Commercial Real Estate Analyst

Commercial Real Estate Analyst

We are seeking an organized and detail-oriented Commercial Real Estate Analyst, focused on retail, to join our team. The ideal candidate will possess strong communication skills and the ability to manage multiple tasks efficiently. This role supports lease administration and loan diligence and compliance functions, focusing on lease and loan document review, coordination, and tracking related to commercial leasing actions and lender requirements. The Commercial Real Estate Analyst will collaborate with cross-functional teams and senior leaders, as well as external partners such as legal counsel, lenders, and financial partners.

The Commercial Real Estate Analyst will report to the Manager, Real Estate Analytics.

What to Expect

• Read, interpret, and abstract lease and loan documentation.
• Prepare summaries, abstractions, and reports to support lease and loan-related analysis.
• Support the review and tracking of consent requirements applicable to leasing actions in loan and joint venture documents.
• Coordinate communications with lenders and partners to obtain consent for leasing actions under the direction of senior team members.
• Track the status of lender and partner consents and communicate updates to internal stakeholders.
• Assist in abstracting and preparing lease data for tenant estoppels and SNDAs in connection with new loans and refinancings.
• Prepare and organize lease files and lender due diligence materials.
• Maintain data related to lender consent requirements and lender contacts.
• Update and maintain information in Salesforce related to lender consent requirements and approval status.
• Assist with lease review during due diligence and onboarding in connection with real estate acquisitions.
• Collaborate with cross-functional team members on projects and initiatives.
• Support the Tenant Audit Program by coordinating administrative and operational efforts, including working with internal teams and external auditors to facilitate audit activities.

Initial Success and Day-to-Day Responsibilities

In the first year, the Commercial Real Estate Analyst will develop a strong understanding of WS Development's lease administration and lender coordination processes. Initial success will be demonstrated through effective tracking of leasing actions, accurate documentation, timely communication with internal and external partners, and reliable support of senior team members. Every day offers a new opportunity to learn and develop skills in commercial real estate. No two days are alike. Your primary responsibility will be reviewing lease documents and existing loan agreements to determine when lender and/or partner approval is required. You will serve as the main liaison to our lenders, notifying them of pending documents, coordinating approval requests, and providing supporting information. During refinancings, acquisitions, and dispositions, you will help prepare estoppels and coordinate with tenants to obtain signatures. You will also play an active role in improving processes for the Lease Compliance team, using AI and our real estate software, MRI, to support accurate reporting and more efficient workflows.

Potential for Growth and Longer-Term Success

At WS Development, we prioritize the growth and development of our team members. As a Commercial Real Estate Analyst, you will have numerous opportunities to expand your skills and advance your career.

Initially, you will focus on real estate analysis, lease administration, and loan/mortgage coordination. You will develop expertise in MRI real estate software and Salesforce, while taking on additional responsibilities. As you progress, you will enhance your analytical skills and tackle more complex responsibilities.

Looking ahead, you will have the opportunity to take on increased responsibility and ownership within the function, deepen your subject-matter knowledge, and serve as a trusted resource for internal partners. Your career path at WS Development is not limited; you can explore various avenues for advancement. Continuous learning and professional development will be encouraged, with opportunities.

At WS Development, your growth potential is boundless, and we are dedicated to providing you with the resources and support needed to achieve your career goals.