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A more rewarding way to rent and own a home

Acquisitions Associate

$80k – $120k
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Up&Up, a housing finance start-up that allows renters to access the financial benefits of ownership by investing upfront and over time, is seeking an experienced and talented Acquisitions Associate to track deals and return requirements while using sales data and pricing to forecast future book of business, market conditions + indicators in their decision-making.

This is an exceptional opportunity for an acquisitions lead that thrives in an entrepreneurial environment that intersects real estate with cutting edge technology products.

Responsibilities
+ Develop financial models and/or underwriting for use in evaluating potential investments
+ Build process for successfully identifying/underwriting properties in a supply chain fashion
+ Assist with asset management, business plan development, exit strategy plan, and execution
+ Manage all facets of bringing deals to funding, including presentation to investment leadership
+ Assessing and analyzing property/market fundamentals for new property acquisitions, managing due diligence, drafting offering memorandums & investment summaries along with company exec summary, and also get involved in assisting with closing transactions.
+ Performing asset-level valuations, ROI & IRR analyses for value-add & core asset acquisitions
+ Assist in the development of analytic & quantitative tools to enhance and streamline investment processes and development models

Key Qualifications
+Bachelor’s degree in Business, Finance, Mathematics, Statistics, Quantitative Analysis or similar field; Masters degree preferred
+ 5+ years in valuing and acquiring single-family properties at scale
+ 1-2 years as an analyst in real estate, investment banking or finance
+ Constantly seeking new avenues for acquiring bulk, distressed or bank-owned properties
+ Ability to create and present in-depth financial analysis models
+ Highly organized with exceptional attention to detail, judgment, and decision-making
+ Ability to perform advanced mathematical calculations
+ Experience managing, updating and analyzing large quantities of data
+ Strong business writing and communication skills

About Up&Up
Up&Up (formerly Homevest) is an NYC-based housing finance start-up comprised of a strong team of former investment and technology professionals. Well-funded by top venture capitalists (Founders’ Fund, Khosla, Kairos) and led by strategic angels from Opendoor, Morgan Stanley, JP Morgan, and Millennium, Up&Up is a future leader in sensible housing.

Unlike other startups - which either focus on first-time homebuyers or aren’t structured to benefit the renter - Up&Up's renters receive the same returns as our investors without the burdens and responsibilities of traditional homeownership such as a mortgage or paying for repairs.

We are committed to building a diverse and inclusive company that celebrates and develops individuals of all backgrounds. We are equal opportunity employers and encourage all to apply.

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