Position Overview:
We are seeking a motivated and detail-oriented Asset Management and Acquisitions Associate to join our dynamic real estate investment team. This role will focus on supporting the firm's asset management and acquisitions activities, specifically within office and retail property types. The ideal candidate will have hands-on experience with asset management strategies, financial modeling, and deal execution, particularly in the context of office and retail real estate. Familiarity with ARGUS is required for this role, as well as the ability to assist in acquisitions analysis and portfolio optimization.
Key Responsibilities:
- Asset Management:
- Assist in the development and execution of asset management strategies for a diverse portfolio of office and retail properties.
- Perform financial analysis, forecasting, and budget management to ensure properties meet or exceed performance targets.
- Monitor property performance, including leasing activities, tenant relationships, and capital improvement projects.
- Analyze market trends, vacancy rates, and rental rates to help drive asset performance.
- Prepare and present regular asset performance reports to senior leadership.
- Acquisitions Support:
- Conduct market research and identify potential acquisition opportunities that align with the firm's investment strategy.
- Perform financial modeling, including cash flow projections, sensitivity analysis, and internal rate of return (IRR) calculations using ARGUS and Excel.
- Assist in due diligence processes, including coordinating property inspections, reviewing legal documents, and working with legal and finance teams to ensure smooth transaction execution.
- Create and present investment memoranda for new acquisition opportunities to senior management and investment committee.
- Tenant & Leasing Coordination:
- Collaborate with property management and leasing teams to assess lease renewal and tenant retention strategies.
- Support lease negotiations and assist in structuring lease terms that maximize asset value.
- Portfolio Analysis & Reporting:
- Support the team in portfolio-wide performance analysis, asset valuations, and reporting.
- Assist in creating quarterly and annual investor reports, highlighting key asset performance metrics, market conditions, and strategic initiatives.
- Market Research:
- Analyze local, regional, and national market trends and demographic data to inform decision-making on acquisitions and asset management strategies.
- Stay informed on industry news, market dynamics, and competitor activities to identify opportunities and threats.
Qualifications:
- Bachelor's degree in Finance, Real Estate, Business, or a related field. Advanced degree (MBA, MSRE) a plus.
- 3+ years of experience in asset management, acquisitions, or a related field within the commercial real estate sector.
- Strong proficiency in ARGUS for financial modeling and valuations.
- Experience working with office and retail properties is a must.
- Demonstrated ability to build and maintain detailed financial models, including operating cash flow projections, capital expenditure modeling, and sensitivity analysis.
- Advanced Excel skills, including the ability to perform complex financial analysis.
- Excellent communication, presentation, and interpersonal skills, with the ability to interact effectively with internal and external stakeholders.
- Strong attention to detail, with the ability to analyze complex data and provide actionable insights.
- Ability to manage multiple projects and meet deadlines in a fast-paced environment.
- A self-starter with a strong work ethic and the ability to work both independently and as part of a team.
