Senior Analyst or Associate, Student Housing Acquisitions

Job Details

Job Location : IL Chicago Corp Office CCLLC - Chicago, IL Position Type : Full Time Salary Range : Undisclosed Job Category : Acquisitions

Description

Who We Are

Core Spaces (Core) is more than a real estate company, it's a people company. Where building relationships is just as important as building properties.

From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living.

Our six cultural values guide us every day and we strive to live them in everything we do : PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better).

Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience.

This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent ("BTR") sectors.

Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and / or manages over 38,600 beds - and has a pipeline of over 43,000 beds in various stages of development.

Core's BTR division currently has over 3,000 homes under development and in its pipeline in high-growth metros across the country.

For more information, visit

Portfolio and pipeline numbers as of May 2024

Benefits That Matter

• A culture that provides you with a sense of belonging
• Hybrid and remote work options to promote work-life balance
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) + matching & Roth account option

Position Overview

The Senior Analyst or Associate works within the Student Housing Acquisitions team responsible for the origination of existing purpose-built student housing apartment investment opportunities across the country.

Primary responsibilities include financial modeling, preparation of investment memoranda, transaction management, communication with investors, and negotiation of legal documents.

Key Responsibilities

• Source and screen prospective asset and portfolio acquisition opportunities based on the company's investment criteria at the direction of senior leadership
• Develop underwriting models and perform detailed financial analysis of acquisition targets, including analysis of historical financial statements and preparation of cash flow projections
• Manage the due diligence and closing processes between internal and external parties for new acquisitions including collaboration with operations, asset management, and finance teams to ensure seamless execution
• Prepare comprehensive investment memoranda recommending actions to the firm's investment committee
• Draft Letters of Intent and assist review and negotiation of Purchase and Sale Agreements
• Participate in various forms of investor correspondence and capital raising
• Occasional travel will be necessary as needed (est. up to 25%)

Ideally, you'll have

• 3 to 4+ years of relevant experience in a real estate investing, lending, or brokerage role preferred
• High degree of proficiency in real estate financial modeling and strong written and verbal communication skills (Excel and Microsoft Office Suite experience required)
• Exposure to key acquisition-related legal documents (letter of intent, purchase agreement, etc.)
• Ability to work independently and react quickly in a demanding fast-paced environment
• Ability to manage multiple projects at one time, balance priorities and deadlines

You'll crush it if you have experience with

• Proven ability to screen student housing acquisition opportunities, with a track record of identifying high-potential assets and portfolios.
• Expertise in developing detailed, dynamic underwriting models and performing in-depth financial analysis, including cash flow projections and historical financials review.
• Strong experience managing the entire acquisition process, from due diligence through closing, with seamless coordination across internal teams and external partners.
• Demonstrated success in preparing persuasive investment memoranda and presenting recommendations to senior leadership or investment committees.
• Experience drafting and negotiating key legal documents, such as Letters of Intent and Purchase and Sale Agreements, with an understanding of acquisition-related legal nuances.
• Confidence in communicating with equity and debt partners and participating in capital-raising efforts, showcasing your ability to build relationships and inspire confidence in investment strategies.
• Ability to thrive in a fast-paced environment, managing multiple high-stakes projects while maintaining meticulous attention to detail and meeting tight deadlines.
• Willingness to travel up to 25% for deal sourcing, investor meetings, and acquisition site visits.

Organizational Structure

Reports to : Director, Acquisitions

Direct Reports : N / A

Disclaimer : Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees.

We do not discriminate and believe every individual should be proud of who they are and the community they represent.

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