Description
Large Asset New York City Real Estate Investor and Developer Seeks Acquisitions and Development Associate.
The principals the firm have been directly responsible for more than 4 million square feet of closed real estate investments and ground up developments in New York City with total capitalization in excess of $1.5 billion. The company is seeking an experienced associate to report directly to the head of the organization.
The following are the responsibilities of the position:
- Development
- In-office oversight of the construction of a $30 mm project in Brooklyn, NY.
- Interact with entire project team to including lenders, construction professionals, architects, engineers, etc. to insure smooth progress of the project;
- Prepare monthly draws from the lender including gathering invoices and preparing AIA forms and maintaining the budget;
- Maintain the internal financial model in excel and clearly communicate project status to relevant stakeholders including investors and company owner.
- Acquisitions
- Perform investment banking standard underwriting for new acquisition opportunities including excel modeling, investment memoranda, interacting with the brokerage community, sourcing comparable information etc.;
- Inception to sale oversight of a given investment;
- Maintain pipeline report;
- Maintain brokerage relationships.
The successful candidate will:
- Have a BA/BS from a top tier university (MBA’s will also be considered).
- Have extensive financial modeling experience using Microsoft excel.
- Have excellent verbal and written communications skills.
- Have prior real estate experience.
Compensation will be commensurate to market, includes full benefits and the potential for substantial year-end bonuses based on performance.
Experience
2+ to 5 years
This job is no longer active.