Acquisitions Manager - The RMR Group
Newton, MA 02458
About the Job
The Acquisitions Manager principally focuses on underwriting the acquisition of retail, hospitality, industrial, office, life science, medical office and senior living properties for The RMR Group (NASDAQ: RMR) and its managed companies.
Responsibilities:- Source acquisition opportunities through marketed and off-market channels.
- Underwrite prospective acquisitions through evaluation of the market, tenancy and cash flows.
- Develop presentation materials and in-depth Excel models to analyze cash flows and evaluate new potential investments that are accurate, complete and timely.
- Interfacing with capital partners and other third parties to execute investments.
- Prepare and present investment memos with recommendations and internal stakeholders.
- Collaborate with RMR Asset Services for market knowledge and property underwriting assumptions and to develop strategic business plans for acquisitions under consideration.
- Collaborate with RMR’s mortgage lending platform, Tremont Realty Capital, to develop financing assumptions.
- Assist with coordination of the due diligence and closing processes.
- Assist with preparation of property disposition analyses and the marketing process for property sales.
- Occasionally travel to conduct property tours and attend conferences regionally and nationally.
- Contribute to ad hoc projects as needed.
- Bachelor’s degree – Preferred course of study: Finance, Real Estate or Accounting.
- 5+ years of commercial real estate experience with retail, hospitality, industrial, office, life science, medical office and senior living underwriting, asset management, mortgage lending or mergers and acquisitions.
- Fluency with Microsoft Excel, PowerPoint and ARGUS Enterprise.
- Strong quantitative skills and proficiency in financial modeling and valuation.
- Thorough understanding of debt and equity capital markets.
- Ability to deliver work in a timely and accurate manner, meeting deadlines and allowing time for next level review.
- Ability to collaborate and exchange ideas within the department and throughout the company.
- Ability to prioritize time between multiple projects with minimal supervision.
- Be self-motivated and proactive with the ability to work both independently and as a team player.
- Excellent organizational, research, verbal and written communication skills.
- Ability to work in a fast-paced, team centered, results-driven environment.
- Enthusiasm, professionalism, and resourcefulness.
#LI-DNI
Company Overview:The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is strengthened by over 1,100 real estate professionals in more than 30 offices nationwide who manage over $41 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a “Top Place to Work”, by the Environmental Protection Agency (EPA) as an “ENERGY STAR Partner of the Year” and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.
RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:
- Integrity at Our Core.
- Perform Passionately and Effectively.
- Inspired Thinking.
- Like We Own It.
- Power of We.
- Mutual Respect.
Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.
Follow RMR on LinkedIn, on Instagram @thermrgroup and on Twitter @The_RMR_Group.
The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.