Analyst, Development Asset Management
About The Position
The Analyst will work closely with RXR’s Development Asset Management team on the investment and asset management of a diverse portfolio of development projects across multiple asset classes. The role provides exposure to the full lifecycle of real estate development investments, including underwriting, capitalization, construction, stabilization, and execution of business plans. The Analyst will support active development projects and evaluate new investment opportunities, collaborating with senior team members and colleagues across Development, Construction, Accounting, Legal, and Capital Markets. The position involves maintaining financial models, analyzing project and portfolio performance, assisting with budgets, funding, valuations, and reporting, and preparing clear analyses and presentations for management, partners, investors, and lenders. The Analyst will also conduct market research and due diligence and develop familiarity with relevant leases, loan documents, partnership agreements, and other transaction documents.
Requirements
- 0–2 years of experience in real estate, finance, acquisitions, development, asset management, investment banking, or a related field.
- Bachelor’s degree required.
- Strong analytical skills and proficiency in Microsoft Excel.
- Ability to prepare clear, concise, and professional presentation materials in PowerPoint.
- Understanding of fundamental real estate finance and investment concepts.
- Proficiency with Microsoft Excel and PowerPoint and ability to learn and work efficiently across real estate systems and technology platforms.
- Collaborative approach and willingness to work across Development, Construction, Accounting, Legal, Capital Markets, and other functional groups.
- Ability to understand financial information, identify key drivers, and translate analysis into useful insights.
- Detail-oriented, proactive, and able to manage multiple assignments and deadlines in a fast-paced environment.
- Strong written and verbal communication skills and ability to work effectively with internal and external stakeholders.
- Strong interest in real estate development, investing, and asset management.
Nice To Haves
- Prior internship or professional experience in real estate or finance.
- Familiarity with development, acquisitions, or asset management.
- Exposure to Argus, Yardi, CoStar, or similar real estate systems.
- A concentration in real estate, finance, accounting, economics, or a related discipline.
Responsibilities
- Create, update, and maintain Excel financial models for existing development assets and new development opportunities; review outputs for accuracy and maintain assumptions and supporting schedules.
- Support maintenance of a fund-level model for structured equity investments, including investment cash flow updates and portfolio-level returns.
- Perform scenario and sensitivity analyses involving project costs, financing, leasing, timing, valuations, and investment returns.
- Assist with quarterly valuations, refinancing analyses, and other ad hoc financial analyses.
- Support asset management of development projects across asset classes and stages of execution.
- Assist with capital calls, distributions, project funding, and coordination with Accounting and Development teams.
- Review project budgets, construction progress, leasing activity, and performance against underwriting; support annual budgets and business plans for existing assets.
- Develop familiarity with leases, loan documents, partnership agreements, and other transaction documents relevant to assigned projects.
- Conduct market research and due diligence for existing projects and potential investment opportunities.
- Assist in preparing investment committee materials, business plans, and internal presentations.
- Support monthly, quarterly, and annual investor and lender reporting, including quarterly reforecasts, variance analyses, and performance tracking against underwriting and business plans.
- Prepare clear and concise Excel analyses and PowerPoint materials for senior management, partners, and other stakeholders.
Benefits
- Bonus eligible.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
