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Vice President/Director of Originations

Newport Private Group

Alternative Investments Residential Industrial Office Retail Asset Class Agnostic

Newport Beach, CA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 10+ to 15 years

Education Required: 4 Year College

Job Description

Newport Real Estate Partners (“NREP”) is the real estate private equity arm of Newport Private Group. NREP focuses on value-add and opportunistic real estate strategies through equity and debt investments where complexity, underwriting expertise and hands on asset management provide the opportunity to generate attractive risk-adjusted returns for investors.

Newport Real Estate Partners is founded by seasoned real estate operators and investment professionals with extensive experience in real estate development and operations, project and investment management, as well as real estate private equity. NREP’s team structure reflects our belief that successful real estate investing across cycles requires a local market presence, granular asset level knowledge and expertise in operating as well as underwriting.

This position offers the candidate the opportunity to work directly with the partners of our equity funds. Working closely with our partners, you will be exposed to our diverse network of businesses and operations and will have the opportunity to grow and diversify along with our businesses. The successful candidate should have an extensive relationship with operating partners, sponsors, and capital markets advisers across the Western U.S. and across all asset classes. The candidate should be able to generate a robust investment pipeline comprised of heavy value-add and development projects for our funds from day one.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Deal origination – source joint venture investment opportunities that range from $2mm to $10mm per transaction. Preferred asset classes include but are not limited to multifamily and industrial product types.
Deal evaluation - lead the identification, evaluation, and due diligence process for potential investments.
Deal underwriting - prepare and take ownership of financial underwriting and risk models for potential equity investments.
Provide regular updates to the partners on deal flow, sponsor relationships and market trends.
Build and maintain a superior network of real estate operators and sponsors.

ESSENTIAL SKILLS

10+ years of strong real estate experience sourcing investment opportunities across multiple real estate asset classes.
Minimum 10 years track record of progressive career development in real estate investment origination.
Strong academic credentials from a top tier school with an understanding of the fundamentals of real estate valuation, finance, and accounting. Familiarity with property-level due diligence, real estate law and construction is a plus.
MBA, MRED or CFA preferred.
Strong work ethic and highest ethical standards.
Ability to maintain a high level of organization, quality, and attention to detail in a fast-paced work environment.
Ability to compose materials such as detailed reports, executive summaries, and dashboard reports.
Excellent verbal and written communication skills.
Strong MS Office skills with emphasis on Excel and PowerPoint.