Market Officer, West

About the Role

Dalfen Industrial is seeking a Market Officer to join the team in Oakland, CA, covering the West region. This individual supports the acquisitions of the highest-priority Dalfen initiatives and actively contributes to complex projects, including sourcing, investment and acquisition transactions, strategy development, and execution in their regional portfolios. The role involves conducting target research and helping senior leadership anticipate and respond to investment and acquisition challenges to promote company growth and profitability.

Responsibilities

• Acquisitions:
  • 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 the investment committee.
• Leasing & Asset Management:
  • 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 the Investment Committee.
  • Oversee general property-level analysis functions (e.g., CAM reconciliations, PM contracts, RFPs, construction, and vendor contracts) with the assistance of the Asset Manager.
  • Oversee, review, and approve budgets to implement strategic business plans.
  • Perform economic analysis of all potential lease transactions to verify consistency with budget and/or proforma.
  • Conduct in-depth market research to fully understand the position of each asset in its respective market from a leasing and investment perspective, including underlying factors that 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 selecting property managers and leasing agents, initial capital and operating budgets, and reviewing and approving acquisition underwriting assumptions.
  • Review leases and lease abstracts, capital improvement budgets, and operational budgets.

Requirements

• Completed undergraduate degree from a 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 of sourcing and underwriting.
• Highly motivated with strong work ethics.
• Ability to work under tight deadlines in a demanding work environment.
• Excellent communication skills.
• Strong organizational skills and attention to detail.

Skills

• Ability to create and edit Argus files.
• Advanced working knowledge of Microsoft Excel and other MS Office applications.
• Proficiency in Argus, CoStar, and Real Capital Analytics preferred.
• Real estate-specific coursework and/or work experience preferred.

About the Company

Dalfen Industrial is one of the largest private equity owners, operators, and developers of industrial real estate. The firm has raised multiple private equity funds and currently manages over 55 million square feet, transacting over $7.8 billion in deals. Dalfen is vertically integrated across 9 offices, offering a challenging and fast-paced work environment.