Acquisitions Associate

Company Overview:

Our New York / San Francisco based client is a leading investment manager specializing in private equity real estate investing throughout the U.S. The team has systematically developed and refined their unique and disciplined approach to investing across multiple asset classes, and geographies. Through their current platform and its predecessor entities, the team has invested in over 200 assets totaling $7.7 billion of gross cost since inception. Our client is growing and constantly evolving to ensure they remain well positioned to deliver high-quality solutions and exceptional performance to their partners.

Position Overview:

The Acquisitions Associate / Senior Associate will sit in the San Francisco office responsible for underwriting real estate acquisitions across all funds, presenting internally to the group, while developing relationships with brokers and operating partners. Our client’s Funds 1 & 2 are top quartile performers among their respective peer set (based on vintage / investment focus). Fund 3 held its final close last year and is currently actively investing. The platform targets U.S. investments across all property types and all regions. They are continuously evaluating other complementary real estate investment opportunities, but current lines of business include:

1) Opportunistic real estate via their closed-end commingled funds and co-investment vehicles

2) Opportunity Zone investments via single-asset qualified opportunity funds

3) Select CRE debt opportunities via a separately managed account

4) Yield-focused real estate investments via their open-ended equity plus fund

Key Responsibilities:

• Screening potential real estate investment opportunities across the capital stack
• Assisting acquisitions team in the evaluation of investment opportunities consistent with the fund’s investment criteria
• Underwriting / preparing detailed financial models on potential asset, portfolio, and corporate level transactions
• Drafting Screening and Investment Committee Memorandums detailing deal merits, financial metrics, risks and mitigants and market data
• Performing asset management / portfolio monitoring tasks, including putting together internal updates (memorandums, model updates, etc.), executing business plans, including working directly with Sponsors, and other third parties
• Conducting in-depth market research, preparing sale / lease comparables analyses
• Interfacing with brokers, legal counsel, market participants and third-party vendors
• Manage financial models utilizing both ARGUS and Excel to project cash flows, investment returns, asset valuations and analyze risk
• Review and evaluate investment offerings from investment sale brokers, developers, and owners
• Coordinate research in the assembly of market information, data gathering and relevant forecasts

Requirements:

• Bachelor’s degree with major in Finance, Economics, or Business Administration
• Candidates MUST have excellent analytical skills and be highly proficient in Excel modeling
• Argus experience preferred
• 2-6 years of experience in finance roles in investment banking, and/or real estate private equity
• Must have excellent analytical, organizational, and writing skills
• Must be detail-oriented, self-motivated, critical thinker, enthusiastic and inquisitive
• Ability to work in a team environment
• Strong attention to detail
• Fluency in Microsoft suite, specifically Excel and PowerPoint