highly motivated, results-driven individual
Strong commitment to team-oriented, collaborative approach
Thinks critically and draws well-reasoned conclusions
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 #: JR102638