Analyst - Asset Management, Industrial

The Lightstone Group, LLC•New York, NY

About The Position

The Senior Associate reports into the Senior Vice President, Industrial Asset Management and assists in all aspects of property-level operating activities and strategies for Lightstone Logistics, which include 10 million square feet across 25 properties in the U.S. Responsibilities include financial review and reporting, leasing/revenue analysis and reporting, due diligence with Acquisitions/Investments, budget preparation, and assisting with oversight of third-party property management firms. The ideal candidate has experience in industrial operations and/or industrial asset management, strong analytical skills, ability to decipher financial data to effectively review and evaluate operational and investment opportunities. Required to have the ability to assess and help drive the performance of assets in the Lightstone Logistics portfolio. Must be able to work independently with minimal supervision and thrive in an environment that is highly entrepreneurial, both strategic and creative. Requires rapid learning, multitasking and prioritizing under tight deadlines. Some travel is required.

Requirements

Minimum 5 years related experience
BA or BS degree
Demonstrated aptitude for problem solving and problem identification
Ability to collect, analyze and interpret operations and leasing performance data
Must effectively manage and adhere to deadlines
Proficiency in Yardi or MRI required
Extensive proficiency in Excel, Word, and PowerPoint required and ability to manipulate data essential
Extensive understanding of underwriting concepts and methodologies
Attention to detail required
Ability to operate in a team environment
Excellent written and verbal communication skills
Excellent interpersonal skills and demonstrated professionalism
Ability to manage multiple tasks

Nice To Haves

Familiarization of industrial operations, and leasing concepts preferred

Responsibilities

Review and analyze monthly financial and income statements, prepare benchmarking and/or other analyses related to maximizing revenues and minimizing expenses that lead to strategies to improve asset performance and value.
Review and work with Regional Asset Managers to ensure the portfolio assets’ are operating at maximum efficiency and executing all profit opportunities, including but not limited to:
Reviewing leasing and revenue potential for each asset
Ensuring proactive and accurate management of all enterprise management systems that pertain to Asset Management
Exploring and executing all value-add opportunities in the portfolio
Validating all data required for effective leasing management
Maintaining financial models
Analyzing for all potential cost savings; tracking implementation of initiatives
Produce ad-hoc analyses to evaluate the performance of assets and drive decision- making
Collect market data and conduct benchmarking analysis
Regularly track and analyze factors affecting markets and submarkets associated with the portfolio, including demographics and changes in supply and demand
Coordinate and support in annual budget and underwriting process
Prepare regular presentations for Executive Team and outside counterparties such as joint venture partners and 3rd party managers
Collect market data and develop tools to assist in the determination of strengths, weaknesses, opportunities and threats facing the portfolio
Analyze financial models to evaluate investment returns on proposed capital projects and acquisitions
Manage all projects with Asset Management Analysts.
Assist with asset management of portfolio, including periodic property visits and interfacing with third-party management companies, property/project managers, leasing brokers, and other third-party vendors/resources
Participate in site visits and market tours to obtain firsthand knowledge of our properties, competition and demand generators