Investment Management Associate

COMPANY DESCRIPTION:

Our Client is a leading real estate investment and operating company focused on creating exceptional opportunities in evolving markets. With over $3.1 billion of current assets under management, the firm targets income-producing, opportunistic and value-add opportunities in New York, San Francisco, Chicago, Miami and other innovative markets.  The firm employs a focused and disciplined approach to its investments while providing a full range of acquisition, financing, development, investment management, leasing, property management, accounting and disposition services that seek to maximize value.

ROLE OVERVIEW:

The Investment Management Associate will be responsible for the performance of several assets within the firm’s portfolio. The Associate will support the firm’s investment management team while executing value-enhancing strategies and overseeing daily operations of the portfolio.

ROLE RESPONSIBILITIES:

Leasing

• Engage third-party brokers, negotiate brokerage agreements and monitor performance of brokers in commercial leasing.
• Review and analyze active LOIs and conduct lease negotiations with tenants.
• Conduct market studies and execute agreed-upon leasing strategy; establish and maintain broker relationships and market knowledge. 
• Monitor and maintain the appearance of vacant spaces, engage engineers, architects, and contractors for any required Landlord’s Work.
• Monitor tenant compliance with leases, including all financial obligations as well as permitting and/or alteration requirements under the lease.
• Prepare lease abstracts, loan abstracts, master lease and/or condominium abstracts.

Financial

• Financial modeling of existing investments; create, maintain and update existing investment models.
• Perform buy/sell and refinance analyses for existing investments.
• Review and analyze property budgets and prepare for review and discussion with senior management.
• Regularly review all tenant billings of base rent and additional rent.
• Perform variance analysis of financial reports (i.e., budget versus actual, year-to-date performance, year-over-year performance).
• Monitor expenses in relation to budget.
• Monitor accounts receivable, coordinate collections and respond to any delinquencies in accordance with established policies.
• Draft investor letters and manage reporting processes for lenders and investors.
• Administer loan covenants and manage the drawdown of loan reserves.
• Interface with lenders for approvals, new loans and refinances.
• Analyze cash available at each property and discuss any deficiencies/surplus with senior management in recommending capital calls/distributions.

Operations

• Interface with property managers and other third parties including lawyers, accountants, partners, architects and consultants.
• Manage tenant relationships and respond to all tenant inquiries and correspondence.
• Prepare documents to affect tax certiorari for each property with approved third-party counsel.
• Regularly visit properties and conduct on-site inspections.
• Work with property managers to bid and oversee operational contracts and services for both repair & maintenance and capital improvements.
• Work with consultant to review tenant insurance compliance with lease and property insurance compliance with loan.
• Assist with dispositions and acquisition due diligence as required.

EXPERIENCE REQUIRED:

• 3-5 year’s institutional real estate experience
• Proficient in Microsoft Excel and Argus
• Ability to multi-task and work in a high energy, team-oriented environment
• Strong verbal and written communication skills
• Strong interpersonal/tenant relations skills
• Ability to review and analyze financial reports
• Must be organized, detail oriented, and analytical