Acquisitions Analysts
At Spartan Investment Group our mission is to improve lives through our values. We do this by finding value-add and opportunistic investments offering solid returns to our investors. Providing an opportunity to grow for our partners and creating lasting wealth for everyone with whom we conduct business is how we make our greatest contribution.
We specifically focus on self-storage projects capitalizing on amazing deals in other asset classes. In 2021, we were listed as the 5th fastest growing real estate company in the US and joined the list of the top 100 owners of self-storage. We are members of the Inc. 5000 fastest-growing private companies in America and in 2023 we were #13 in Denver Business Journals list of top places to work.
Mission
The mission of the Acquisitions Analyst is to support Spartan Investment Group’s growth by delivering accurate, timely, and decision-ready underwriting for potential self-storage acquisitions and development opportunities. This role evaluates investment opportunities through financial modeling, market research, due diligence, and investment analysis, providing the insights needed to determine whether opportunities align with Spartan’s investment strategy and return requirements.
The Acquisitions Analyst serves as a key analytical partner to the Acquisitions team, transforming property, market, and financial data into clear recommendations that support disciplined investment decisions.
Key Performance Indicators
- Underwriting Accuracy: Reliability of financial models, assumptions, calculations, and investment analyses used to evaluate acquisition opportunities.
- Underwriting Turnaround: Speed and consistency of completing initial underwriting, revisions, and requested deal analysis within established acquisition timelines.
- Pipeline Support: Volume and quality of acquisition opportunities analyzed and supported through the underwriting process.
- Forecast Reliability: Alignment of underwriting assumptions with validated market data, due diligence findings, and updated deal information.
- Due Diligence Quality: Thoroughness of financial and operational diligence and effectiveness in identifying material risks, discrepancies, and opportunities.
- Deliver Accurate Acquisition Underwriting: Build and maintain comprehensive financial models for 100% of assigned acquisition and development opportunities, incorporating cash flows, financing assumptions, operating projections, exit scenarios, and investment returns.
- Evaluate Deal Economics: Analyze 100% of assigned opportunities against established investment criteria and return requirements, clearly identifying the primary value drivers, risks, assumptions, and potential barriers to investment.
- Develop Market-Supported Assumptions: Complete property and market research for each assigned opportunity, including competitive supply, rental rates, occupancy, demographics, demand drivers, and relevant transaction activity, with all material underwriting assumptions supported by documented data or a clearly defined rationale.
- Execute Financial Due Diligence: Review historical financial statements, operating reports, rent rolls, budgets, and other available property information for opportunities advancing through diligence, identifying and communicating material discrepancies or changes to underwriting assumptions before final investment approval.
- Stress-Test Investment Performance: Perform scenario and sensitivity analyses on key variables for 100% of opportunities advancing to formal investment review, evaluating the impact of changes in occupancy, rental rates, expenses, financing, exit cap rates, and other material assumptions.
- Maintain Underwriting Quality Standards: Maintain models and supporting documentation with a target of 95%+ accuracy and completeness, minimizing material errors and ensuring underwriting can be efficiently reviewed, audited, and updated by the broader Acquisitions team.
- Communicate Investment Analysis: Deliver clear underwriting summaries and supporting analysis for 100% of opportunities presented for investment review, highlighting key assumptions, returns, risks, sensitivities, and changes that could influence the investment decision.
- Support Deals Through Closing: Update models and supporting analysis throughout due diligence and closing as new information becomes available, completing agreed-upon revisions and deliverables within established deal timelines at least 95% of the time.
- Analytical Thinking: Breaks complex financial and operational information into meaningful insights and identifies the factors most likely to influence investment performance.
- Attention to Detail: Consistently identifies errors, inconsistencies, and unsupported assumptions while producing precise and reliable work.
- Judgment: Uses context and available information to make sound decisions and recognizes when additional information or escalation is necessary.
- Ownership: Takes responsibility for assigned deals and deliverables from initial analysis through completion without requiring continuous direction.
- Communication: Explains financial analysis, assumptions, risks, and conclusions clearly to stakeholders with varying levels of technical expertise.
- Adaptability: Responds effectively to changing deal information, shifting priorities, and tight acquisition timelines without sacrificing quality.
- Bachelor’s degree in Finance, Real Estate, Accounting, Economics, Business, or a related field.
- 3+ years of experience in commercial real estate acquisitions, investment analysis, underwriting, or a closely related field.
- Demonstrated experience building and analyzing commercial real estate financial models, including cash flow projections, investment returns, and scenario or sensitivity analysis.
- Advanced proficiency in Microsoft Excel, including the ability to independently build, audit, and modify complex financial models.
- Experience analyzing property-level financial statements, operating data, market information, and due diligence materials to support investment decisions.
- Self-storage experience strongly preferred; experience with another operationally intensive commercial real estate asset class may also be considered.
- Dedicated home office or professional remote work environment.
- Reliable high-speed internet connection capable of supporting video conferencing and daily business operations.
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