Manhattan, NY
Salary Estimate: $100,000.00 - $200,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
GAIA is currently acquiring institutional multifamily assets across the US, with a specific focus on Sunbelt MSAs.
GAIA Real Estate is a lean and diverse firm that embraces an entrepreneurial spirit. The Associate will be an integral part of the Acquisitions team - involved in all aspects of underwriting, due diligence, and closing of investments. The candidate will also assist the company’s asset management and investor relations teams on an ad hoc basis.
Duties & Responsibilities:
- Develop cash flow projections for residential investment opportunities throughout the United States
- Prepare investment memoranda detailing investment rationale, market and property performance, execution risks and prospective returns
- Assist in the due diligence processes and closing of new investments
- Interface with legal counsel through acquisition and financing processes
- Assist in coordinating the investment strategy, business plan and initial budgeting for new opportunities
- Maintain active deal pipeline for numerous investment strategies
- Create and maintain relationships with numerous sales brokers and capital markets teams across US
- Support asset management and investor relations teams with ad hoc projects
- Manage financial models and databases
- Oversee junior team members
- Occasional travel to various markets across the US to tour potential deals, learn new markets, and maintain relationships
Qualifications:
- Bachelor’s degree
- 2-4 years of relevant real estate finance, investment banking or private equity experience with a broker/owner/investor/operator (experience with multifamily assets is preferred)
- Outstanding quantitative and financial modeling skills in Microsoft Excel
- Strong work ethic and eagerness to grow as an investment professional
- Excellent time management, writing, presentation and communication skills
- Awareness and understanding of project goals and deadlines; ability to develop and monitor specific plans
- Ability to work individually or on a team
- Highly organized and detail oriented with the ability to balance multiple projects
Please note the application process will include an Excel modeling test. This test will be administered after the first interview.
The position will be based in GAIA’s Manhattan office.
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