Market Officer, Central

Position Responsibilities

• Identify target properties that meet the firm's specified acquisition criteria.
• Lead the due diligence process for assets under contract.
• Work with analysts to compile underwriting material.
• Present property and market specific reports to management and investment committee.
• Negotiate real estate lease proposals and leases.
• Oversee management of property operations for the assets.
• Develop, draft, and present material recommendations regarding the property’s operations, capital plan or investment strategy for Investment Committee.
• Oversee general property level analysis functions (i.e., CAM reconciliation’s, PM contracts, RFPs, construction, and vendor contracts) with the assistance of Asset Manager.
• Oversee, review, and approve budgets which will implement your strategic business plans.
• Perform economic analysis of all potential lease transactions to verify consistency with budget and/or proforma.
• Conduct in-depth market research in order to fully understand the position of each asset in its respective market from a leasing and investment perspective and all underlying factors which may influence it.
• Update demographic and market information for each asset for strategic planning and reporting purposes.
• Assume responsibility for the acquisition/due diligence process, including the selection of appropriate property managers and leasing agents, initial capital and operating budgets as well as review and approve acquisition underwriting assumptions.
• Review leases and lease abstracts, capital improvement budgets, and operational budgets.

Position Skills & Experience

• Completed undergraduate degree from top-tier accredited institution, a post graduate degree will be considered an asset.
• 7-10+ years of relevant work experience.
• Experience leading a team (internal/external) on property operations.
• Strong understanding of real estate fundamentals and in-depth knowledge in sourcing and underwriting.
• Highly motivated with strong work ethics.
• Able to work under tight deadlines in a demanding work environment.
• Excellent communication skills.
• Strong organizational skills and attention to detail.
• Ability to create and edit Argus files.
• Advanced working knowledge of Microsoft Excel and other MS Office applications.
• Proficiency in Argus, Co-star and Real Capital Analytics preferred.
• Real estate specific coursework and/or work experience preferred.