Clear Capital LLC-Acquisitions Analyst: Multifamily

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Location

Los Angeles, CA

About

In this role, you will be an integral part of the transactions team at Clear Capital, LLC and participate in all facets of underwriting and acquiring multi-housing real estate investments. Our values are Excellence, Integrity, Transparency, Truth, and Growth so you will be challenged to improve both professionally and personally every day you are working alongside our tight-knit team. The transaction team’s mission is to put the firm’s investors first and approach every investment it makes with an in-depth understanding of how each investment will deliver real economic profit as well as preserve capital while improving the community in which the property sits. If you want to be part of a team that is collaborative, invested in your success and growth, and that will help you take your skills to the next level, apply to our Spring/Summer 2021 Internship.

Important Application Information

Compensation: $15.00-$20.00 Per Hour.

Program Length: The approximate dates of this internship are April 2021- September 2021.

Availability: Interns must be available to work full time hours (approximately 40 hours per week) and be fully available for the duration of the internship.

Housing: Interns must provide their own housing for the duration of their internship program.

Transportation: Interns must have reliable transportation to get to and from work for the duration of their internship program.

In-Office: This internship is not a remote position. Interns will be expected to work from Clear Capital, LLC’s Los Angeles office in Westwood.

Required Materials: PDF Version of Resume, Cover Letter

APPLICATIONS WITHOUT A COVER LETTER WILL NOT BE CONSIDERED.

Company and Program Background:

Clear Capital is a private equity real estate investment firm specializing in direct equity investments in multi-family real estate. We focus on identifying, acquiring, improving, and monetizing apartment assets throughout the West and Sunbelt regions of the US. Clear Capital currently owns over 3,800 units spread across 18 communities in 4 states on behalf of its investors’ and the company’s funds.

Clear Capital is seeking a Real Estate Acquisitions Intern that is passionate about multi-family real estate, hungry to learn, and that wants to grow with our company. We take a mentorship approach with our Interns and teach our talented team members the entire process we use to successfully acquire properties on behalf of our investors. Through this role, you will gain the skills, understanding, and expertise to analyze and underwrite acquisitions and you will be exposed to transactional due diligence, capital raising, financing, and the closing process.

During your time here, you will support the transactions team by performing market research and sourcing and maintaining information in key databases. You will also underwrite prospective acquisitions, assist during the due diligence and closing process, and provide ad-hoc support for special projects across the company’s various departments. Interns are expected to be quick thinkers with excellent communication and interpersonal skills that can solve problems, overdeliver on all expectations, and maintain a genuine positive attitude.

Responsibilities:

Property Identification and Underwriting

· Complete transaction screening, and contact investment sales professionals to gather key data to utilize in creating property and investment summaries

· Assist the Analysts and VP of Acquisitions in underwriting new acquisitions by researching property comps, analyzing financial statements, building operating and capital budgets, conducting submarket research, and sourcing other relevant information within target markets

· Apply standard analytical processes to create detailed financial investment cash flow models to determine whether opportunities meet/exceed the company’s investment criteria

Property Acquisition

· Assist in the coordination of the due diligence process for new acquisitions, including assisting in the review of third party reports, compiling market analyses, completing rental surveys, assisting during property inspections, and helping with other items as required

· Maintain and update acquisition pipeline reporting and other exhibits for team meetings

· Review key financial exhibits and provide complete analyses to senior management for prospective acquisitions

· Prepare summaries of market research, financial analysis, and due diligence in preparation for all individual and team acquisition meetings

Other

· Database management

· Market research

· Ad-hoc financial modeling

Basic Qualifications

· Passion for or strong demonstrated interest in multi-family real estate

· Hardworking, analytical, detail-oriented and organized

· Track record of personal, educational, and professional success

· Excellent organizational skills with the ability to work on multiple projects in an efficient manner to meet all deadlines

· Excellent innovative thinking and problem-solving skills

· A “get it done now” approach with a “whatever it takes” mentality

· Excellent skills in Excel, Word, and PowerPoint

· Excellent internet research skills

· Excellent verbal and written communication skills

· Excellent management communication skills with the ability to "manage up" and seek help, clarification, and prioritization of tasks from senior members of the firm

· Ability to work independently and with guidance from senior management

· Ability to work under pressure and in a time sensitive environment

Required Education or Experience

· Junior or Senior pursuing an undergraduate degree with coursework in Business, Finance, Economics, and/or Real Estate

· Recent graduate with a bachelor’s degree in Business, Finance, Economics, and/or Real Estate; Graduate degree a plus

· Real estate financial analysis and underwriting experience a plus

· Excel financial modeling experience a plus

· 1-2 years of real estate or finance (equivalent) experience a plus

Skills

· Strong interpersonal skills and team oriented with a positive attitude

· Desire to learn new skills and take on challenges

· Creative problem solver with great learning agility

· Good communication skills

· Passion for Clear Capital’s mission

Attitude

· Responsible and Independent

· Committed to Excellence

· Committed to Growth

· Integrity

· Transparent Communicator

· Passionate and Driven

· Professionally Mature

· Entrepreneurial Approach with an Ownership Mentality

· An understanding that every single detail matters

· Sense of Humor

Job Types: Full-time, Temporary, Internship

• Pay: $15.00 - $20.00 per hour