Real Estate Associate
About The Position
Industrious is seeking a Real Estate Associate to join their Real Estate Transactions team. This role is crucial for evaluating new landlord partnerships by ensuring assumptions are sound, and that budgets, rent, pricing, and returns are accurate. The Real Estate Associate will underwrite deals in Excel, explain their drivers, and identify potential issues. This position supports business development colleagues by providing reliable financial analysis, and collaborates with Design, Construction, and Finance teams to ensure data accuracy. The company offers a unique approach to underwriting and provides guidance for new team members. Success in this role is defined by accuracy and a commitment to learning from mistakes.
Requirements
- Strong Excel skills: IRR and time value of money, financial statements, EBITDA, pivot tables, and Goal Seek, with the ability to explain how a model works and why each piece fits.
- Hands-on experience analyzing or underwriting deals, ideally in real estate, or in finance with a genuine interest in real estate.
- A track record of accurate work across a high volume of tasks, with work that holds up to review.
- A record of working well across teams, managing expectations, and delivering to deadlines.
Nice To Haves
- Exposure to leases, landlords, or office and flexible workspace.
- Progress toward a designation such as the CFA or CPA.
- You do not need Argus or prior knowledge of our underwriting approach.
Responsibilities
- Underwrite assigned deals in Excel, checking every assumption and making sure each component, from start date and budgets to pricing and IRR, tracks.
- Explain each deal's returns clearly, including IRR, cash flows, P&L, and margin, so business development can make an informed decision.
- Flag where a deal is tight, on pricing, occupancy, CapEx, OpEx, rent, or revenue share, and where it may need more support.
- Make sure figures from Design, Construction, and Finance carry through accurately into the deal.
- Support deal reviews and Investment Committee materials with numbers that hold up to scrutiny.
- Support several business development colleagues across their deal flow, moving between priorities as needs change.
- Keep the trackers and checklists that help the team stay accurate as deal volume grows.
Benefits
- Heavily subsidized medical, dental, and vision plans to support you and your family
- Flexible paid time off, to maintain balance
- Paid parental leave to help you welcome a new child and focus on what matters most
- Annual professional development grants so you can keep learning and growing
- 401(k) retirement savings program to support long-term financial wellbeing
- Wellness initiatives and additional employee support programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
