Real Estate Acquisitions Associate

Role & Responsibilities

Buchanan Street Partners, a national real estate investment manager based in Newport Beach, CA, seeks an investment professional to assist with making institutional-quality property investments. The position will report to a partner/portfolio manager and functions will include:

• Sourcing and underwriting real estate investments in Buchanan’s Western U.S. target markets –primarily property acquisitions but possibly including debt, mezzanine loans and other structured finance investments:
    Cash flow modeling, including DCF valuations through Argus
    Analysis of market data and trends to develop underwriting assumptions
    Identification and analysis of comparable sales
    Preparation of investment summaries, proposals, committee memoranda
    Conduct and management of due diligence processes
    Execution of transaction closings

• Assistance with transaction financing, including preparation of financing memoranda, providing lender due diligence materials, analysis of competing bids, and closing coordination
• Remaining abreast of target market property fundamentals, including employment trends, net absorption, new construction, vacancy and rental trends and capital markets activity; periodic summaries of research in order to develop and support investment theses
• Maintaining strong broker and property owner relationships through active participation in target markets, including attendance at industry events
• Active coordination with portfolio managers and asset managers in team-oriented approach to business plan development, underwriting assumptions, due diligence and closing

Required Background & Skills
The successful applicant will have 3-5 years of directly relevant experience with a real estate investment company. A 4-year degree is required (business/economics major preferred); any graduate work is a plus. The selected candidate will have the following skills:

• Prior investment experience in Buchanan’s target markets along with existing relationships

• Argus modeling and discounted cash flow analysis

• Extensive experience modeling real estate investments, including “waterfall” cash flows and carried interest structures in Excel

• Strong writing and presentation preparation skills

• Team orientation, “extra mile” work ethic, firm culture contributor/carrier

To be determined; commensurate with skills and experience