Scottsdale, AZ
Salary Estimate: $100,000.00 - $124,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
- Development and Acquisitions Financial Analysis, Project Due Diligence, and Business Planning:
- Utilize existing financial models and/or build new models as necessary for development and acquisition opportunities,
- Conduct ad hoc financial modeling and analyses in support of firm executives, acquisitions, development and asset management teams;
- Perform property level, capital structure and partnership level financial analyses;
- Draft and prepare detailed, concise business plans and investment memoranda, marketing materials, research reports and administrative summaries for internal and external purposes;
- Assist in working with internal and external teams to prepare development budgets including: revenues, expenses, capital expenditures, construction budget and renovation plans;
- Participate and support due diligence efforts for new communities including: project phasing strategies, site characteristics and constraints, financing structures and strategies, third party consultant reports, review of contracts, preparation of development budgets, etc;
Market Analysis:
- Research and analyze data on sales, rental rates, development pipeline information, construction and development costs, acquisitions, trends, and market fundamentals, and incorporate the analysis to the financial modelling;
- Compile and summarize market rent, land sales data, investment sales, and operating expense surveys and comparables;
- Research local codes, laws and regulations pertaining to new development and investments;
- Professionally interact with market participants and government agencies, as necessary;
- Develop and maintain knowledge of real estate market conditions in target real estate markets and submarkets;
- Cultivate and maintain broker relationships to assist in sourcing, market information, pricing data etc.;
- Collaborate with market professionals and underwriting team with pricing guidance and valuation.
Asset / Portfolio Management:
- Support in the maintaining and revising of asset management business plans including periodic budgeting, forecasting, and analytics;
- Perform hold/sell analyses for existing portfolio of assets;
- Assist in providing periodic updates to investors, lenders and other stakeholders.
Capital Markets
- Assist with the preparation of debt financing needs/applications;
- Participate on calls/meetings with intermediaries, lenders and investors;
- Support various efforts and presentations in raising debt and/or equity capital from third parties;
- Perform periodic prospecting and research efforts regarding potential capital sources.
Other:
- Perform special projects/analysis for the company executives, development, acquisition and asset management teams.;
- Performs other duties as assigned.
- Undergraduate degree from a top tier university; MBA or Master’s degree preferred, but not required;
- 2-5 years of experience preferred, but not required, working in a commercial real estate capacity at a company focused on development, acquisitions, investments, asset management, advisory, operations, investment banking or brokerage;
- Strong analytical skills with an emphasis on real estate financial valuation methodology including discounted cash flows, direct capitalization, sales comparison and replacement cost analyses, capital structuring, partnership economics;
- Strong problem-solving skills;
- Ability to multi-task and track multiple assignments in various stages of the real estate life cycle;
- Excellent written, verbal and interpersonal communication and customer service skills;
- Proficient with Microsoft Office Suite, particularly Excel, and also experienced in Power BI, Argus, Google Earth and/or ArcGIS are encouraged;
- Ability to travel locally and domestically by plane and by land transportation;
- Ability to sit in an office setting for at least 2 hours at a time;
- The Position will be based in our Scottsdale, AZ office;
- Adherence to professional code of ethics and rules of conduct.
Shelter Asset Management
• 100-1500 employees
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