Associate, Asset Management
Company: CrossHarbor Capital Partners
Location: Boston
Posted on: June 25, 2022
Job Description:
CROSSHARBOR CAPITAL PARTNERS - JOB DESCRIPTIONLocation:Boston,
MassachusettsPosition:Associate, Asset ManagementCompany
Description:CrossHarbor Capital Partners is a real estate focused
private equity firm that invests in a wide variety of opportunistic
and value-oriented commercial real estate transactions where the
conditions exist for compelling absolute returns over a short and
medium duration. The firm invests throughout the United States in
single property transactions and multiple property portfolios
whereby the investment strategies are based on property-level
operational enhancements as well as those with pricing advantages
that arise from distressed, complex, and dislocated scenarios.The
firm's investments are structured in numerous capital forms
including joint venture equity, preferred equity, mezzanine loans,
and transitional first mortgages. Since 1993, the firm has invested
in more than $21 billion of commercial real estate on behalf of a
diversified and highly regarded group of endowments, foundations,
public and corporate pension plans, financial institutions, family
offices, and sovereign entities.Responsibilities:The primary
responsibility will be to lead the analytical modeling and analysis
to support the asset management team in executing the business
plans for assets that the firm owns (in conjunction with senior
management professionals). Responsibilities include the
following:
- Develop, maintain, and analyze comprehensive financial models,
integrating both historical and proforma information, evaluate
ongoing operating performance relative to underwriting and perform
sensitivity analysis based on various scenarios.
- Monitor and evaluate the performance of the competing
properties, sub-market fundamentals and market research analysis,
including tracking comparable sale and lease transactions.
- Maintain internal Argus models for office, industrial and
retail assets, updating frequently based on rent roll and
assumptions adjustments.
- Assist in the review and processing of construction loan
draws.
- Ensure accurate and timely preparation of monthly, quarterly,
and annual reporting packages and investment performance
reviews.
- Strategize with team members and joint venture partners to
develop strategies to maximize revenue, reduce expenses and
capitalize on market dynamics.
- Interfacing with senior asset management staff, joint-venture
partners, borrowers, lenders and the brokerage community.
- Assist in periodic property site inspections to ensure property
performance and maintenance.Qualifications:Candidates should have
broad-based analytical skills, superior capabilities in cash flow
modeling, sound research abilities and outstanding communication
skills.
- A Bachelor's degree is required, with a preference for
candidates concentrating in real estate, finance and/or
accounting.
- Approximately 3 to 5 years of related experience with exposure
to the commercial real estate industry.
- Exceptional financial analysis and modeling skills utilizing
Microsoft Excel and Argus.
- Ability to manage multiple tasks and effectively meet
deadlines.
- Team player with the ability to work independently and under
pressure in an entrepreneurial environment.
- Outstanding level of attention to detail, accountability,
integrity, and ethics.
- Self-motivated, energetic, and positive individual with strong
oral and written communication skills.CrossHarbor Capital Partners,
LLC is an equal employment opportunity employer. All employment
decisions and personnel actions at CrossHarbor are administered
without regard to race, color, religion, creed, national origin,
ancestry, gender, age, disability, sexual orientation, gender
identity and expression, genetic information, veteran status,
military service, or any other category or class protected by
federal, state, or local laws. CrossHarbor is committed to
diversity in its most inclusive sense.
Keywords: CrossHarbor Capital Partners, Boston , Associate, Asset Management, Executive , Boston, Massachusetts
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