Acquisitions Associate – Real Estate

What we are looking for…

An Acquisitions Associate who will support our Real Estate and Acquisitions teams in building and managing our real estate pipelines by performing and reviewing deep quantitative and qualitative analyses, providing recommendations to senior leadership, and supporting transactions from inception through negotiation to close. This Associate has a deep knowledge and love of real estate as well as has a competitive drive to get deals done while balancing accuracy, speed and deal creativity

What you’ll do…

• Review analyst STR financial analyses put together and provide recommendations on the profitability and capital structure of each transaction, incorporating a variety of financing structures
• Effectively communicate deal strategy and negotiation guidance to analysts, cross-functional partners including Real Estate, Design & Procurement, and senior leadership
• Take ownership and manage multiple transactions from inception through negotiation to close.
• Perform acquisition due diligence including the review of leases, financial conditions, historical property operating results, financial assumptions and other information
• Accurately and thoroughly complete transition-related tasks including but not limited to developing budgets, reviewing leases, reviewing offering memorandum, responding to cross-functional partners to resolve underwriting questions, reviewing STR owner-provided P&Ls, and running models to show budget implications within established timeframes.
• Collaborate cross functionally with multiple stakeholders including analyzing portfolio performance with Revenue management and assessing FF&E & CapEx budgets with design & procurement during onboarding.
• Work closely with the CFO, Revenue Management and Director of Underwriting, to create a framework for tracking accuracy of underwriting as compared to actual performance.
• Complete accurate and thorough worksheets, reports, briefs, and proposals within agreed upon timeframes
• Thoroughly analyze the impact of lease transactions to property value and yield within established timeframes.
• Review and extract information from broker marketing books and third-party research.
• Assist in the review of the annual operating budget to confirm consistency with property strategies.

What you’ll bring…

• 4+ years in investment banking and/or in-house real estate investing and acquisitions at a real estate company. Short-term rental and single-family residency experience strongly preferred
• Bachelor’s degree in a related field (Finance, Real Estate).
• Deep knowledge of real estate valuation and financial modeling, travel trends, hospitality, hotels, tourism and the short-term / vacation rental market.
• A passion for all things real estate, an agility and ability to adapt to changing and ambiguous situations, and a general hunger for more.
• Advanced proficiency in Microsoft Excel, demonstrated ability to perform quantitative and qualitative analysis of assets using financial modeling techniques. Demonstrated ability to effectively define and resolve problems that balance multiple needs and interests.
• Strong communication skills with the ability to present ideas, instructions and information effectively, both orally and in writing.

Perks and Benefits

• The role has a salary range of $130-147,500 + bonus dependent on your skills and experience
• Health/dental/vision insurance
• Employee Assistance Program
• 401K retirement savings plan
• Sick leave and a generous PTO policy, including volunteer and quarterly mental health days
• 8 company observed holidays per calendar year
• 8 weeks of parental leave after 3 months of service with the company
• Discounted stays at our properties
• Professional development stipends
• Perks at work
• Team bonding events
• Fitness Reimbursement

You’ll be doing work that matters alongside an experienced and dynamic team, transforming the way people travel and vacation. Your place within the colossal travel and real estate industries will leave you with a wealth of opportunities to feel both challenged to innovate and rewarded for your efforts. Of course, we will offer you pay and benefits, but we’re about more than that. AvantStay is a place where you can craft your own path to greatness. Whether you think in code, words, pictures or numbers, find your future at AvantStay.