We are working with a dynamic client that is soaring past the tulmutous economic market and leading a practice in Real Estate Acquisition.

Job Summary:

The Real Estate Associate will work closely with the Principal to identify, evaluate, and execute acquisition opportunities for Real Estate projects. This role involves preparing Letters of Intent (LOIs), conducting financial underwriting, performing due diligence, and supporting the development process from inception to completion. The ideal candidate is analytical, proactive, and eager to contribute to a fast-paced, entrepreneurial environment.

Key Responsibilities:

Acquisitions Support: Assist in identifying and evaluating potential land acquisition opportunities for master-planned communities or other real estate asset types, including market research and site analysis.
Letters of Intent (LOIs): Draft, review, and negotiate LOIs and preliminary agreements with property owners, brokers, and other stakeholders.
Financial Underwriting: Build and maintain detailed financial models to assess project feasibility, including cash flow projections, return on investment (ROI), and sensitivity analyses.
Due Diligence: Coordinate and conduct due diligence efforts, including zoning reviews, entitlement processes, environmental assessments, and title investigations.
Market Analysis: Research market trends, demographics, and competitive landscapes to support acquisition and development strategies.
Project Coordination: Collaborate with internal teams and external partners (e.g., architects, engineers, legal counsel) to advance projects through the planning and entitlement phases.
Documentation: Prepare investment memos, presentations, and reports for the Principal and potential investors or lenders.
Relationship Management: Build and maintain relationships with brokers, landowners, municipal officials, and other key stakeholders in the real estate ecosystem.
Ad Hoc Support: Provide additional support to the Principal on various tasks related to business development, strategy, and operations as needed.

Qualifications:

Bachelor’s degree in Real Estate, Finance, Business Administration, Urban Planning, or a related field.
2-5 years of experience in real estate acquisitions, development, or investment analysis (experience with master-planned communities or large-scale residential projects is a plus).
Strong financial modeling skills and proficiency in Microsoft Excel; experience with Argus or similar software is an advantage.
Excellent written and verbal communication skills, with the ability to draft professional correspondence and present complex information clearly.
Knowledge of real estate due diligence processes, including zoning, entitlements, and land development regulations.
Detail-oriented with strong organizational and multitasking abilities.
Ability to work independently and collaboratively in a fast-paced, entrepreneurial environment.
Passion for real estate development and a desire to grow within the industry.

Preferred Skills:

Familiarity with master-planned community development processes.
Experience negotiating contracts or LOIs.
Proficiency in project management tools (e.g., Monday.com, Asana) and real estate data platforms (e.g., CoStar, Reonomy).

Lockstep, Inc.

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Acquisition Associate