Director, Acquisitions Underwriter
Qualified candidates, please attach resume when applying.
Our client, a Real Estate Investment Trust Company, is seeking an experienced real estate Acquisitions Underwriter to join their New York City office. This role will involve modeling acquisition targets for potential returns, real estate performance potential, valuation, cash flow potential, and capital improvement plans, conducting market research and preparing business plans/presentations, and interfacing with investors.
Perform all aspects of prospective deal and sponsor analysis including: due diligence, underwriting, comp research, statement spreading, risk assessment, joint venture waterfall projections and sensitivity analyses for company’s principles
Maintain ongoing communication with potential investors on sponsor analysis and deal details
Review and analyze financial statements of the underlying or prospective assets
Liaise with existing investors and sponsors to facilitate communication of status of closing, property performance, investment returns and capital raising activity
Engage outside parties for appraisals, physical condition survey, environmental reports, background checks, zoning, insurance, and other due diligence items as necessary
Evaluate leasing, management, renovation plans, and other property criteria
Monitor sponsor implementation of business plans associated with the underlying property investments
MS in real estate or MBA preferred with Bachelor’s degree preferably in finance or related
7+ years’ experience in real estate credit analysis, commercial property valuation, acquisitions analysis, modeling experience and preparation of materials for approval by committee
Proficient in Microsoft Excel, and working knowledge of commonly used property management software (Yardi)
Ability to travel up to 20-30%