Location: Charleston - 997 Morrison Drive, Suite 402
Business: We are a leader in the single-family rental (SFR) Aggregation space with over 10,000 homes across the Southeast and Midwest. Maymont Homes was founded in 2011 to bring technology to the single-family rental space. Over the years we have become a full-service acquisition, renovation, and property management company growing throughout the South and Midwest. By the application of efficient processes enabled by advanced software, our company can provide clean, safe, affordable housing to thousands of people. We strive to offer better living opportunities for individual families, which ultimately improve the lives in the communities we serve!
Job Description
The Community Investments (Sr) Associate is responsible for identifying, underwriting, negotiating, and acquiring new build-for-rent communities consistent with the investment strategy set by the company in the Eastern United States.
Skills & Competencies:
- Bachelor’s degree in Finance, Economics, Business, Real Estate, Civil Engineering, Construction Science, or another similar field or equivalent
- 4-7 years of progressive real estate and development experience within the single-family, homebuilding, and/or multi-family industries
- 2-3 years of Build-to-Rent experience preferred
- Thorough understanding of real estate legal agreements and effective in managing counsel according to the firms’ standards and direction
- Experience with site analysis, land acquisition and entitlement processes as well as development project management
- Strong management capabilities with experience in managing consultants, budgets and proformas
- Strong interpersonal and communication skills, comfortable speaking before large groups, and presenting investment memos to executive level committees and other similar groups
- Efficient in effectively focusing upon and communicating only the relevant key concepts/metrics
- Advanced knowledge of Word, Excel, and PowerPoint; comfortable working with complex data
- Highly organized, able to manage and prioritize multiple business objectives and projects in disparate geographies with the proper sense of urgency and accountability
- Experience working in a work schedule environment, including in-office operation, weekends, and holidays, based on business need
Essential Job Functions:
- Perform in-depth analysis of real estate investment opportunities, including market research, financial modeling, and risk assessment
- Lead the due diligence process by managing 3rd parties and reviewing legal documents, conducting property inspections, and assessing financial viability
- Negotiate term sheets consistent with firm’s investment strategy and structures that lead to the successful and timely completion of signed contracts
- Negotiate purchase and sale agreements, construction agreement, consultant contracts, and joint venture agreements
- Prepare investment committee memos to gain approval for new projects
- Act as owner’s representative for assets under development, attending meetings with consultants, contractors and other parties as needed to proactively manage and find solutions that may arise that affect project budgets, schedules, potential change orders, or project scope
- Oversee construction close out process, punch list, and acceptance of completed homes in accordance with internal standards
- Coordinate with Asset Management as necessary to ensure reporting during development and lease up is timely, accurate and properly reflects the status of the project through stabilization
- Review and approve invoices and contractor draw requests, ensuring invoices are accurate, appropriate, and that project is proceeding as planned
- Coordinate and collaborate with leasing and marketing teams before and during the lease up of new projects to ensure execution of the project’s business plan
- Provide support in structuring project level and/or any programmatic financing structures associated with the communities by communicating consistently about upcoming projects, working with external and internal capital markets advisors, and staying abreast of market conditions
- Maintain accurate and organized records of investment opportunities, financial models, and due diligence reports
- Adhere to company policies, procedures, and guidelines while conducting investment analysis and making recommendations
- Continuously review and improve investment analysis processes to increase efficiency and effectiveness
- Other duties, as assigned by supervisor or leadership team.
Why work for Maymont Homes?
Our Mission: “We Positively Impact the Lives in the Communities We Serve”. We do this through the work we do and the volunteer efforts that the company sponsors. You can make a difference in your community while you work!
Outstanding benefits package: our benefits are provided by Brookfield and offer immediate 5% match on the 401(k) plan, wellness credits that significantly reduce the employee cost for health care coverage, and up to 160 hours of PTO per year for full time employees.
Huge parent company: support and backing from Brookfield Asset Management, one of the largest real estate asset management companies.
Career growth: with our plans for growth and expansion into new markets, there are many opportunities to move up within the company.
Equal Opportunity Employer: Minorities/Religion/Sex/Protected Veterans/Disability/Sexual Orientation/Gender Identity/Marital Status/Pregnancy/Age/National Origin/Genetic Information. #MYMT
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