Senior Investment Associate

Centennial Real Estate Company LLC•Dallas, TX

11h•$125,000 - $145,000

About The Position

This position will support the VP Investments in sourcing, underwriting, analyzing, and modeling transactions. They will lead the due diligence work for transactions under consideration, validate underwriting assumptions, and prepare internal and external presentations regarding potential transactions for review by the investment committee. Must possess a deep understanding of real estate dynamics and valuation methodologies within different asset classes and will support capital raising efforts and asset management (once properties are acquired).

Requirements

Bachelor’s Degree (preferably in Finance, Accounting or Real Estate).
Minimum of 5 years of real estate investment underwriting
Argus Enterprise modeling experience
Fluent in MS Office suite of products (Excel, Power Point, Word).
Strong communication skills: written and
Ability to communicate efficiently via email (brevity is essential).
High level of organization with the ability to maintain files on numerous projects
Attention to detail and ownership of investment
Proven leadership capability: mentor Investment Analysts, setting priorities for their
Entrepreneurial mindset and the ability to prioritize and multi-
Technical understanding of retail leasing mechanics (LOI, Lease Signing, Build-out, Lease and Rent Commencement).
High aptitude and proficiency in project and fund modeling (investor waterfalls) and multi-tenant commercial property (office, retail) underwriting.
Some experience in negotiating acquisition and financing documents a
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Responsibilities

Evaluate core-plus, value-add, and opportunistic investment opportunities throughout the 50 largest MSAs in the United States.
Acquisitions will primarily be focused on neighborhood and necessity-based retail Will occasionally assist in evaluating retail development opportunities.
“Evaluation of opportunities” will include financial modeling (Excel and Argus Enterprise), market analysis (retail and alternative uses such as office, multi-family, for sale housing, lodging, medical, health & wellness) and integrating land value creation and development returns for these alternative uses.
Proficient in using the internet to “fill holes” in Acquisition Submission Memos provided by Selling Brokers.
Lead retail space-by-space analysis with senior members of Centennial’s leasing This analysis will serve as the backbone for Argus modeling.
Beyond the underwriting of acquisitions, the ability to incorporate development projects into 5–10-year cash flow models. May spend 10-20% of time assisting the Development Team.
Underwriting will include preparation of Preliminary Investment (“Heads up”) Memos and Formal Investment Memos for Investment Approval, and participation in IC
Proactively respond to broker submissions of properties for sale and perform initial triage of
Underwriting efforts may include travel to acquisition targets. This travel will include touring competitive projects as well as projects where alternative uses have already been
Manage the Acquisition Pipeline database used in Weekly Pipeline Review
Regular interactions with the entire senior management
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.