Real Estate Analyst

Basis Industrial•Delray Beach, FL

About The Position

Basis Industrial is seeking a detail-oriented Analyst or Senior Analyst with real estate finance expertise. The role supports property valuations, portfolio performance tracking, and investment decisions for small-bay industrial and self-storage assets, working closely with asset managers, acquisitions teams, and senior leadership. Responsibilities are split between asset management and acquisitions. The position may be based in New York, Texas, Florida, or Georgia and requires occasional travel, including semi-regular travel to Delray, Florida. For small-bay industrial assets, the role includes market research and performance projections; maintaining asset-management models and Argus files for quarterly forecasting and budgeting; tracking capital expenditure and tenant-improvement projects; analyzing Yardi property accounting data; and supporting leasing and capital-expenditure decisions. Acquisition and investment work includes underwriting new opportunities and leases, preparing financial analyses and investment memorandums, presenting acquisitions to the investment committee, supporting due diligence and closings, and analyzing hold-or-sell recommendations and investment business plans. The analyst also communicates with property-management teams and responds to requests from investment committees, investors, brokers, lenders, and property buyers and sellers. Additional work includes maintaining a proprietary discounted cash flow valuation model, assisting with leasing directives, and maintaining vacancy schedules, including managing leads and assisting prospective tenants. For self-storage, the role provides market research and analysis for potential developments using Yardi Matrix, Stortrak, and Radius+. It enhances a proprietary discounted cash flow model for development from construction through lease-up and stabilization, tracks third-party management financials against projections, analyzes investment opportunities, and assists with oversight of third-party management groups, including reviewing work orders and responding to day-to-day asset-management inquiries.

Requirements

Bachelor’s degree in economics, finance, accounting, or a related area is preferred.
2–4 years of relevant experience, including banking, real estate, finance, private equity, or asset management.
Strong quantitative and technical/computer skills, including proficiency in Microsoft Excel, PowerPoint, Yardi, and Argus Enterprise.
Strong analytical thinking and problem-solving abilities.
Exceptional written, communication, and organizational skills.
Occasional travel is required, and access to a car is necessary.
A desire to learn and grow within a fast-paced real estate investment company.

Responsibilities

Research real estate markets and competing properties and prepare asset-performance projections based on market conditions.
Develop and maintain small-bay industrial asset-management models quarter over quarter.
Update portfolio Argus files in support of quarterly forecasting and budgeting.
Track ongoing capital expenditure and tenant-improvement projects.
Use Yardi property-level accounting data and Excel for consolidated variance reporting and analysis.
Provide analytical support for leasing and capital-expenditure decisions.
Underwrite new lease opportunities and compare them with budget projections.
Assist with analyses and special projects for the senior management team.
Analyze new investment opportunities and prepare one-page summaries.
Prepare investment memorandums for new acquisitions and present them to the investment committee.
Help oversee due diligence and closing processes for new investments and dispositions.
Analyze existing assets to support hold-or-sell recommendations.
Conduct analyses supporting investment business-plan decisions, including leasing, capital projects, financing, and disposition.
Communicate with property-management teams and review monthly property reports for each asset.
Respond to requests from the investment committee, investors, brokers, lenders, and property buyers and sellers.
Modify and update a proprietary discounted cash flow valuation model using different scenarios and sensitivities.
Assist with leasing directives and maintain vacancy schedules, including managing leads and assisting prospective tenants.
Research and analyze potential self-storage developments using Yardi Matrix, Stortrak, and Radius+.
Enhance and update a proprietary self-storage development discounted cash flow model covering construction, lease-up, and stabilization.
Track monthly financials and performance from self-storage third-party managers against original projections.
Analyze self-storage development and investment opportunities and prepare one-page summaries.
Assist with oversight of self-storage third-party management groups, including reviewing work orders and handling day-to-day asset-management inquiries.