About this Associate, SFR Revenue Management & Underwriting role at Evergreen Residential Holdings, LLC
Evergreen Residential is a high growth Real Estate Company and institutional investment platform in the single-family residential ('SFR') and build-to-rent (“BTR”) sectors. We are committed to changing the way investors own and manage SFR homes, and to building a modern way to deliver the data, tools and services that enable our clients to invest in the world’s largest asset class at scale. Our team is collaborative, open-minded and curious. Transparency is a core value, we speak our minds, are responsible for our actions and celebrate our wins. We are serious about our business, but we don't take ourselves too seriously.
We offer a flexible, empowering culture, competitive compensation and benefits, and the opportunity to work with and learn from industry pioneers and experts.
If you are self-motivated and mission driven with a ‘can do’ mindset and see solutions where others may see problems, come and grow with us!
We offer a flexible, empowering culture, competitive compensation and benefits, and significant potential for career growth and development. This position will be based in our New York City office, and we will consider a hybrid work schedule.
The Role: This position includes, but is not limited to, the following responsibilities:
- Evaluate opportunities for the acquisition of SFR properties through various sourcing channels with a focus on Build-to-Rent and Portfolios.
- Prioritize and accurately perform asset level valuations on multiple potential properties
- Identify opportunities to enhance and scale underwriting metrics
- Oversee holistically end to end process from bid through closing and evaluate results relative to Investor mandates.
- Work with the senior team members to implement potential efficiencies through improved workflows and assisting in the design of cutting-edge technology enhancements etc.
- Prepare and present investment memorandums and reporting
- Monitor real estate trends, research market characteristics and prepare market analysis with direction from acquisition management
- Work collaboratively across functions to execute initial underwriting and establish comprehensive lease up plans with Asset Management and Property Management teams
- Perform Revenue Management functions to assist in overseeing the ongoing management of deals post-close through initial stabilization to maximize ROI, focusing on macro market trends, market feedback, etc.
- Meet or exceed KPIs to drive results, including participation in ad hoc projects and initiatives as assigned.
Qualifications and Experience
- Bachelor’s degree required. Ideally focused on Finance, Business or Real Estate
- 3+ years asset valuation skills and real estate experience, single family rental background a plus
- Collaborative team player, able to successfully perform on cross functional activities
- Highly organized with excellent project management skills and strong attention to detail
- Analytical mindset, adept at critical thinking and problem solving
- Motivated self-starter
- Demonstrated ability to perform effectively in a fast-paced, entrepreneurial environment
- Flexible and able to effectively manage ambiguity and change
- Excellent written and verbal communication skills
- Open to travel as required (markets buying in, visit assets acquired) - expect majority of work to be in NYC
The anticipated base salary range for this position is $110,000 - $125,000. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
Please do not rely on compensation estimates for our jobs that are posted on sites other than our direct website as these may be misleading.
About Evergreen Residential
Founded in 2021, Evergreen Residential is a full-service SFR platform leveraging proven operational practices and the latest technological advances to optimize investor returns and achieve positive outcomes for our residents and the communities in which we operate. We offer a full suite of services, including Investment Management, Asset Origination, and Advisory Services. The firm is headquartered in Dallas with offices in New York City.
The leadership team has extensive experience dating back to the early institutionalization of SFR and unrivaled depth of experience in the complete asset life cycle. We are built to withstand changing market conditions, and our business produces resilient, predictable cash flows and margins. We are committed to charting new paths and using data to achieve best-in-class results. Our business is evergreen.
Beyond financial returns, the Company is committed to measurable impact objectives. We believe that inclusive and equitable management, environmentally sustainable long-term strategies, and resident-focused policies are good business - for our residents, our investors, and our team. We are committed to using environmentally sustainable practices and empowering our residents to improve their financial health.
Our cornerstone values - Accountability, Transparency and Partnership - are built on a foundation of Integrity and provide the roadmap for our daily actions, interactions and decisions.
Equal Opportunities and Other Employment Statements
We are deeply committed to building a workplace and community where inclusion is not only valued but prioritized. We take pride in being an equal opportunity employer and seek to create a welcoming environment based on mutual respect, and to recruit, develop and retain the most talented people from a diverse candidate pool. All employment decisions shall be made without regard to race, color, religion, gender, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, neurodiversity, disability, age, or veteran status, or any other basis as protected by federal, state, or local law.
