Arena Capital
Commercial Real Estate Acquisitions Manager at Arena Capital Miami-Dade County,
Arena Capital, Florida, New York, United States
Job Description
We are a unique Commercial Real Estate Investment & Development Corporation looking for a dynamic, high energy, self-starter, and ambitious individual who is looking to grow with the company and create a long term career.
We are looking for someone hard working, people person, problem solver, results oriented, friendly, self-motivated, organized, wants to make money, is persistent, and determined. Must be a team player and loves the art of negotiation. We are a growing company that provides plenty of opportunities to our team members.
We are looking for an individual that will be searching for shopping centers to purchase, lease, sell, and manage, from sourcing the properties, underwriting, due diligence, and closing of the deals. This person will also have to interact with property owners, brokers, bankers and doing what it takes to manage multimillion dollar assets.
Manager will also have the ability to have % ownership on new company acquisitions and they will be involved in acquisition, management, leasing, and disposition of company projects.
THE MANAGER WILL HAVE POTENTIAL UPSIDE PARTICIPATION ON NEW COMPANY ACQUISITIONS!!!!!!
ESSENTIAL DUTIES AND RESPONSIBILITIES
Manage and oversee all analyst functions of the investment process
Review underwriting, investment memos, and running the due diligence/closing process
Co-sourcing involves creating and maintaining relationships with principals and investment sales brokers, tracking pipeline of potential investment opportunities, and screening deals based on Cardone Capital's investment criteria
Partners directly with lenders (agency, bank, debt fund) to source, evaluate, and close the optimal form of debt capital for each investment opportunity
Prepare financial modeling and underwriting for real estate acquisitions
Develop new or auditing of existing excel models
Present and discuss financial models to senior members of management, banks and brokers
Maintain acquisition funnel and deal database
Compilation of market data and sales info for meetings, quarterly reports, presentations and offering memorandums
Compile property and debt data for meetings, inquiries, etc.
Assist writing proposals, presentations and investment memorandums
Assist with transaction due diligence, including coordinating third-party vendors
The position will have exposure to all facets of real estate transactions with an opportunity for substantial involvement
Research and analyze markets to understand areas of growth, major employers, major transportation projects, heavily trafficked corridors, and retail sub-markets.
Identify and analyze real estate opportunities for existing and prospective tenants that meet established criteria.
Ability to analyze and confirm the zoning of a property and the permitted uses.
Present new opportunities to tenants and clients via presentations, phone, and / or market tours.
Work in close partnership with the Ownership to analyze feasibility plans, site plans, draft Letters of Intent (LOIs) and contracts.
Oversee the negotiation of purchase contracts and other legal agreements, as required.
Collaborate with engineers, architects etc. to determine the specifications of the project, reviewing documents for accuracy and constructability.
Receive bids/estimates and negotiate contracts with contractors.
Conduct routine meetings, evaluate progress, schedules and prepare detailed reports
Prepare detailed approval packages for internal and external investment committees.
Develop and maintain company reports, trackers, and databases, as needed
Assist with special projects as requested and performs additional duties as required.
Must be self-motivated, disciplined and organized
Must have knowledge of the Florida market
Must be willing to grow with the Company
Ability to work under pressure, in a time sensitive environment.
REQUIRED SKILLS AND QUALIFICATIONS
At least four (4) years of commercial real estate acquisitions experience. Experience with retail real estate acquisitions preferred.
Passion for Real Estate.
Entrepreneurial, open mindset; self-starter – ability to work well alone and with others.
Extremely organized with meticulous attention to detail and follow-through.
Accomplished in Scheduling and Estimating is required
Independent decision making, problem solving, critical thinking and analytical skills
Ability to coordinate numerous projects simultaneously
Must be willing to travel ~ amount of travel will fluctuate depending on projects
Must be self-motivated, disciplined and organized
Must have knowledge of the Florida market
Must be willing to grow with the Company
Previous experience with multifamily or commercial property investments
Must be proficient in excel
Ability to work under pressure, in a time sensitive environment.
Passion for Real Estate.
Specialized in Shopping Center or Multifamily Management.
3 + 5 years of experience in Acquisitions, Sales and Leasing.
Bilingual is a plus
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We are looking for someone hard working, people person, problem solver, results oriented, friendly, self-motivated, organized, wants to make money, is persistent, and determined. Must be a team player and loves the art of negotiation. We are a growing company that provides plenty of opportunities to our team members.
We are looking for an individual that will be searching for shopping centers to purchase, lease, sell, and manage, from sourcing the properties, underwriting, due diligence, and closing of the deals. This person will also have to interact with property owners, brokers, bankers and doing what it takes to manage multimillion dollar assets.
Manager will also have the ability to have % ownership on new company acquisitions and they will be involved in acquisition, management, leasing, and disposition of company projects.
THE MANAGER WILL HAVE POTENTIAL UPSIDE PARTICIPATION ON NEW COMPANY ACQUISITIONS!!!!!!
ESSENTIAL DUTIES AND RESPONSIBILITIES
Manage and oversee all analyst functions of the investment process
Review underwriting, investment memos, and running the due diligence/closing process
Co-sourcing involves creating and maintaining relationships with principals and investment sales brokers, tracking pipeline of potential investment opportunities, and screening deals based on Cardone Capital's investment criteria
Partners directly with lenders (agency, bank, debt fund) to source, evaluate, and close the optimal form of debt capital for each investment opportunity
Prepare financial modeling and underwriting for real estate acquisitions
Develop new or auditing of existing excel models
Present and discuss financial models to senior members of management, banks and brokers
Maintain acquisition funnel and deal database
Compilation of market data and sales info for meetings, quarterly reports, presentations and offering memorandums
Compile property and debt data for meetings, inquiries, etc.
Assist writing proposals, presentations and investment memorandums
Assist with transaction due diligence, including coordinating third-party vendors
The position will have exposure to all facets of real estate transactions with an opportunity for substantial involvement
Research and analyze markets to understand areas of growth, major employers, major transportation projects, heavily trafficked corridors, and retail sub-markets.
Identify and analyze real estate opportunities for existing and prospective tenants that meet established criteria.
Ability to analyze and confirm the zoning of a property and the permitted uses.
Present new opportunities to tenants and clients via presentations, phone, and / or market tours.
Work in close partnership with the Ownership to analyze feasibility plans, site plans, draft Letters of Intent (LOIs) and contracts.
Oversee the negotiation of purchase contracts and other legal agreements, as required.
Collaborate with engineers, architects etc. to determine the specifications of the project, reviewing documents for accuracy and constructability.
Receive bids/estimates and negotiate contracts with contractors.
Conduct routine meetings, evaluate progress, schedules and prepare detailed reports
Prepare detailed approval packages for internal and external investment committees.
Develop and maintain company reports, trackers, and databases, as needed
Assist with special projects as requested and performs additional duties as required.
Must be self-motivated, disciplined and organized
Must have knowledge of the Florida market
Must be willing to grow with the Company
Ability to work under pressure, in a time sensitive environment.
REQUIRED SKILLS AND QUALIFICATIONS
At least four (4) years of commercial real estate acquisitions experience. Experience with retail real estate acquisitions preferred.
Passion for Real Estate.
Entrepreneurial, open mindset; self-starter – ability to work well alone and with others.
Extremely organized with meticulous attention to detail and follow-through.
Accomplished in Scheduling and Estimating is required
Independent decision making, problem solving, critical thinking and analytical skills
Ability to coordinate numerous projects simultaneously
Must be willing to travel ~ amount of travel will fluctuate depending on projects
Must be self-motivated, disciplined and organized
Must have knowledge of the Florida market
Must be willing to grow with the Company
Previous experience with multifamily or commercial property investments
Must be proficient in excel
Ability to work under pressure, in a time sensitive environment.
Passion for Real Estate.
Specialized in Shopping Center or Multifamily Management.
3 + 5 years of experience in Acquisitions, Sales and Leasing.
Bilingual is a plus
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