Manhattan, NY
Salary Estimate: $100,000.00 - $124,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 1+ to 2 years
Education Required: 4 Year College
Job Description
The firm is a vertically integrated full service real estate investment, development and management firm headquartered in New York. We invest in opportunistic and value-added real estate transactions through a series of discretionary funds.
This person will provide analytical and quantitative support for the asset management team to ensure successful execution of asset-specific business plans and will be involved in the quarterly valuation process, business plan reporting and qualitative market research related to leasing, sales, refinancing, and disposition strategies.
The ideal candidate will have 1-3 years of real estate industry experience relevant to the following job responsibilities:
- Prepare complex financial models, including quarterly and annual cash flow models, DCF valuations, leasing analysis and net effective rent calculations, sensitivity analyses, and hold/sell analyses
- Produce quarterly, annual, and ad-hoc reporting for internal and external use to track investment performance relative to underwriting
- Support asset managers in the execution of the business plans for each property to realize opportunities and create value, including involvement in leasing objectives, operating budgets, and capital projects
- Review and analyze key legal agreements, including leases, purchase and sale agreements, management and agency agreements, operating and partnership agreements, and loan documents
- Work in conjunction with property management and accounting teams to evaluate operating performance of assets via actual vs budget comparisons and to assist in the preparation of annual budgets
- Perform market and submarket research, including rental comps, sales comps, and economic and demographic trends that may have an impact on asset business plans
- Display a strong understanding of investment fundamentals and a working knowledge of cash flow modeling and analysis
- Act as a team player with strong interpersonal/communication skills and writing abilities
- Work in a dynamic, fast-paced environment with excellent time-management and organizational skills
- Proficiency in Excel and Argus Enterprise required
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