Acquisitions Associate

Extell Development Company•New York, NY

2d•$140,000 - $180,000

About The Position

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, office, retail and hospitality properties, operating primarily in Manhattan and other premier cities across the nation. Experiencing outstanding growth since its founding in 1989, the company’s growing portfolio exceeds twenty-five million square feet. Summary of Responsibilities: The Acquisitions Associate supports the acquisitions team in performing financial analysis for prospective and existing investments, market research and acquisition due diligence as well as handling various special projects.

Requirements

Ideal candidates for Acquisitions Associate hold a bachelor’s degree in finance, Economics, or a related field
Minimum of two (2) years of relevant experience in the real estate investment sector
Excellent real estate financial modeling skills
Proficiency in ARGUS (DCF and Enterprise), MS Office (Word, Excel, and PowerPoint)
Understanding of commercial leases and familiarity with operations of various property types
Strong written and verbal communication and presentation skills
The ability to work well under pressure while effectively multi-tasking and prioritizing
Strong problem-solving abilities
Exceptional attention to detail and organizational skills
Outstanding work ethic
Ability to work in a collaborative entrepreneurial environment
Strong motivation coupled with a self-directed and proactive approach

Responsibilities

Create and review detailed financial analyses utilizing Microsoft Excel and other programs as needed to evaluate prospective and existing investments.
Update internal valuation and projection models for existing investments.
Prepare investment memoranda and presentation materials.
Perform detailed market research on supply/demand fundamentals, economic trends, comparable sales and lease transactions, etc.
Maintain and update deal pipeline database.
Assist deal team in performing acquisition due diligence, including reviewing leases, contracts, historical operating statements, etc.
Review and analyze financial performance of existing investments.

Benefits

Extell Development Company offers opportunities for professional growth and advancement; and competitive pay and benefits to include:
Annualized Base Salary of $140,000 - $180,000
Medical, Dental, and Vision Insurance
Company-Paid Life and AD&D Insurance
Company-Paid Short- and Long-Term Disability
401(k) Plan
Paid Time Off
Paid Holidays
Employee Assistance Program
Equal Opportunity Employer