Note: The job is a remote job and is open to candidates in USA. Saban Real Estate LLC is a company focused on acquiring and developing a diverse portfolio of commercial real estate. They are seeking a Sr. Analyst to support their Manufactured Housing investment platform by evaluating and executing new investment opportunities and conducting detailed financial analyses.
Responsibilities
- Underwrite manufactured housing community acquisitions and related housing investments using detailed Excel-based financial models, including lot rent growth, utility recovery structures, home sales programs, capital expenditures, and expense normalization
- Conduct in-depth market and submarket analysis specific to manufactured housing, including supply constraints, zoning and entitlement considerations, demographic trends, affordability metrics, and competitive community positioning
- Perform due diligence for MH transactions, including review and analysis of rent rolls, utility billing systems, home ownership vs. rental mix, infrastructure condition (roads, utilities, septic/water), and regulatory compliance
- Coordinate and analyze third-party reports such as appraisals, property condition assessments, environmental reports, surveys, title reports and utility studies
- Support negotiation, due diligence, and closing activities by preparing transaction materials (Letters of Intent), reviewing purchase and sale agreements, and coordinating with brokers, legal counsel, lenders, property managers, and escrow agents
- Demonstrate ownership and accountability for underwriting assumptions, diligence findings, and investment recommendations for each potential transaction
- Prepare comprehensive investment memoranda and supporting materials for internal investment committee presentations, with a clear articulation of manufactured housing–specific risks and return drivers
- Monitor and report on manufactured housing market trends, including rent growth, operating expenses, capital markets activity, regulatory changes, and competitor behavior
- Assist in evaluating and executing capital markets transactions related to MH assets, including acquisition financing, refinancings, supplemental loans, and equity structures
- Collaborate with asset management to transition closed acquisitions, support business plan execution, and refine underwriting assumptions based on operating performance
- Contribute to meeting acquisition team timelines and internal/external deadlines across multiple transactions
Skills
- 2–5 years of experience in real estate acquisitions, real estate finance, investment banking, or principal investing; experience with cash-flowing real estate assets required
- Bachelor's degree in finance, business, accounting, real estate, or a related field
- Strong financial modeling and analytical skills, with advanced proficiency in Excel; experience underwriting cash-flowing real estate assets required
- Familiarity with, or the ability to quickly develop proficiency in, manufactured housing–specific metrics such as lot rent, utility reimbursement, home sales programs, infill strategies, and infrastructure capex
- Experience reviewing operating statements, rent rolls, and due diligence materials for MH or other residential real estate asset classes
- Ability to communicate complex analyses clearly and concisely through written materials and presentations
- Strong organizational skills with the ability to manage multiple transactions simultaneously and meet tight deadlines
- Collaborative, team-oriented mindset with the ability to work effectively across acquisitions, asset management, property management, and capital markets teams
- Proficiency with Microsoft Office; experience with ARGUS or similar real estate software is a plus
- Willingness to travel as required for property tours, due diligence, and meetings
- Prior exposure to manufactured housing or alternative residential asset classes is a plus
- Demonstrated ability to build waterfall distribution models, including promote structures, preferred returns, and multi-tier equity structures, strongly preferred
Company Overview