What are the responsibilities and job description for the Acquisitions Associate position at Extell Development Company?
Extell Development Company
About Us:
Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, office, retail and hospitality properties, operating primarily in Manhattan and other premier cities across the nation. Experiencing outstanding growth since its founding in 1989, the company’s growing portfolio exceeds twenty-five million square feet.
Summary of Responsibilities:
The Acquisitions Associate supports the acquisitions team in performing financial analysis for prospective and existing investments, market research and acquisition due diligence as well as handling various special projects.
Essential Functions:
- Create and review detailed financial analyses utilizing Microsoft Excel and other programs as needed to evaluate prospective and existing investments.
- Update internal valuation and projection models for existing investments.
- Prepare investment memoranda and presentation materials.
- Perform detailed market research on supply/demand fundamentals, economic trends, comparable sales and lease transactions, etc.
- Maintain and update deal pipeline database.
- Assist deal team in performing acquisition due diligence, including reviewing leases, contracts, historical operating statements, etc.
- Review and analyze financial performance of existing investments.
Summary of Requirements:
Ideal candidates for Acquisitions Associate hold a bachelor’s degree in finance, Economics, or a related field; minimum of two (2) years of relevant experience in the real estate investment sector; excellent real estate financial modeling skills; proficiency in ARGUS (DCF and Enterprise), MS Office (Word, Excel, and PowerPoint); and an understanding of commercial leases and familiarity with operations of various property types.
The position requires strong written and verbal communication and presentation skills; the ability to work well under pressure while effectively multi-tasking and prioritizing; strong problem-solving abilities; exceptional attention to detail and organizational skills; outstanding work ethic; ability to work in a collaborative entrepreneurial environment; and strong motivation coupled with a self-directed and proactive approach.
Compensation & Benefits:
Extell Development Company offers opportunities for professional growth and advancement; and competitive pay and benefits to include:
- Annualized Base Salary of $140,000 - $180,000
- Medical, Dental, and Vision Insurance
- Company-Paid Life and AD&D Insurance
- Company-Paid Short- and Long-Term Disability
- 401(k) Plan
- Paid Time Off
- Paid Holidays
- Employee Assistance Program
*Equal Opportunity Employer
Salary : $140,000 - $180,000