Associate, Land Acquisitions
Amherst is revolutionizing the way U.S. real estate is priced, managed and financed in order to unlock opportunities for all market participants. Driven by data, analytics, and technology, Amherst has a 20-year history of anticipating where the next risks and opportunities are likely to emerge and designing actionable strategies for investors to capitalize on opportunities across residential real estate, commercial real estate and public securities. Amherst, along with its affiliates and subsidiaries, has more than 900 employees, $5 billion under management and approximately $15 billion under advisement and oversight. www.amherst.com.
Responsible for regional sourcing and acquisitions of land sites and scattered lots for Amherst Homes to support the development of new build-for-rent opportunities across the country. The role entails sourcing, site, and zoning evaluation, preliminary underwriting, structuring, negotiating, and closing execution of individual lots and community development sites. The role will specifically focus on acquiring individual scattered lots as well as land portfolios and contiguous community development sites.
Core Responsibilities:
Source and build pipeline within Amherst markets to acquire investment and development opportunities
Manage pipeline tracking and ensure all deals are tracked across their lifecycle
Direct investment analysis including underwriting, financial modeling, and preparation and presentation of investment memos to Investment Committee, senior leaders, investors, and joint venture partners in conjunction with Private Equity team and Underwriting team
Research and apply land zoning and site restrictions to the evaluation of the intended development use as single-family rental development
Manage operational and financial due diligence processes; work with Development team to ensure they are conducting and reviewing site visits and that the lots meet the business plan requirements
Maintain an understanding of macro-economic and demographic trends within target markets and assist in efforts to expand market footprint
Understand micro-neighborhoods within target markets to help build development pipeline
Mentor, train, and oversee work product and responsibilities for junior members of Sourcing team
Report into Head of Sourcing, manage junior pool of Associates and Analysts
Collaborate closely with Private Equity and Development counterparties internally to move deals across the business
Work closely with new product development to think of creative solutions for each lot
Ensure smooth handoffs between internal counterparties to successfully close a deal
Constantly think about ways to innovate, acquire more land/homes
Qualifications:
Minimum of 8-10 years of direct acquisitions and underwriting of commercial, residential, and/or retail properties
Minimum of four years of supervisory experience
Expert knowledge of Excel, familiarity with real estate market databases and underwriting tools, familiarity with zoning and land-use restrictions and evaluation processes.
Hunter mentality with a resourceful approach
Direct experience with transaction negotiations, deal execution and closing process.
Our full-time employee benefits include:
- A competitive compensation package, annual bonus, 401k match
- Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day
- Employer-paid benefits (medical, dental, vision, health savings account)
- Professional career development and reimbursement
- Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave
- Backup childcare offered through Bright Horizons
- Relaxed casual environment with virtual office events
Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.