Analyst

Job Description

• Create detailed pro forma cash flow analyses using Argus and Excel
• Create detailed pro forma development analyses on retail, data center, office and residential development
• Analyze, interpret, and model the mechanics of leases, operating expenses, tenant reimbursements, and capital expenditures using Argus
• Compute investment return metrics such as return on cost (ROC), internal rate of return (IRR), and equity multiples in the proprietary valuation model, and verify results for accuracy. 
• Modify Argus and Excel valuation models to run sensitivities based on changes in market leasing assumptions, space absorption, operating expenses, financing alternatives, and exit values.
• Provide transaction support with respect to the review of due diligence materials, abstraction of leases, evaluation of operating expenses, and collection and dissemination of documents to lender and equity investors 
• Work with the Acquisitions team to maintain pipeline of potential deals from inception through completion

• Research general market and economic conditions – track market vacancies, absorption, rents, new construction, development – and summarize and disseminate developing trends that can inform acquisition and portfolio strategy 
• Compile, summarize, and disseminate in-depth market research relevant to particular opportunities
• Evaluate competitive buildings, relevant sale & lease comps, economic drivers and historic market rents  
• Monitor and maintain key capital markets indicators

• Support asset managers in quarterly financial model updates and reporting; review periodic market data analyses for existing portfolio assets
• Join regularly scheduled leasing calls with external brokers to review leasing pipeline and tactics
• Build and interpret prospective lease analysis, hold sell analysis, and comparisons of actual results to pro forma
• Selectively join development/repositioning meetings with internal and external teams for owned portfolio

• BA or BS with an emphasis in Real Estate, Economics, Accounting or Finance preferred
• Some real estate experience preferred (summer internship or 1+ years of work experience)
• Strong desire to work in commercial real estate with a passion for understanding and contributing to the built environment
• Proficiency in MS Excel is required, experience with Argus is a significant plus 
• Highly motivated team player with excellent interpersonal skills and the ability to interface with personnel of all levels both internally and externally. Curious by nature, focused on problem solving.
• Understanding of general finance concepts including cash flow forecasting, net present value and capital markets 
• Detail oriented with strong quantitative and analytical skills with desire to grow and learn; Excellent written and verbal communication skills with the ability to synthesize quantitative financial analysis into concise written and verbal reports
• Interest in engaging and experimenting with new artificial intelligence tools to enhance productivity and data synthesis.

• Salary Range:  $85,000-$105,000
• Annual bonus and promote opportunity
• Comprehensive benefits package including health, dental, vision, disability and life insurance
• 401(k)/ROTH retirement plan with employer match
• Paid time off