A Day In The Life Of An Acquisitions Analyst At Intercontinental Real Estate Corp
An acquisitions analyst's day-to-day work at Intercontinental Real Estate Corp. fluctuates with market conditions; when opportunities abound, the focus is on "chasing down deals," involving "familiariz[ing] [oneself] with the asset," underwriting, due diligence, and networking with partners and brokers, all while monitoring multiple markets from Denver West. This necessitates a deep understanding of market dynamics and financial modeling to assess potential investments and their strategic implementation.
Financial Modeling, Market Analysis, Real Estate Investment, Due Diligence, Networking
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Anthony Marquez
Acquisitions Analyst
Intercontinental Real Estate Corp
University of Arizona, 2021
N/A
Finance
Finance (Banking, Fintech, Investing), Real Estate
Real Estate
Took Out Loans, Greek Life Member
Video Highlights
1. The day-to-day activities of an acquisitions analyst are highly dependent on market conditions; during busy periods, analysts are actively involved in pursuing deals, while slower periods allow for more time to focus on other tasks.
2. A significant portion of the role involves analyzing potential deals by examining the asset's location, market dynamics, and potential investment strategies; this includes using financial modeling to project returns and assessing renovation needs and holding periods.
3. The position also entails due diligence, including environmental and structural assessments; networking with potential partners and brokers; and staying updated on market trends across various geographical locations
Transcript
What does a day in the life of an acquisitions analyst look like?
In a "Day in the Life" as an acquisitions analyst, acquisitions as a whole in this industry are closely tied to market conditions. When things are going well, we're busy chasing deals. When things are slower, we might have a little extra time to work on other things.
Right now, with acquisitions in general, we're looking at potential deals to add to the fund and buy for our company and our investors. A big part of my role is to familiarize myself with the asset.
This involves looking at different locations, seeing market dynamics, and the strategy we'd implement if we were to buy it. This all goes into the underwriting process.
I take historical financials and use our financial model to see what our returns look like. We consider questions like: what strategy would we implement? Would we renovate? Are we holding long-term or short-term?
I also assist with due diligence, ensuring everything is environmentally and structurally sound, and connecting our teams with the right people. It's important to stay up-to-date with the real estate environment.
Our office covers everything from Denver West, so there are many markets we cover. A lot of our job is knowing what's going on in those markets and seeing buying opportunities within them.
Besides that, a lot of the job is networking. This includes phone calls and meeting with potential partners or brokers we might do business with in the future, or have in the past. This is also a part of the position.