Financial Analyst, Acquisitions

Company

Homestead Communities (the “Company”) addresses the affordable housing crisis in the United States by providing safe, clean and supportive communities where working families and retirees can own or rent affordable, high-quality, single-family manufactured homes.  Founded in 2023, the Company was one of the ten largest buyers of manufactured housing communities (“MHC”) over the past two years. Homestead Communities is committed to responsible stewardship for its residents, providing engaging careers for its team members, and delivering attractive risk-adjusted returns to its investor.

Homestead Communities is owned by its management team and one of the world’s largest, publicly-traded, international real estate investors. The Company combines proven, growth-orientated entrepreneurial leadership with institutional discipline and financial capability. This position offers the opportunity to contribute meaningfully to a new enterprise with proven partners and the resources and experience to build a significant operating business.

Location

Anywhere in Brasil, (or Latin America).  The position is home-based.

Position Overview

The Financial Analyst, Acquisitions will use the Company’s financial model to project cash flows for potential acquisitions. Projections include initial capital, financing, and monthly operating income and expenses. Projections depend on analysis of MHC’s historic financial statements, current rent roll, and primary market research, all lead by the Financial Analyst, Acquisitions.  Further financial analysis, which may require additional market or property diligence, is typically needed to respond to property-specific questions and unique investment characteristics.

The position can be full-time or a minimum commitment of 25 hours weekly. If part-time, the candidate must have flexibility to meet carrying deadlines for workflow. The daily time commitment will vary with the Company’s deal flow. There will be times when there are multiple transactions at the same time and times when there are short deadlines.  There will be times between transactions that the Financial Analyst, Acquisitions will assist in broader work related to acquisitions.

Responsibilities

• Prepare cash flow projections for proposed acquisitions.

o   Detailed, monthly projections for ten-year hold period. Dozens of line-items used to specify assumptions and clearly calculate resulting values.

o   The Vice President, Acquisitions provides initial underwriting assumptions, sets deadlines, and provides quality assurance review.

o   Review and understand historic financial statements from a MHC seller and / or broker.

o   Prepare return sensitivities to varying operating assumptions.

o   Identify comparable MHCs and call MHCs to determine their occupancy, rental rates, amenities, and housing stock.

o   Review rental rates for competitive apartments and single-family homes. Review sales values and absorption of for-sale single-family homes in the submarket.

o   Master MHC property and owner lists.

o   CRM lists and programs.

o   MHC sales comps through database searches and contact with MHC brokers.

Reporting

Advancement

Qualifications

Compensation

Miscellaneous