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IRA Capital, LLC

Senior Associate

Salary
$75,000-$99,999
Employment
Full Time
Real Estate Field
  • Finance / Investment
Location
Irvine
 CA
Postal Code
92614
Country
United States

This job is no longer active.

Description


Overview:
IRA Capital “IRA” is a real estate private equity firm with a diverse portfolio of commercial assets 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 4.7 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 Senior Associate will directly support 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:
  • 4-8+ 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 four year university – minimum 3.5 GPA

Job Functions


  • Acquisitions
  • Financial Analysis
  • Underwriting
 

Job Sectors


  • Alternative Investments
  • Residential
  • Hospitality / Entertainment
  • Healthcare
  • Industrial
  • Office
  • Retail
 

Experience


5+ to 7 years


This job is no longer active.

 
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