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Acquisitions Investment Associate

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
West Hartford
 CT
Postal Code
06107
Country
United States

This job is no longer active.

Description


About Penwood Real Estate Investment Management, LLC


Penwood is a Registered Investment Adviser formed in 2003 and based in West Hartford, CT. Penwood is an entrepreneurial real estate investment advisory group focused on the institutional investor market. Penwood provides a national real estate perspective, disciplined management process and experienced investment management. Penwood is currently focused on value-added development, redevelopment/rehabilitation and income-producing industrial investments in major seaport markets. Penwood is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.

We are currently seeking an Investment Associate to join the company in our West Hartford, CT office.

Characteristics of the Candidate:

The Investment Associate will work with and report directly to the company’s Head of Acquisitions. The candidate should be self-motivated, organized, analytical, proactive, versatile, curious and thrive in a fast-paced and dynamic environment.

Responsibilities:

The Investment Associate will be primarily responsible for identifying, analyzing, and performing due diligence for prospective industrial property acquisitions and ongoing analysis of assets under management. The primary responsibilities include:

• Establish and maintain relationships with industry sources to support timely deal flow for Penwood’s investment funds.
• Develop local, regional, and national industry contacts to assist in due diligence and underwriting.
• Identify and evaluate existing industrial property investment opportunities; collaborate with the acquisition team in underwriting prospective industrial investment opportunities.
• Develop and implement asset enhancement plans for repositioning under-performing assets and optimizing the exit strategy.
• Compile and maintain databases on economic, demographic, and comparable trends for the company’s target markets.
• Create cash flow models using Argus Enterprise and Penwood’s proprietary Excel spreadsheets to calculate expected rates of return for the investment opportunities.
• Conduct market research to establish and verify the assumptions in the financial models
• Conduct site visits to ascertain economic, demographic, and comparable information for investment opportunities.
• Interact with sellers and their representatives to gather all necessary information to analyze and perform due diligence on market opportunities.
• Prepare Investment Committee communication and make presentations of investment recommendations to the company’s Investment Committee.
• Control all aspects of acquisition due diligence, including financial analysis, budget, environmental, engineering, strategy compliance, and legal.
• Assist in the annual budget planning process.


Required Skills:

• A passion for real estate investment.
• Team-oriented and ability to work seamlessly on multiple projects and tasks.
• Self-motivated and energetic.
• Bachelor’s degree with a focus on finance, economics, or real estate.
• Minimum 5-years of relevant transaction experience.
• High level of competence required in financial modeling utilizing ARGUS Enterprise and Excel software.
• Proficiency in computer applications skills including working knowledge of Microsoft Word, Excel, and PowerPoint.
• Very strong organizational, analytical, problem-solving and decision-making skills.
• Clear understanding and relevant experience with project management schedules and budget processes.
• Ability to meet deadlines.
• Willingness to perform tasks outside the job description.
• Excellent written and verbal communication skills.

Compensation: Penwood offers a competitive base salary with bonus based on the candidate’s experience and capabilities. All employees are offered a comprehensive benefits plan including a 401(k) retirement plan with a company match, medical and dental benefits, short and long term disability, paid sick time, maternity and paternity leave, vacation, and personal days off.

Any applicant selected for this position will be required to submit to an extensive background screening, drug screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Penwood. All candidates must be authorized to work in the United States.

 

Job Function


Not specified

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Acquisitions West Hartford Full Time CT Acquisitions Investment Associate other