Real Estate Investment Associate
Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce.
Arena is looking to expand the Real Estate Credit team with an addition of an Associate.
The Associate will be primarily responsible for underwriting and financially analyzing investment opportunities as well as performing property and market due diligence.
The Associate will play an active role in closing and asset management of the firm's real estate investments.
We are seeking someone who understands the importance of the technical skills relative to underwriting and asset analysis but will also eventually be able to take a front seat in sourcing new deals and building/maintaining relationships within the real estate industry across various markets.
Please note this role requires travel to our Purchase NY office 2 times a week
Responsibilities:
Support the private real estate credit team in underwriting and executing new investments for a wide range of commercial real estate transactions.
Investments include senior bridge loans, mezzanine loans, and preferred equity backed by virtually all property types throughout the US.
Create detailed and complex financial underwriting models for financing real estate investments.
Perform asset-level and market-level due diligence.
Develop thorough understanding of a deal's capital structure and business plan and key risks to performance through discussions with sponsors, market participants and investment professionals.
Understand physical characteristics of properties, and the related competitive advantages and disadvantages.
Understand and critically evaluate the existing and potential operating characteristics of a project (Revenue, expenses, capital expenditures, tenant credit, leases).
Identify a project's demand drivers; gather market information through independent field work and direct contact with brokers, appraisers, and developers.
Synthesize information and draw a conclusion on future market rent, absorption, vacancy, and liquidity in the investment market.
Prepare term sheets and letters of intent Communicate conclusions into a comprehensive investment memorandum to be presented to senior management for consideration and approval.
Participate in Investment Committee discussions.
Participate in and provide support for the ongoing asset management of each investment, including major deal level decisions as well as evaluate overall portfolio risks and opportunities Review legal documentation in concert with team and counsel throughout the negotiation and closing process Requirements Bachelor's degree in Business, Finance, or Accounting 2-4 years of experience in real estate finance, real estate investment banking, or real estate private equity.
Strong analytical and quantitative skills Experience creating financial models.
High level of expertise in Excel; ARGUS and Power Point proficiency helpful but not required.
Ability to learn new IT applications related to relationship and portfolio management Willingness and ability to travel Highly motivated, adaptable, and open to a growing role Excellent verbal and written communication skills Ability to work both independently and as part of a larger team Benefits Health Care Plan (Medical, Dental & Vision) Retirement Plan (401k, IRA) Life Insurance (Basic, Voluntary & AD&D) Paid Time Off (Vacation, Sick & Public Holidays) Family Leave (Maternity, Paternity) Short Term & Long Term Disability Training & Development Work From Home Free Food & Snacks Wellness Resources Recommended Skills Accounting Adaptability Analytical Asset Management Banking Services Business Planning Estimated Salary: $20 to $28 per hour based on qualifications.
Arena is looking to expand the Real Estate Credit team with an addition of an Associate.
The Associate will be primarily responsible for underwriting and financially analyzing investment opportunities as well as performing property and market due diligence.
The Associate will play an active role in closing and asset management of the firm's real estate investments.
We are seeking someone who understands the importance of the technical skills relative to underwriting and asset analysis but will also eventually be able to take a front seat in sourcing new deals and building/maintaining relationships within the real estate industry across various markets.
Please note this role requires travel to our Purchase NY office 2 times a week
Responsibilities:
Support the private real estate credit team in underwriting and executing new investments for a wide range of commercial real estate transactions.
Investments include senior bridge loans, mezzanine loans, and preferred equity backed by virtually all property types throughout the US.
Create detailed and complex financial underwriting models for financing real estate investments.
Perform asset-level and market-level due diligence.
Develop thorough understanding of a deal's capital structure and business plan and key risks to performance through discussions with sponsors, market participants and investment professionals.
Understand physical characteristics of properties, and the related competitive advantages and disadvantages.
Understand and critically evaluate the existing and potential operating characteristics of a project (Revenue, expenses, capital expenditures, tenant credit, leases).
Identify a project's demand drivers; gather market information through independent field work and direct contact with brokers, appraisers, and developers.
Synthesize information and draw a conclusion on future market rent, absorption, vacancy, and liquidity in the investment market.
Prepare term sheets and letters of intent Communicate conclusions into a comprehensive investment memorandum to be presented to senior management for consideration and approval.
Participate in Investment Committee discussions.
Participate in and provide support for the ongoing asset management of each investment, including major deal level decisions as well as evaluate overall portfolio risks and opportunities Review legal documentation in concert with team and counsel throughout the negotiation and closing process Requirements Bachelor's degree in Business, Finance, or Accounting 2-4 years of experience in real estate finance, real estate investment banking, or real estate private equity.
Strong analytical and quantitative skills Experience creating financial models.
High level of expertise in Excel; ARGUS and Power Point proficiency helpful but not required.
Ability to learn new IT applications related to relationship and portfolio management Willingness and ability to travel Highly motivated, adaptable, and open to a growing role Excellent verbal and written communication skills Ability to work both independently and as part of a larger team Benefits Health Care Plan (Medical, Dental & Vision) Retirement Plan (401k, IRA) Life Insurance (Basic, Voluntary & AD&D) Paid Time Off (Vacation, Sick & Public Holidays) Family Leave (Maternity, Paternity) Short Term & Long Term Disability Training & Development Work From Home Free Food & Snacks Wellness Resources Recommended Skills Accounting Adaptability Analytical Asset Management Banking Services Business Planning Estimated Salary: $20 to $28 per hour based on qualifications.
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