Acquisition Associate

About the role

Fifteen Group Capital LLC is a real estate private investment firm based in Miami, Florida and Los Angeles, California. We specialize in opportunity-driven, value-added acquisitions across multifamily, commercial, and mixed-use assets in Florida, Texas, California, and the broader Sunbelt. Founded in 1992, we are a lean, high-performing team of investment professionals who move quickly, think creatively, and build lasting value in markets where others see complexity.

Opportunity

Fifteen Group Capital is seeking an Acquisitions Associate to play a key role in sourcing, underwriting, and executing real estate acquisition opportunities across our portfolio markets in Florida, California, and Texas. This is a high-impact role for a sharp, deal-driven professional who thrives on financial analysis and transaction execution. Working directly with the Director of Investments and senior leadership, you will lead underwriting, manage due diligence, cultivate broker relationships, and help drive the firm's acquisition strategy across all three markets.

What You'll Do

• Deal Sourcing & Origination
• Cultivate and maintain relationships with brokers, owners, and deal flow sources across Florida, California, and Texas.
• Proactively source acquisition opportunities through market outreach and relationship development across all three target markets.
• Screen inbound opportunities against investment criteria and prepare initial deal assessments.
• Maintain a database of opportunities and broker contacts.
• Underwriting & Financial Analysis
• Lead financial underwriting and modeling for acquisition opportunities.
• Develop detailed cash flow projections, sensitivity analyses, and return calculations.
• Analyze rent rolls, operating statements, and historical financial performance for target acquisitions.
• Underwrite value-add business plans including renovation budgets and rent growth assumptions.
• Model various debt structures, joint venture waterfalls, and exit scenarios.
• Due Diligence Management
• Manage the comprehensive due diligence process for acquisitions under contract.
• Coordinate third-party reports including property condition assessments, environmental reviews, and appraisals.
• Review and analyze lease files, service contracts, and operating agreements.
• Conduct physical property inspections, document findings, and identify key risks and opportunities.
• Prepare due diligence summaries and recommendations for investment committee review.
• Market Research & Transaction Execution
• Conduct in-depth market research and submarket analysis across FL, CA, and TX using CoStar, RealPage, and other data platforms.
• Develop market intelligence reports and acquisition theses for target submarkets.
• Support negotiation of letters of intent and purchase and sale agreements.
• Coordinate the transaction process from contract execution through closing, including lender and legal coordination.
• Prepare investment committee memoranda, deal presentations, and lender packages.

What We're Looking For

• Experience & Education
• 4–6 years of experience in real estate acquisitions, investment banking, private equity, or commercial real estate.
• Demonstrated experience underwriting and closing real estate transactions.
• Expert-level financial modeling and quantitative analysis skills.
• Deep understanding of real estate acquisition principles, valuation methods, and transaction structures.
• Bachelor's degree in Finance, Real Estate, Economics, Business Administration, or related field required.
• Master's degree, MBA, or advanced degree from a top-tier program a strong plus.
• Experience with multifamily or commercial real estate acquisitions in California, Florida, or Texas preferred.
• Background with institutional investors, private equity, or family office real estate preferred.
• CFA, CAIA, or progress toward designation a plus.
• Argus certification and real estate license in Florida or California a plus.

Skills & Strengths

• A self-starter with a deal-driven mentality and the ability to manage multiple live transactions simultaneously.
• Outstanding written and verbal communication skills with professional presence in front of brokers, lenders, and senior leadership.
• Strong analytical and critical thinking abilities with rigorous attention to detail.
• Ability to operate in a fast-paced, entrepreneurial environment with high accountability and minimal oversight.
• Prioritization of relationship-building skills with brokers, owners, and capital sources across target markets.
• Technical proficiency expert-level Microsoft Excel for complex financial modeling and investment analysis.
• Proficiency with real estate data and analytics platforms.

What We Offer

• Competitive Compensation. Base salary of $125,000–$150,000 commensurate with experience, plus bonus.
• Direct Deal Exposure. A front-row seat to every acquisition — from initial sourcing through closing — with real ownership over the process.
• Access to Leadership. Work directly with the Director of Investments and firm principals on live transactions and investment strategy.
• Comprehensive Benefits. Medical, dental, and vision insurance; 401(k) with company match; paid time off and holidays.
• Market Reach. Active deal pipeline across Florida, California, and Texas with regular travel for property tours, broker meetings, and market visits.
• Entrepreneurial Culture. A lean, fast-moving team that values decisiveness, smart capital deployment, and giving people real ownership over their work.