Acquisition Associate

Posted yesterday

new york based operatorNew York (NY)

SENIORITY

Senior

SALARY

$150,000-$200,000

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About the role

Acquisition Associate/Senior Analyst Position at a New York City based Real Estate Investment & Development Firm The firm is seeking an experienced Real Estate Associate/Analyst to join a leading real estate development team to handle acquisitions, capital markets, development, and asset management activities. The team is currently in an active expansion mode building out its New York City investment portfolio across multiple asset classes.
THE COMPANY: A privately held commercial real estate development, investment, and management firm in New York. The acquisitions and development team pursues institutional-sized ($300 million to $1 billion) value-oriented investments and projects having invested over $2 billion across 10 transactions over the last 5 years. This is a small hard-working team that has produced top quartile results over the last cycle and has a meaningful pipeline of compelling opportunities.
EXPERIENCE: A candidate must have no less than 2+ years of relevant real estate underwriting experience. Investment banking, private equity, or similar institutional experience preferred.
Key Responsibilities:
  • Assembling and modifying cash flow projection models for investment, development, and asset management teams, utilizing both Excel and Argus.
  • Assist with all due diligence relating to new investments including but not limited to the review of third party environmental and engineering reports, title, survey, historical financial statements, leases, and market research.
  • Assembling and drafting investment memos to be presented to executive, investors and lenders.
  • Monitor and analyze the financial performance of development, leasing, and property management functions on active projects, properties and portfolios.
  • Create/maintain portfolio models
  • Assist with monthly distributions, lender draws, financing and disposition transactions.
  • Preparation and review of property-level, portfolio level and investors/lender reporting.
  • Preparation of ad-hoc reports when needed.
  • Assist with special projects as needed.
Qualifications: Strong skills in financial analysis and modeling stabilized cash flows and development projects in excel. High proficiency in Argus ideal. At least 2 years of analytical real estate experience working in private equity, investment banking, or owner/developer. Experience in the investment underwriting both commercial and residential asset types. Experience underwriting development opportunities is preferred. Experience in preparing written investment recommendations and participating in investment opportunity presentations. Candidate should be proactive and self-motivated with a strong work ethic and possess the ability to execute effectively in a fast-paced, deadline-driven environment. Candidate must possess strong interpersonal communication and writing skills as well as a high degree of integrity. This is an in-office position. Candidate must be New York based and be able to work out of the office in Manhattan. A modeling case study will be part of the application process.
Compensation: Salary range $150,000-$200,000. Actual base salary will be determined based on individual’s experience, skills, and qualifications. In addition, employees are eligible for an annual discretionary bonus and full benefit package.

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