The Acquisitions Associate will work closely with the Acquisition Team to identify, source, underwrite and ultimately acquire new investment opportunities within the retail sector. Being a position of required production, a strong sense of urgency, ability to interface with principals and brokers, personal motivation, responsibility, and entrepreneurship is paramount.
This is both a qualitative and quantitative position, strong math and written skills are necessary.
Primary responsibilities include the following:
Prepare and update financial models in Excel and/or Argus for potential acquisitions including analysis of leasing, financing, development and joint venture decisions and internal rate of returns, cash-on-cash returns, and various other return metrics.
Coordinate with brokers and/or joint venture partners to gather all necessary materials for target acquisitions.
Develop preliminary opinion on potential acquisition target valuation incorporating all provided materials.
Work with senior acquisition members to present investment opportunities at weekly acquisition meetings.
Compile and review third-party market research for target markets and properties including leasing void analysis and potential targets for site-specific value-add
Identify and contact via phone and email the owners of potential acquisition sites.
Coordinate and assist with asset due diligence process, including interfacing with third-party vendors, brokers, property managers and potential lenders.
Generating new and extensive database for the purpose of deal origination within the brokerage world at a wide range of price points.
Prepare internal investment committee presentation and assist pitching them as part of the acquisition process.
Assist in the due diligence and closing process.
All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
Candidates must have a minimum of two years real estate experience.
Expert proficiency in Microsoft Excel.
Basic proficiency with ARGUS is not a requirement but strongly encouraged.
Experience with financial modeling with an understanding of basic finance concepts such as NOI returns, DSCR, cash flow returns, internal rate of return, and present value.
Comprehension of real estate terms and concepts such as net/gross leases, CAM, CAM reconciliations, contracts, rents/percentage rents, operating expenses, capital expenditures, recovery of expenses and property types.
Strong writing skills as well as verbal interpersonal/communication skills.
Organizational skills and attention to detail, with the ability to prioritize and manage multiple projects simultaneously.
Ability to function both in a team-oriented setting and independently.
Internal Number: 2000060
About Poline Associates
Poline Associates is an international executive search firm specializing in the shopping center industry.We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.