Role & Responsibilities
Buchanan Street Partners, a national real estate investment manager based in Newport Beach, CA, seeks an investment professional to assist with making institutional-quality property investments. The position will report to a partner manager and functions will include:
- Sourcing and underwriting Multifamily investments in Buchanan’s Western U.S. target markets:
- Cash flow modeling
- Analysis of market data and trends to develop underwriting assumptions
- Identification and analysis of comparable sales
- Preparation of investment summaries, proposals, committee memoranda
- Conduct and management of due diligence processes
- Execution of transaction closings
- Assistance with transaction financing, including preparation of financing memoranda, providing lender due diligence materials, analysis of competing bids, and closing coordination
- Remaining abreast of target market property fundamentals, including employment trends, net absorption, new construction, vacancy and rental trends and capital markets activity; periodic summaries of research to develop and support investment theses
- Maintaining strong broker and property owner relationships through active participation in target markets, including attendance at industry events
- Active coordination with portfolio managers and asset managers in team-oriented approach to business plan development, underwriting assumptions, due diligence and closing
Required Background & Skills
The successful applicant will have 3-5 years of directly relevant experience with a real estate investment company. A 4-year degree is required (business/economics major preferred); any graduate work is a plus. The selected candidate will have the following skills:
- Prior investment experience in Buchanan’s target markets along with existing relationships
- Extensive experience modeling real estate investments, including “waterfall” cash flows, and carried interest structures in Excel
- Strong writing and presentation preparation skills
- Team orientation, “extra mile” work ethic, firm culture contributor/carrier
Title & Compensation
To be determined; commensurate with skills and experience
Contact
Shana Baker, Vice President – 949-717-3162, sbaker@buchananstreet.com
For more information on Buchanan Street Partners, please visit www.buchananstreet.com.