Overview
A senior analyst position is available to support the growth of a manufactured housing investment platform focused on manufactured housing communities (MHCs) and related housing assets. This role supports the acquisitions team by evaluating and executing new investment opportunities including acquisitions, recapitalizations, and value-add investments within the manufactured housing sector.
This is a remote position open to candidates located west of Chicago, with preference for those based in Kansas, Oklahoma, Texas, or Indiana. Travel may be required for property tours, due diligence, and meetings.
Responsibilities
- Build and maintain detailed financial models for manufactured housing community acquisitions, incorporating lot rent growth, utility recovery, home sales programs, capital expenditures, and expense normalization.
- Conduct comprehensive market and submarket analysis specific to manufactured housing, including supply constraints, zoning, demographic trends, affordability, and competitive positioning.
- Perform due diligence on transactions, reviewing rent rolls, utility billing systems, home ownership vs. rental mix, infrastructure condition, and regulatory compliance.
- Coordinate and analyze third-party reports such as appraisals, property condition assessments, environmental reports, surveys, title reports, and utility studies.
- Support negotiation, due diligence, and closing activities by preparing transaction materials, reviewing purchase and sale agreements, and coordinating with brokers, legal counsel, lenders, property managers, and escrow agents.
- Take ownership of underwriting assumptions, diligence findings, and investment recommendations for each transaction.
- Prepare comprehensive investment memoranda and supporting materials for internal investment committee presentations, clearly articulating manufactured housing–specific risks and return drivers.
- Monitor and report on manufactured housing market trends including rent growth, operating expenses, capital markets activity, regulatory changes, and competitor behavior.
- Assist in evaluating and executing capital markets transactions related to manufactured housing assets, including acquisition financing, refinancings, supplemental loans, and equity structures.
- Collaborate with asset management to transition closed acquisitions, support business plan execution, and refine underwriting assumptions based on operating performance.
- Manage multiple transactions simultaneously to meet acquisition team timelines and internal/external deadlines.
Requirements
- 2–5 years of experience in real estate acquisitions, real estate finance, investment banking, or principal investing with experience in cash-flowing real estate assets.
- Bachelor’s degree in finance, business, accounting, real estate, or a related field.
- Strong financial modeling and analytical skills with advanced Excel proficiency; experience underwriting cash-flowing real estate assets is required.
- Demonstrated ability to build waterfall distribution models including promote structures, preferred returns, and multi-tier equity structures is strongly preferred.
- Familiarity with or ability to quickly learn manufactured housing–specific metrics such as lot rent, utility reimbursement, home sales programs, infill strategies, and infrastructure capital expenditures.
- Experience reviewing operating statements, rent rolls, and due diligence materials for manufactured housing or other residential real estate asset classes.
- Excellent written and verbal communication skills to clearly convey complex analyses.
- Strong organizational skills with the ability to manage multiple transactions and meet tight deadlines.
- Collaborative and team-oriented mindset with ability to work effectively across acquisitions, asset management, property management, and capital markets teams.
- Proficiency with Microsoft Office; experience with ARGUS or similar real estate software is a plus.
- Willingness to travel as required.
Compensation & Benefits
Details regarding compensation and benefits were not provided.
Location
Remote position open to candidates located west of Chicago, with preference for candidates based in Kansas, Oklahoma, Texas, or Indiana. Travel may be required.