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 Analyst will directly support senior staff and 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 four year university – minimum 3.5 GPA
Job Sectors
Experience
1+ to 2 years
This job is no longer active.