Acquisitions Co-Op Associate
Groma is blending real estate and technology to unlock a new real estate asset class while making it easier for everyone, from institutional investors to the residents in our buildings, to participate in ownership. Our property technology platform uses AI to bring new efficiencies to the small unit count multifamily sector, enabling us to efficiently acquire, upgrade, and operate these 2-20 unit multifamily buildings and bring institutional performance to this massive but historically overlooked sector. Our investor technology platform makes owning these assets accessible to a broad array of investors, with bespoke vehicles available to institutional and family office investors and our flagship vehicle, the blockchain-powered GromaREIT, available to everyone, with a special focus on enabling ownership for the residents in our buildings. Visit www.groma.com to learn more about us.
About the Role
We are seeking a highly motivated and data-driven Acquisitions Co-Op Associate to join our dynamic team here at Groma, a rapidly growing real estate investment management start-up. The Acquisitions Co-Op Associate will play a crucial role in supporting the acquisitions team with transaction activities such as relating to acquisitions, dispositions, and financing at the deal and partnership levels. The Acquisitions Co-Op Associate is involved in strategic aspects of the acquisition team, as well as various aspects of day-to-day operations of the company. The primary role is supporting the sourcing and preparation of detailed economic analysis of real estate investment properties. The Acquisitions Co-Op Associate is also expected to be able to synthesize complex business reporting to help the investment team make informed strategic decisions.
Job Functions
- Tour, underwrite, and analyze real estate acquisition and development opportunities and provide investment recommendations.
- Manage and enhance acquisition tools, such as financial models, market research models, and due diligence workflow diagrams.
- Assist with analytical and transactional aspects of an investment, including sourcing, market research, due diligence, financing, structuring, negotiating and closing on new real estate investments.
- Responsible for internal administrative work, such as information gathering, tracking, analysis and reporting.
- Engage in cross-functional work as-needed to support the growth of the business. This includes partnering with investor relations on fundraising topics, legal to close deals, property operations to ensure smooth handoffs, engineering on technology optimizations to our acquisitions process, and accounting/finance for performance reporting.
Experience
- Pursuing a Bachelor's degree in Finance, Real Estate, or a related field preferred
- In-depth knowledge of real estate financial modeling and data analysis
- Strong and thoughtful data analysis skills.
- Prior real estate investment experience is a plus.
- Excellent written and verbal communication skills.
- Detail oriented with strong organizational skills.
- Ability to work independently and as part of a team.
- Advanced skills with Microsoft Excel & Google Sheets.
Job Benefits
- Fully covered commuter passes for bus, subway, boat, or commuter rail
- Competitive paid time off policy
- In-office gym, game room, roof deck
- Comprehensive food, beverage, and catering program
Acquisitions Co-Op Associate
Groma is blending real estate and technology to unlock a new real estate asset class while making it easier for everyone, from institutional investors to the residents in our buildings, to participate in ownership. Our property technology platform uses AI to bring new efficiencies to the small unit count multifamily sector, enabling us to efficiently acquire, upgrade, and operate these 2-20 unit multifamily buildings and bring institutional performance to this massive but historically overlooked sector. Our investor technology platform makes owning these assets accessible to a broad array of investors, with bespoke vehicles available to institutional and family office investors and our flagship vehicle, the blockchain-powered GromaREIT, available to everyone, with a special focus on enabling ownership for the residents in our buildings. Visit www.groma.com to learn more about us.
About the Role
We are seeking a highly motivated and data-driven Acquisitions Co-Op Associate to join our dynamic team here at Groma, a rapidly growing real estate investment management start-up. The Acquisitions Co-Op Associate will play a crucial role in supporting the acquisitions team with transaction activities such as relating to acquisitions, dispositions, and financing at the deal and partnership levels. The Acquisitions Co-Op Associate is involved in strategic aspects of the acquisition team, as well as various aspects of day-to-day operations of the company. The primary role is supporting the sourcing and preparation of detailed economic analysis of real estate investment properties. The Acquisitions Co-Op Associate is also expected to be able to synthesize complex business reporting to help the investment team make informed strategic decisions.
Job Functions
- Tour, underwrite, and analyze real estate acquisition and development opportunities and provide investment recommendations.
- Manage and enhance acquisition tools, such as financial models, market research models, and due diligence workflow diagrams.
- Assist with analytical and transactional aspects of an investment, including sourcing, market research, due diligence, financing, structuring, negotiating and closing on new real estate investments.
- Responsible for internal administrative work, such as information gathering, tracking, analysis and reporting.
- Engage in cross-functional work as-needed to support the growth of the business. This includes partnering with investor relations on fundraising topics, legal to close deals, property operations to ensure smooth handoffs, engineering on technology optimizations to our acquisitions process, and accounting/finance for performance reporting.
Experience
- Pursuing a Bachelor's degree in Finance, Real Estate, or a related field preferred
- In-depth knowledge of real estate financial modeling and data analysis
- Strong and thoughtful data analysis skills.
- Prior real estate investment experience is a plus.
- Excellent written and verbal communication skills.
- Detail oriented with strong organizational skills.
- Ability to work independently and as part of a team.
- Advanced skills with Microsoft Excel & Google Sheets.
Compensation
This role is compensated at a rate of $20/hour
About our Culture
At Groma, we’re looking to build something big and are on a very fast growth trajectory. While a healthy work-life balance is important to our team, we want to be upfront that there may be times when we expect commitments outside of the standard 9-5. We strive to respect individuals and their needs, while also acknowledging the reality that we have a small team that is trying to accomplish some very ambitious goals in a short period of time.
We are also focused on maintaining our dynamic in-office culture at Groma’s headquarters in beautiful downtown Boston, Massachusetts. We believe that in-person collaboration and spontaneous interpersonal interaction is critical to the company’s success at this stage. Also, our office is great. We own the whole building and have made it very much our own space. We’ve got a gym, locker rooms, a game room, a rooftop garden, and all the normal stuff to make an office an effective and fun place to be. We understand that everyone will need to work from home or the road occasionally, but want to be transparent with this expectation.
We have an ever-evolving list of values and conventions that guide how we operate as a company, but here’s a high-level overview of how we think about doing what we do:
- We approach our work with pragmatic idealism that enables us to focus on our desire to make the world a better place in ways big and small while also being open to intelligent compromises that accelerate us on our path to serve our broader societal goals.
- Our whole team believes strongly that the challenges we are solving require effective teams, not individual heroes.
- We have complex conversations well. We sit at the intersection of housing and blockchain policy, both nuanced topics with real-world impacts. We pride ourselves on being thoughtful, seeking the best solutions to real-world challenges, and implementing them effectively in the real world.
Job Benefits
- Fully covered commuter passes for bus, subway, boat, or commuter rail
- Competitive paid time off policy
- In-office gym, game room, roof deck
- Comprehensive food, beverage, and catering program
