Manhattan, NY
Salary Estimate: $125,000.00 - $149,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Job Opportunity
Rockwood Capital is seeking an Associate in our New York City office. This is a two-year program. The Associate will be an integral member of the Acquisitions and Asset Management Teams and will cover East Coast real estate investments (equity and debt/structured investments), including apartments, retail, office, industrial and hotels. The ideal candidate will demonstrate a combination of applicable work experience and a passion for real estate investing. This position offers career growth and development and an opportunity to contribute to the overall success of Rockwood in a collaborative, team environment.
Primary Duties & Responsibilities
- Supporting the Acquisitions / Originations Team by underwriting new investments (equity and debt), including cash flow modeling, financing and joint venture structuring, and investment analyses (static proformas, IRRs, NPVs, sensitivity tables, etc.).
- Performing in depth market research and asset specific due diligence, preparing investment memorandums, and completing other tasks as needed.
- Supporting the Asset Management Team in maximizing the value of existing investments by executing and/or updating property specific business plans. Analysis may include conducting ongoing quantitative and qualitative analyses through lease analysis, debt structuring, hold/sell analysis, development modeling, etc.
- Tracking investment performance, preparing quarterly valuations, and writing quarterly narratives that summarize the performance of owned properties. Additionally, the Associate will prepare annual forecasts that project property performance and assist in budget review for each asset.
Skills & Competencies
- Demonstrable drive and passion to build a career in the real estate investment field
- Bachelor’s or master’s degree in business or other STEM-related fields with a strong academic record
- 3 years of experience in commercial real estate or investment banking
- Highly advanced excel modeling skills and understanding of complex financial concepts
- Experience using ARGUS
- Strong interpersonal and communication skills
- Ability to handle short timelines and multiple priorities while working well in a team and independently
More About Rockwood Capital
Rockwood Capital is a real estate investment firm with offices in New York, San Francisco, and Los Angeles. Rockwood was founded in 1995 and provides equity and debt capital for core, core-plus, value-add and special situation real estate investment opportunities. Since inception, Rockwood Capital and its principals have invested in approximately $39.0 billion of real estate and real estate-related assets. Rockwood Capital currently manages over $13.0 billion of real estate on behalf of over 120 public and private pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and high net-worth families and individuals. For additional information, please visit: www.rockwoodcap.com.
Resume selection will be based solely on merit and will be without discrimination because of age, sex, sexual orientation, race, religion, national origin, marital status, or disability.
ROCKWOOD CAPITAL IS AN EQUAL OPPORTUNITY EMPLOYER.
Resume selection will be based solely on merit and will be without discrimination because of age, sex, sexual orientation, race, religion, national origin, marital status, or disability.
ROCKWOOD CAPITAL IS AN EQUAL OPPORTUNITY EMPLOYER.
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