Real Estate Acquisitions Analyst
Overview:
IRA Capital (“IRA”) is a real estate private equity company with extensive acquisition, investment, development, and asset management expertise. The company seeks to preserve investor capital while providing attractive risk-adjusted returns over a mid to long-term hold period. The company operates as an entrepreneurial owner and places a strong emphasis on proactive asset management throughout the investment cycle. IRA is built around key personnel with expertise in the disciplines of real estate investment, asset management, financing, leasing, and marketing, as well as planning and development. Over the past 12 years, IRA has acquired and overseen over 7 million square feet of commercial real estate with a total capitalization in excess of $3.5 billion. The company is focused on acquiring high quality, well located, real estate across investment strategies and product types, which include office, retail, industrial, and multi-family.
The Analyst will directly support one associate and other senior investment professionals in all aspects of sourcing, underwriting and executing transactions on behalf of the firm.
Responsibilities include:
- Develop detailed pro-forma cash flow, DCF and acquisition models
- Conduct market research and analyze market data including market occupancy, rental rates, demographics, competitor positioning and economic information
- Conduct all aspects of due diligence including, writing business plan, analyzing market area, tenant credit – financials, 3rdparty reports,
- Review, interpret and summarize real estate leases, and interface with various departments throughout the acquisition process
- Analyze underperforming properties and create projections for alternative scenarios
- Interface with general partners, property managers, corporate finance, lenders, investment brokers, accountants, tax experts and attorneys
- Prepare various acquisition and strategic analysis reports that reflect current acquisition activity and market trends
- Prepare and maintain files for each assigned property that provides information on buildings, utilities, contractors, contracts, emergency procedures, property insurance, and other information necessary to operate each property
- Prepare a monthly report on each property
- Prepare and track annual budgets, business/leasing assumptions and quarterly reports for assigned properties to meet financial obligations
- Prepare annual CAM reconciliations
- Prepare monthly rent rolls for each property. Maintain and track lease rollovers (Lease Status Report) or projects for pending transactions and items requiring follow-up. Utilize company procedures and tracking methods to meet internal audit requirements
Candidate Requirements include:
- 1-4+ years of experience with an investment sales team, REIT, real estate fund or investment bank is preferred
- Strong analytical valuation techniques and vetting for potential acquisition targets
- Expert documented knowledge of real estate cash flow modeling using Excel and Argus
- Communication skills to interface with the acquisition team, outside consultants, and investment sales professionals
- Proficiency in procuring, analyzing, and synthesizing market research
- Proficiency in reviewing leases, historical income, expense evaluation and other knowledge evaluating other due diligence materials
- Ability to prioritize and work independently
- Detail oriented with strong organizational skills
- Bachelor’s degree from four‐year university – minimum 3.5 GPA
Salary: Competitive (depending on experience) + performance bonus + Benefits