03-ASSET MANAGEMENT ANALYST

Asset Manager Analyst

IRA Capital ("IRA") is a real estate private equity company with extensive acquisition, investment, development, and asset management expertise. Since 2010, IRA has acquired and overseen over 10 million square feet of commercial real estate with a total capitalization in excess of $3.5 Billion. The company is focused on acquiring high quality, well located, real estate across investment strategies and product types, which include medical office buildings, senior housing, office, retail, industrial, multi-family, hospitals, and more. Our dedicated healthcare real estate platforms present an exciting opportunity for experienced professionals to join our dynamic team and contribute to our continued growth and success.

The Asset Manager Analyst will directly support the associates, VPs, and managing partners 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

Requirements:

• 1-4+ years of experience with an investment sales team, REIT, real estate fund or investment bank is preferred
• Argus Proficiency
• 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

Benefits:

• Competitive salary commensurate with experience.
• Comprehensive benefits package including health, dental, and vision insurance.
• Retirement savings plan with employer match.
• Paid time off and holidays.
• Opportunities for professional development and career advancement within a growing company.