Analyst – Acquisition & Asset Management Deal Team - CrossHarbor Capital Partners LLC

November 07, 2017
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CrossHarbor Capital Partners LLC

Boston, Massachusetts 02108-4406
http://www.crossharborcapital.com

REAL ESTATE PRIVATE EQUITY FIRM 

Company Description:

The firm is a real estate focused private equity firm that invests in a wide variety of opportunistic and value-oriented commercial real estate transactions where the conditions exist for compelling absolute returns over a short and medium duration. The firm invests throughout the United States in single property transactions and multiple property portfolios whereby the investment strategies are based on property-level operational enhancements as well as those with pricing advantages that arise from distressed, complex, and dislocated scenarios.

The firm’s investments are structured in numerous capital forms including joint venture equity, preferred equity, mezzanine loans, and transitional first mortgages. Since 1993, the firm has invested in more than $15 billion of commercial real estate on behalf of a diversified and highly regarded group of endowments, foundations, public and corporate pension plans, financial institutions, family offices, and sovereign entities.

Overview of Position:

The Acquisition/Asset Management Analyst is part of a deal team that is responsible for the overall performance of the individual assets they have acquired. In this role, an Analyst is involved with investments from the time they are identified as potential acquisitions, through underwriting, closing, operational enhancement, and eventual sale. Prior to acquisition, the Analyst will work closely with the deal team on the evaluation of a prospective investment and its underwriting. After acquisition, the Analyst will have overall responsibility for working closely with the asset’s joint venture partner / borrower and the assigned asset manager on the execution of the investment strategy established for it at acquisition. Throughout the course of the year, they are then responsible for helping monitor the performance of each asset to ensure annual goals are achieved. For each asset, the Analyst will maintain the financial model throughout the project lifecycle to support both asset management activities and investment decisions, including sensitivities on valuation, financing, and disposition strategies.

Responsibilities:

The firm institutes a “cradle-to-grave” investment management philosophy and is seeking an Analyst who will play an active role in the firm with dual responsibility for both (i) underwriting support for new equity and debt transactions and (ii) asset management on existing portfolio investments. Primary responsibilities will include the following:

Acquisition Duties:

  • Support and collaborate with senior acquisition personnel on analytical and transactional aspects for an acquisition, including due diligence, market research, and creation of investment committee materials.
  • Contribute in the preparation and evaluation of Argus files and sophisticated Microsoft Excel models for underwriting investment opportunities and reporting to senior management on the viability of potential acquisitions and/or development opportunities across asset classes.
  • Ability to integrate multiple scenario analyses to determine pro forma sensitivity.
  • Assist team members in preparing and writing presentation materials, term sheets, and other documents associated with the firm’s acquisition and investment activities.
  • Understand capital and investment structure, including investment analysis principles such as IRR’s, Discounted Cash Flows, Cash on Cash Returns, Levered and Unlevered Returns.

 

Asset Management Duties:

  • Work as part of a deal team throughout the project lifestyle of an asset providing analytical support to evaluate and track investment performance.
  • Responsible for the maintenance of two sets of cash flow models for the assets assigned/acquired, including (i) asset-level returns and (ii) fair market valuation.
  • Update internal Argus and cash flow models for material changes (new leasing, operating expenses, capital expenditures, and market leasing assumptions) in connection with each investment.
  • Analyze and collaborate with team members and joint venture partners to develop strategies to maximize revenue, reduce expenses and capitalize on market dynamics.
  • Assist in preparation of quarterly asset management reports focused on variances to underwriting, valuation analysis, cash flow projections, and other financial reports and presentations as required.
  • Interfacing with joint-venture partners, borrowers, lenders, and the brokerage community.

 

Qualifications:

Candidates should have broad-based analytical skills, superior capabilities in cash flow modeling, sound research abilities and outstanding communication skills. Individuals with an appraisal background would also be of interest.

  • A Bachelor's degree is required, with a preference for candidates concentrating in real estate, finance and/or accounting.
  • Approximately 2 to 4 years of related experience with exposure to the commercial real estate industry.
  • Exceptional financial analysis and modeling skills utilizing Microsoft Excel and Argus. Proficient in additional MS Office Programs including MS Word and Power Point.
  • Strong organizational skills with ability to manage multiple tasks and effectively meet deadlines.
  • Team player with the ability to work independently and under pressure in an entrepreneurial environment.
  • Working knowledge of joint venture partnerships and various investment structures.
  • Outstanding level of attention to detail, accountability, integrity, and ethics.
  • Self-motivated, energetic, and positive individual with strong oral and written communication skills and the ability to work effectively with individuals at all levels.