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27 days
Not Specified
Not Specified
$27.85/hr - $45.65/hr (Estimated)
<p>Position Summary</p> <p>The Transaction Associate must lead all aspects of due diligence and closing of prospective real estate acquisitions. The Transaction Associate will interact closely with the Acquisitions and Investment Management teams and have frequent interaction with many departments across the organization. This position is required to provide best practice development to maintain and continuously improve the integrity and effectiveness of the transactions team's product to the company.</p> <p>Essential Duties and Responsibilities:</p> <ul> <li>Due Diligence activities include: Lease document review, title review, financial review, on-site property inspection, tenant interviews, market research and analysis, managing third party vendors (to include property condition and environmental assessments, ADA, survey, zoning, etc), interfacing with internal and external legal counsel, engaging internal departments to create an operating plan, compilation and communication of key findings and recommendations to the company. </li><li>Effective communications with brokers, seller's internal teams and various third parties to evaluate and resolve all issues and opportunities throughout the due diligence process. </li><li>Closing activities include compilation of the settlement statement with seller, managing internal reviews and approvals, coordinating with legal counsel and the title company on all closing checklist requirements, and continuous communication with all parties involved throughout the process to ensure a timely closing in accordance with the purchase and sale agreement. </li><li>Facilitate a smooth hand-off to the organization of the underwriting, due diligence and closing materials for each acquisition. This includes providing a detailed hand-off memo and reviewing it with the accounting and operations teams after closing. </li><li>Ability to review and understand underwriting models and property level financial statements, tenant ledgers and other accounting reports. </li><li>Lead efforts to continuously improve Transactions team processes and deliverables. </li><li>Attend or lead key meetings: Weekly Acquisitions Pipeline Review; Acquisition Introduction, Sign-off and Hand-off meetings. </li></ul> <p>Education / Experience Requirements:</p> <ul> <li>Bachelor's Degree in Finance, Accounting or Real Estate required, advanced degree preferred. </li><li>3-5 years of directly applicable experience in commercial real estate required. Transactions experience with an emphasis on valuation, analysis and due diligence strongly preferred. Relevant internship experience will be considered. </li><li>MS Office experience including a high proficiency with Word and Excel required. </li><li>Must possess strong verbal and written communication skills </li></ul>
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