Alpharetta, GA
Salary Estimate: $175,000.00 - $199,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
Our client is a U.S. subsidiary of one of the largest global diversified corporations. The parent company holds $72B of assets; their Americas business started in 1952 and is the company’s second largest business unit (~$9B). Currently, our client’s growing U.S. Real Estate platform has approximately $350M in AUM across several development deals including multifamily, industrial and long-term master-planned communities.
Position Overview:
The Associate Investments (Industrial) will support the Commercial Business Unit by performing detailed investment analysis and underwriting investment opportunities in industrial warehouse developments as well as asset management duties for our current portfolio. The role will be focused on supporting the day-to-day acquisition efforts throughout multiple regions. The ideal candidate will have four plus years of acquisitions experience across national and/or regional industrial markets. This position will report directly to the firm’s Vice President of Industrial and will collaborate with joint venture partners regularly.
Responsibilities:
The position will feature specific responsibilities associated with the following broad activities:
Perform detailed investment analysis and underwriting for new development opportunities
• Responsible for reviewing development OM’s and creating financial pro forma models.
• Conduct market research and initial analysis investment screening.
• Complete thorough due diligence checklist and prepare Investment Committee presentation materials.
• Review Joint Venture Agreements, Construction Loan Agreements, Construction Contracts, Leases and PSAs along with our Legal Dept.
• Gather, monitor, and evaluate industrial market conditions in the U.S. and the markets we operate.
• Responsible for managing, maintaining, and continuously improving financial models and databases used in the analysis and planning process.
Assist in asset management of existing portfolio
• Review construction draw requests and monitor construction progress.
• Conduct analysis on prospective leases.
• Evaluate monthly operating statements and financial statements and variances provided by third party property management firms.
• Participate in regular leasing calls with leasing brokers and developers.
• Attend regular OAC calls.
• Analyze annual property budgets and assist in preparing our internal annual budget.
• Monitor our internal accounting monthly reporting and assist with audits as needed.
Communication: Maintain Market Relationships & Communicate Internally
• Develop and maintain relationships with developers, potential JV partners, brokers, owners, investment banks, lenders, consultants, investors, property managers, etc.
• Promote a positive attitude and working environment among all fellow employees
Qualifications:
The ideal candidate for this role will have significant recent experience in real estate investment analysis, asset management, and development. The title/compensation is flexible based on prior experience, but commensurate with candidate profile.
Additional skills include:
• B.A./B.S. required; advanced degree to include M.S./M.B.A. a plus.
• Possess a strong analytical skill set and have demonstrated experience performing investment analysis and participating in making investments.
• Minimum 4 years of extensive knowledge of the industrial development business.
• Advanced Microsoft applications experience (Excel, Word, PowerPoint, etc.).
• Demonstrated ability to originate and close complex real estate transactions with extensive experience in the industrial sector, operational experience a plus.
• Exceptional ability to oversee/collaborate on deal modeling in Excel.
• Excellent interpersonal skills.
• Excellent communication skills.
• Committed and consummate team player.
• Strong organization skills.
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