Associate

Job Description

• Source and evaluate prospective real estate acquisitions and propose preliminary business plans
• Work with the Analyst(s) to create detailed pro forma cash flow analyses using Argus and Excel 
• Work with the Analyst(s) to create detailed development feasibility analysis for retail, data center, office and residential 
• Analyze, interpret, and review cash flow models to confirm accuracy of proposed business plan and supporting data
• 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. 
• Coordinate the review of due diligence materials, abstraction of leases, evaluation of operating expenses, and collection and dissemination of documents to lender and equity investors and act as a transaction manager for the acquisition
• Complete analysis and content for Investment Committee memo and help lead, present and defend opportunities to capital partners and Investment Committee

• 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
• Build a strong network of industry peers to independently conduct research and identify opportunities and insights  

• Support asset managers in quarterly financial model updates and reporting; review periodic market data analyses for existing portfolio assets and build and interpret prospective lease analysis, hold/sell analysis, and comparisons of actual results to pro forma
• Join various meetings with external teams regarding leasing and development/repositioning for owned portfolio

• 3+ years of real estate experience
• Proficiency in MS Excel and Argus is required
• Excellent written and verbal communication skills with the ability to synthesize quantitative financial analysis into concise written and verbal reports
• 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.
• Strong desire to work in commercial real estate with a passion for understanding and contributing to the built environment
• Deep understanding of supply/demand relationships and sub-market level dynamics throughout the Bay Area, will be able to independently evaluate a deal and complete an initial valuation
• Strong 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
• Interest in engaging and experimenting with new artificial intelligence tools to enhance productivity and data synthesis.  

• Salary Range:  $100,000-130,000
• 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