Acquisitions Analyst

Job 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, 3^rd 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