Description
About Penwood Real Estate Investment Management, LLC
Penwood is an entrepreneurial real estate investment advisory group and Registered Investment Adviser focused on the institutional investor market. The company was formed in 2003 and is headquartered in West Hartford, CT, with regional offices in New Jersey, and Los Angeles, CA. Penwood provides a national real estate perspective, disciplined management process, and experienced investment management. The company is currently focused on value-added re-leasing, rehabilitation, redevelopment, and development of industrial investments. Penwood is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.
We are currently seeking a Senior Vice President to join the company in our New Jersey office.
Characteristics of the Candidate:
The Senior Vice President will work with and report directly to the company’s principals. The candidate should be self-motivated, organized, analytical, proactive, versatile, and thrive in a fast-paced and dynamic environment.
Responsibilities:
The Senior Vice President will be primarily responsible for sourcing, analyzing, and performing due diligence for prospective industrial property acquisitions and ongoing analysis of assets under management. The primary responsibilities include:
- Establish and maintain relationships with industry sources to support timely deal flow for Penwood’s investment funds.
- Develop local, regional, and national industry contacts to assist in due diligence and underwriting.
- Source existing industrial property investment opportunities. Lead the acquisition team in underwriting prospective industrial investment opportunities.
- Develop and implement asset enhancement plans for repositioning under-performing assets and optimizing the exit strategy.
- Compile and maintain databases on economic, demographic, and comparable trends for the company’s target markets.
- Create cash flow models using Argus Enterprise and Penwood’s proprietary Excel spreadsheets to calculate expected rates of return for the investment opportunities.
- Conduct market research to establish and verify the assumptions in the financial models.
- Conduct site visits to ascertain economic, demographic, and comparable information for investment opportunities.
- Interact with sellers and their representatives to gather all necessary information to analyze and perform due diligence on market opportunities.
- Prepare Investment Committee communication and make presentations of investment recommendations to the company’s Investment Committee.
- Control all aspects of acquisition due diligence, including financial analysis, budget, environmental, engineering, strategy compliance, and legal.
- Assist in the annual budget planning process.
Required Skills:
- A passion for real estate investment.
- Bachelor’s degree with a focus on finance, economics, or real estate.
- Minimum 7-years of relevant transaction experience.
- High level of competence required in financial modeling utilizing ARGUS Enterprise and Excel software.
- Proficiency in computer applications skills including working knowledge of Microsoft Word, Excel, and PowerPoint.
- Clear understanding and relevant experience with project management schedules and budget processes.
- Excellent written and verbal communication skills.
- Very strong organizational, analytical and problem-solving skills.
- Ability to work seamlessly on multiple projects and tasks.
- Team-oriented and willingness to perform tasks outside his or her job description.
- Ability to meet deadlines.
- Self-motivated and energetic.
Compensation: Penwood offers a competitive base salary based on the candidate’s experience and
capabilities. An annual bonus will be provided based on calendar year performance. Additionally, longterm
incentive compensation is available to senior acquisition personnel. All employees are offered a
comprehensive benefits plan, including a 401(k) retirement plan with a company match, medical and dental
benefits, short and long-term disability, paid sick time, maternity and paternity leave, vacation, and
personal days off.
Any applicant selected for this position will be required to submit to an extensive background screening,
drug screening, and a credit check. Failure to comply will eliminate an applicant from consideration for this
position. Any negative information obtained as a result of the background screening may result in the
disqualification of the applicant from this and any other position in Penwood. All candidates must be
authorized to work in the United States.
This job is no longer active.