Job Description

Our Story:

From South Africa to Southern California, the ColRich story is a decades-long journey of growth, continuous reinvention and a culture of caring which we call “ColRich Thrive.” Through generations of family ownership, the ColRich brand has evolved, but the company’s foundation remains the same today as in the beginning; build lasting communities through a culture centered around innovation, humility and a commitment to helping others .

Our Bio:

ColRich is a real estate, construction and investment firm focused on value-add, residential real estate in strategic locations in Eastern, Western and South-Central U.S. markets. Our platform’s sustainability is assured through long- term ownership enabled by long-term debt and equity. We are focused on enduring, tax-efficient cash flow for our investors.

In the multifamily space, we actively maximize cash-on-cash returns and capital appreciation by acquiring existing properties with upside through extensive renovation and improved management. Leveraging our unique homebuilding background and construction platform, we reposition these older properties as design-forward, affordable workforce housing alternatives to newer Class A product.

Our new development history includes the successful entitlement, construction, marketing and sales of single-family homes, townhomes, mid-rise condominiums and apartments. Currently we are bringing to market two master-planned, destination-oriented communities offering a combined 5,000+ for sale and rental homes over a 10-year time horizon, and several individual new apartment developments (1,000+ units).

With a service matters operating philosophy, our team is passionate about supporting residents across our portfolio, building better environments that fuel happier residents, improving investor returns and creating a strong sense of purpose that drives what we do every day.

Our Current Portfolio:

ColRich’s portfolio includes $1.1 billion of equity actively invested through the end of 2023 in 78 deals across 8 states in 16 different markets. All together, our multifamily and new development activities total nearly 19,000+ housing units.

Our Approach:

A vertically integrated, hands-on approach is at the core of our company’s capabilities. Deep in-house construction, design, finance and asset management expertise ensures that our essential functions are managed internally and operationally intertwined to produce indisputable long-term value for our stakeholders. Our communities are built to last, offering enduring and stable environments where our residents will thrive.

Our DNA:

Ever-evolving

Hardworking

Original thinkers

Competitively Humble

Personable

Seasoned Through Adversity

Our Mantra:

Build lasting communities

Our Location:

We are based in San Diego’s Little Italy neighborhood in walking distance to the 100+ restaurants, bars & coffee shops we visit with our colleagues.

Position: Acquisition Sr. Associate – San Diego, CA

About the Role: The Acquisition Senior Associate is a key member of the ColRich acquisition team, responsible for identifying, analyzing and securing investment opportunities. This role involves sourcing potential acquisitions, conducting market research, financial modeling and collaborating with internal and external stakeholders to execute multifamily real estate transactions. The ideal candidate is highly analytical, detail-oriented, personable and passionate about multi-family investment & development.

Specific responsibilities include:

Deal Sourcing and Evaluation

• Identify potential multifamily acquisition opportunities through market research, networking and partnerships with brokers and industry contacts.
• Develop strategies for the repositioning of assets through strategic renovations and operation focused initiatives
• Conduct property due diligence, including reviewing rent rolls and leasing reports, operating reports, comparable sales, building code and zoning regulations, property condition assessments, environmental reports and estimations on replacement & renovation costs
• Monitor local market trends and economic indicators to identify submarkets with growth potential

Financial Analysis and Modeling

• Develop and maintain detailed financial models to evaluate the feasibility and profitability of potential acquisitions
• Analyze project cash flows, return metrics and other financial performance indicators
• Provide recommendations to senior leadership based on data-driven analysis

Transaction Management

• Assist in negotiating term sheets, purchase agreements, and other legal documents related to acquisitions
• Coordinate with legal, finance and operational teams during the closing process to ensure timely and efficient execution
• Perform periodic portfolio level valuations of existing assets

Collaboration and Communication

• Work closely with internal teams, including finance and asset management to align acquisitions with company objectives
• Build and maintain relationships with brokers, investors and other key stakeholders

Requirements:

• Minimum of 5 years of multifamily transaction experience
• Bachelor’s degree in Finance, Economics, Business Administration or related field
• Travel 1 – 2 times per month
• Highly proficient in Excel and advanced financial modeling
• Strong understanding of finance concepts, including discounted cash flows, IRR’s, equity multiples, loan sizing and investment waterfalls (promote modeling)
• Exceptional communication and interpersonal skills to manage and strengthen investor relationships
• Highly organized, detail-oriented and capable of managing multiple priorities

Benefits:

• Base salary and discretionary annual bonus competitive with industry standards

$120,000 - $160,000 depending on experience

• Health and dental insurance paid fully at the employee level by employer
• Eligible upon hire for 401(k) plan
• Paid holidays and vacation time

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