Description
Institutional Property Advisors, a division of Marcus & Millichap, is seeking a Senior Commercial Real Estate Financial Analyst to be a part of the Philadelphia investment sales team with a niche focus in institutional quality retail shopping centers in the Mid-Atlantic region of New Jersey and Pennsylvania.
This position will play an integral role in assignments ranging from one-off asset sales to the sale of large portfolios with responsibilities that go beyond the financial aspects of the deal involving all phases of the sales process.
The chosen candidate will need strong foundational knowledge of financial/valuation concepts, relevant experience utilizing Argus Enterprise, demonstrate a passion for real estate, work well in a dynamic team environment, and demonstrate a strong work ethic.
Responsibilities:
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- Build, edit, and manipulate complex financial cash flow models using Argus DCF and Argus Enterprise software
- Analyze, review, and interpret real estate source documents, including operating statements, rent rolls, budgets, loan documents, operating statements, leases, and other due diligence material
- Research market conditions in support of financial underwriting assumptions
- Ability to play a role in presenting with lead broker in a formal client setting to audiences with a wide range of financial acumen
- Compile and present the results of analyses and effectively address questions
- Identify critical property level financial issues and make recommendations
- Developing disposition strategies in conjunction with team members and clients
- Communicate directly with capital markets professionals, asset managers, leasing brokers, property managers and clients
- Strong writing skills to assist at writing investment overviews as well as tenant profiles
- Assist in the production of property offering memorandums which will be used to actively market retail assets to the marketplace
- Perform location, market, property, retail tenant and economic research to be used in property marketing materials, as well as keep the local team apprised of market developments
- Research and comprehend rent and sales comparables using Co-Star and RCA as part of the valuation process with an ability to make cold calls to gather necessary information
- Coordinate collection of due diligence material
Qualifications:
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- Must have advanced knowledge and 2+ years of experience using Argus Enterprise to underwrite shopping centers or office buildings
- Bachelor's degree with high academic achievement in Real Estate, Finance, Accounting, or Economics preferred but not required
- 2+ years experience in a commercial real estate position whether in brokerage, appraisal, or for an ownership group, preferably focused on retail shopping centers, or institutional office assets
- Proven experience in abstracting lease agreements
- Proven experience and proficiency in building complex retail cash flow models
- High level of proficiency in Microsoft Excel
- Proven experience in the valuation of income-producing properties is mandatory.
- Intellectual curiosity with a demonstrated enthusiasm for the commercial real estate industry
- Excellent quantitative and analytical skills in combination with outstanding communication skills (both oral and written)
- Strong interpersonal and organizational skills with ability to manage multiple projects simultaneously
- Decision-making capability with thorough understanding of procedures, company policies, and business practices to achieve general results and client-drive expectations and deadlines
- Excellent written and verbal communication skills with strong attention to detail
- Very process oriented and organized self-starter with sharp focus on details with an awareness of the bigger picture
- Ability to work successfully with “Type A” personalities and effectively within a team and with all levels of personnel
- Must have creative problem-solving abilities and a sense of personal accountability and urgency for achieving results in a challenging, fast-paced, environment
- * Only fully completed applications who have answered all of the questions will be considered
Founded in 1971, Marcus & Millichap (NYSE: MMI) is a leading commercial real estate brokerage firm focusing exclusively on investment sales, financing, research, and advisory services, with nearly 2,100 investment sales and financing professionals in 80+ offices throughout the United States and Canada. Institutional Property Advisors (IPA), a division of Marcus & Millichap, is a leading commercial real estate services firm. IPA’s real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer investors customized solutions for the acquisition, disposition and financing of properties and portfolios across the United States and Canada through institutional specialization in the product types of multi-family, retail, office, and industrial ownership. IPA has positioned itself as a leading advisor in the retail investment sales markets, servicing both institutional and major private investors from coast to coast. Our relationship-driven team has the experience and expertise to provide retail investors and owners with the investment real estate industry’s best research, financing, advisory and transaction services. IPA retail investment specialists are strategically located nationwide to provide unparalleled local market knowledge, access to a wide range of investor profiles, and invaluable transaction expertise.
transaction expertise.
Further information can be found at
Marcus & Millichap provides equal employment opportunities to all employees and applicants for employment without discrimination with regard to race, religious belief (including dress or grooming practices), color, sex, sex stereotype, pregnancy, childbirth or related medical conditions (including breast feeding), age, national origin, ancestry, sexual orientation, gender identification and expression, transgender status, physical or mental disability, medical condition, genetic characteristics, genetic information, family care, marital status, enrollment in any public assistance program, status as military, a veteran or qualified disabled veteran, status as an unpaid intern or volunteer, or any other classification protected by law. We also prohibit discrimination based on the perception that anyone has any of those characteristics, or is associated with a person who has or is perceived as having any of those characteristics. In addition to federal law requirements, Marcus & Millichap complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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