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ACQUISITIONS ANALYST

Ira Management Inc

ACQUISITIONS ANALYST

Irvine, CA
Full Time
Paid
  • Responsibilities

    Job Description

    Overview: IRA Capital "IRA" is a real estate private equity firm with a diverse portfolio of commercial assets throughout the United States. IRA acquires core, core-plus, value-add and opportunistic real estate for its own account and its co-investment partners, which include family offices, opportunity funds, and institutions. The firm currently oversees a diverse portfolio comprised of approximately 4.7 Million square-feet, including office, medical office, retail, industrial, and student housing, among others. IRA seeks to preserve investor capital, and to provide attractive risk adjusted returns over a mid to long-term horizon. The Analyst will directly support the senior associates and principals in all aspects of sourcing, underwriting and executing transactions on behalf of the firm. Responsibilities include: * Develop detailed pro-forma cash flow, DCF and acquisition models * Conduct market research and analyze market data including market occupancy, rental rates, demographics, competitor positioning and economic information * Conduct all aspects of due diligence including, writing business plan, analyzing market area, tenant credit - financials, 3rd party reports, * Review, interpret and summarize real estate leases, and interface with various departments throughout the acquisition process * Analyze underperforming properties and create projections for alternative scenarios Interface with general partners, property managers, corporate finance, lenders, investment brokers, accountants, tax experts and attorneys * Prepare various acquisition and strategic analysis reports that reflect current acquisition activity and market trends * Prepare and maintain files for each assigned property that provides information on buildings, utilities, contractors, contracts, emergency procedures, property insurance, and other information necessary to operate each property * Prepare a monthly report on each property * Prepare and track annual budgets, business/leasing assumptions and quarterly reports for assigned properties to meet financial obligations * Prepare annual CAM reconciliations * Prepare monthly rent rolls for each property. Maintain and track lease rollovers (Lease Status Report) or projects for pending transactions and items requiring follow-up. Utilize company procedures and tracking methods to meet internal audit requirements Candidate Requirements include: * 0-2+ years of experience with an investment sales team, REIT, real estate fund or investment bank is preferred * Strong analytical valuation techniques and vetting for potential acquisition targets * Expert documented knowledge of real estate cash flow modeling using Excel and Argus * Communication skills to interface with the acquisition team, outside consultants, and investment sales professionals * Proficiency in procuring, analyzing, and synthesizing market research * Proficiency in reviewing leases, historical income, expense evaluation and other knowledge evaluating other due diligence materials * Ability to prioritize and work independently * Detail oriented with strong organizational skills * Bachelor's degree from four‐year university - minimum 3.5 GPA Salary: $55-65k base salary + performance bonus up to 30% of base salary + Benefits If you are interested in applying for this position, please email a cover letter and resume to info@iracapital.com, and someone will respond to your application as soon as possible.