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Asset Management Associate

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Culver City
 CA
Postal Code
90232
Country
United States

This job is no longer active.

Description


COMPANY DESCRIPTION
Hackman Capital Partners (HCP) is a privately held real estate company specializing in acquiring, developing, and operating media, urban infill, and industrial properties. Founded in 1986, HCP has invested more than $4B in assets across 41 states – owning, through its affiliated and controlled entities, over 400 buildings totaling 35M+ sf.

Recognizing the growing demand for content and production space, HCP has become a leading owner and operator of independent studio facilities and media campuses. The firm’s most notable Southern California projects include Television City Studios, The Culver Studios, and Manhattan Beach Studios; in addition, HCP is actively redeveloping several creative office campuses across the LA basin.

HCP is headquartered in Los Angeles, California and has an additional office in Columbus, Ohio.

For more information, visit our website.

JOB DESCRIPTION
HCP is seeking an Asset Management Associate to support the redevelopment of Television City Studios. The candidate will be involved in all aspects of the project and will work closely with internal stakeholders and external consultants to help deliver a project that exceeds business plan expectations and transforms LA’s “techtainment” landscape.

The ideal candidate will have a relentless worth ethic, possess strong technical skills and quantitative reasoning, demonstrate a willingness to self-start and problem solve, and bring a deep passion for real estate to the role. Moreover, this highly visible position has tremendous long-term growth potential within HCP.

 

RESPONSIBILITIES
  • Financial Modeling. The core responsibility of this role is managing, updating, and manipulating a complex pro forma model. The Asset Management Associate will work with the Asset Management, Entitlement, and Development teams to run financial analyses, including, but not limited to, the following facets of the project.
    • Budget & Schedule. Assist in creating project soft cost and hard cost budgets, processing of project invoices, updating budgets on monthly or more frequent basis, and tracking budget-to-actuals, use of contingency, etc. Asset Management Associate will also monitor adherence to project schedule, identifying critical decision points, potential delays, or other impacts.
    • Financing. Compare loan options and perform refinance analyses (Debt Yield, LTV, etc.), prepare required documentation to close financings, and monitor capital markets to ensure effective use of leverage on the project.
    • Construction. Work with consultants to establish S-Curves, track spend-to-date, and manage loan draws, to ensure project has adequate funding to perform construction.
    • Leasing. Review lease documents, conduct financial analysis of lease proposals and corresponding property cash flows (i.e., NPV comparison, impact on return metrics, etc.), evaluate creditworthiness of prospective tenants, and perform rent roll audits.
    • Disposition & Waterfall Analysis. Project NOI and Free Cash Flow at property and analyze liquidity events with appropriate sensitivity testing (full sale, partial sale, timing of sale, etc.), representing financial performance utilizing a variety of return metrics – IRR, MOIC, Yield on Cost, Cash-on-Cash, among others.
  • Tracking & Reporting. In addition to managing the project’s pro forma, the Asset Management Associate will be responsible for developing and maintaining sophisticated project dashboards to assist in delivering information to senior members of the project team and HCP. Analyses include, but are not limited to: monthly financial performance reports, variance tracking, identification of project trends and potential red flags, and presentation of summary metrics.
  • Ad Hoc Analyses. The Asset Management Associate will also be responsible for performing additional analyses, as they arise, including:
    • Underwrite acquisition opportunities, across asset classes, for properties in proximity to Television City Studios.
    • Build and maintain reports and databases on land sales, forward supply/absorption, market rents and concessions, competitor positioning, and other statistics.
    • Assist in all phases of internal budgeting process and other required reporting (investors, lenders, etc.).

QUALIFICATIONS
  • 2 - 5 years of financial modeling and underwriting experience with a commercial real estate investment/development firm, major investment bank, hedge fund, private equity firm, asset manager, etc.
  • Expertise in Excel, ARGUS, Word, and PowerPoint. Per the responsibilities of this role, applicants must be able to apply complex formulas to develop and modify financial models and cash flow projections for operating assets and development projects, with complicated waterfall distributions.
  • Familiarity with leases, purchase and sales agreements, property management agreements, listing agreements, partnership agreements, loan docs, construction agreements, consulting agreements, vendor agreements, and intercreditor agreements.
  • Outstanding analytical, quantitative, and problem-solving ability.
  • Strong work ethic; high level of initiative, willingness to self-start, and ask questions; commitment to accurate, high-quality work product; excellent oral and written communication skills; and a passion for real estate.
  • Degree from a four-year accredited university is required

This job is no longer active.

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