POSITION SUMMARYThis position is responsible for supporting SVP of Asset Management for all aspects related to the financial, operational, and implementation oversight of comprehensive value-add transactions for the AREP portfolio.
This position reports to the SVP, Asset Management. It is based at our McLean, VA headquarters and has an in-office schedule.
Primary Responsibilities - Perform complex financial analysis modeling for assets within the manager's portfolio.
- Build, maintain, and update Argus and Excel valuation analysis models on a quarterly basis.
- Assist, coordinate, and manage the pre-development development budgeting process, including reforecasts and quarterly spend versus commitment cash flows for the projects by strategically working with the capital markets, construction, and property management departments.
- Complete ad hoc project-level analysis sensitivities for prospective leasing, investment strategy, debt tracking, recapitalizations, re-financings and dispositions including joint venture waterfalls.
- Benchmark return performance against underwriting for investment strategy decision-making
- Participate in regular operations, leasing, and market discussion with construction and leasing/marketing teams.
- Assist the SVP of Asset Management with weekly communication updates with operating partners regarding asset performance related to operations, leasing, and approval requests
- Help prepare the draw requests on a monthly basis during the pre-development period and review the draw requests to lenders
- Possess and maintain an up to date understanding on the data center market landscape and the trends impacting it with regards to fiber, water, power & entitlements
- Participate in aspects of the due diligence process during the financing or disposition of assets including informational and analytic requests from the SVP, internal capital markets teams, brokers and prospective lenders.
- Provide assistance in business plan execution including leasing, asset repositioning, capital projects, budgets, tenant relations and marketing.
- Operate as a mentor to Associates.
Key Qualifications & Competencies: - Bachelor's Degree in math, real estate, business finance, economics, political science or related areas, or additional significant relevant working experience in lieu of degree.
- 5+ years of development experience in the commercial real estate industry. Candidates with real estate financial experience in the data center industry are strongly encouraged to apply.
- Demonstrated knowledge of development, leasing and construction processes and concepts.
- Strong technical skills in the Microsoft Office suite. High proficiency in Word, Project Management, and Excel. Experience in Argus and financial modeling is required. Experience in Yardi highly preferred.
- Proven experience with office/multifamily or data center financial modeling.
- Excellent written communication, verbal and analytical skills necessary to communicate with internal and external partners.
- Ability to work in a fast-paced, entrepreneurial environment as a hands-on contributor.
- Strong time management skills, attention to detail, and commitment to getting the job done.
