Acquisitions Analyst - IRA Capital, LLC

October 10, 2017
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IRA Capital, LLC

Irvine, California 92614
http://www.iracapital.com

Overview:

IRA Capital “IRA” is a real estate private equity firm with a diverse portfolio of commercial properties throughout the United States. IRA acquires core, core-plus, value-add and opportunistic real estate for its own account and its co-investment partners, which include family offices, opportunity funds, and institutions. The firm currently oversees a diverse portfolio comprised of approximately 4 Million square-feet, including office, medical office, retail, industrial, and student housing, among others. IRA seeks to preserve investor capital, and to provide attractive risk-adjusted returns over a mid to long-term horizon.​

The Analyst will directly support one senior analyst and three senior investment professionals in all aspects of sourcing, underwriting and executing transactions on behalf of the firm.

Responsibilities include:

Develop detailed pro-forma cash flow, DCF and acquisition models
Conduct market research and analyze market data including market occupancy, rental rates, demographics, competitor positioning and  economic information
  • Conduct all aspects of due diligence including, writing business plan, analyzing market area, tenant credit - financials, 3rd party reports,
  • Review, interpret and summarize real estate leases, and interface with various departments throughout the acquisition process
  • Analyze underperforming properties and create projections for alternative scenarios
  • Interface with general partners, property managers, corporate finance, lenders, investment brokers, accountants, tax experts and attorneys
  • Prepare various acquisition and strategic analysis reports that reflect current acquisition activity and market trends
  • Prepare and maintain files for each assigned property that provides information on buildings, utilities, contractors, contracts, emergency procedures, property insurance, and other information necessary to operate each property
  • Prepare a monthly report on each property
  • Prepare and track annual budgets, business/leasing assumptions and quarterly reports for assigned properties to meet financial obligations
  • Prepare annual CAM reconciliations
  • Prepare monthly rent rolls for each property. Maintain and track lease rollovers (Lease Status Report) or projects for pending transactions and items requiring follow-up.  Utilize company procedures and tracking methods to meet internal audit requirements

 

 Candidate Requirements include:

  • 0-2+ years of experience with an investment sales team, REIT, real estate fund or investment bank is preferred
  • Strong analytical valuation techniques and vetting for potential acquisition targets
  • Expert documented knowledge of real estate cash flow modeling using Excel and Argus
  • Communication skills to interface with the acquisition team, outside consultants, and investment sales professionals
  • Proficiency in procuring, analyzing, and synthesizing market research
  • Proficiency in reviewing leases, historical income, expense evaluation and other knowledge evaluating other due diligence materials
  • Ability to prioritize and work independently
  • Detail oriented with strong organizational skills
  • Bachelor’s degree from fouryear university – minimum 3.5 GPA

 

Salary: $55-65k base salary + performance bonus up to 30% of base salary + Benefits