Associate

The CompanyThe company is a privately held real estate investment firm with deep experience acquiring, developing and managing residential and commercial assets in the prime US markets of New York, New Jersey, Washington D.C., Central and South Florida.The team's management platform is focused on three complementary investment strategies: distressed, value-add and development opportunities. Since 1998, the founding partners have collectively invested $5.5 billion of equity in assets totaling over $18 billion of gross asset value. This experience comprises over 9,000 residential units and 20 million square feet of office and retail assets.The company offers its investors, tenants and partners extensive market knowledge, long-standing relationships and institutional thinking fueled by a motivated and deeply experienced leadership team with a proven record of consistent success.Key Pointers:New York City-based Owner Operator DeveloperEntrepreneurial / Institutional OpportunityHigh quality LP/GP RelationshipsOpportunity for professional development within a team-oriented culturePurpose of the PositionReporting directly to the Managing Partners within a flat management structure alongside the deal team, this individual brings a foundation in financial and analytical analysis within the commercial real estate sector.Proficient in Excel, he/she brings a strong foundation in constructing financial models for acquiring assets, current assets and portfolios, and/or conducting portfolio performance analysis.He/she is primarily tasked with underwriting and executing new investment opportunities, including both existing and prospective acquisitions or developments, while also supporting in the strategic asset management of established properties.Key ResponsibilitiesSpecific Responsibilities to include:Assist in the execution of long and short-range real estate portfolio goals across Company's multifamily portfolio of assets.Assist in the evaluation of the existing investments within partnerships and co-investments, as well as the analyses of new investments within partnerships and relationships for investment opportunities. Manage analytical team for deal underwriting and asset management activities.Produce analytical models of the company's portfolio.Along with senior team members, work with 3rd party investment sales brokers, capital markets advisors, debt providers and other market intermediaries for investment, asset management and disposition processes.Provide financial support to the ongoing asset management of each investmentCultivate relationships with industry peers, brokers, capital providers, project managers and consultants to gain knowledge on all aspects of the investment business.Produce quarterly reports including rent rolls, returns, operating statements, legal matters and capital expenditures.Prepare and produce models to support asset-level annual budgets and portfolio-level annual strategic business plans.Interact with various third parties, including sales brokers, property managers, portfolio analysts, lenders, accounting teams, legal counsel, clients, and other market contacts to support the portfolio optimization.Monitor market changes and stay informed regarding existing assets as well as opportunities for acquisition and disposition.Ability to review and synthesize complex documents such as contracts, leases, joint venture agreements, and loan documents.The CandidateExperience and Professional QualificationsThe Associate should possess a fundamental knowledge of commercial real estate finance and analytics, including experience with financial modeling in Excel for assets and portfolios. He/she may have experience in portfolio performance analysis, financing, budgeting, partnerships, and hold/sell decisions.Ideally, candidates will come from top-tier investment bank (within real estate, infrastructure or private equity), CRE Advisors, CRE private equity firms, REITs, Private Credit Funds, or institutional real estate investment management firms.The ideal candidate will have 2-3 years of relevant experience in acquisitions, asset management, or portfolio management.Essential qualities include good judgment and effective communication skills for engaging with various stakeholders such as operating partners, investors, brokers, and property owners.Skills and CompetenciesBasic modeling skills in Microsoft Excel. Solid PowerPoint, WordExcellent oral and written communication skills to communicate with senior management of the enterpriseAdaptable and flexible to work successfully with the management teamIntellectual curiosity and strong work ethicImpeccable credibility and understated mannerUndergraduate Degree required; an advanced degree considered a plusStrong verbal and written skillsDetail-orientedExperience reviewing and negotiating real estate documentsFinancial analysis experience required2-3 years of Real Estate investment experience or Real Estate Investment BankingExperience collaborating with teams of Real Estate professionalsEducationTop Tier Educational Background, BA or MBACompensationMarket CompensationMedia links99 Unit Apartment Building - HobokenGrand Adams Hoboken Sold

Created: 2025-02-27