Posted in Accounting 30+ days ago.
PGIM Real Estate is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $70.5 billion ($50.5 billion net) as of March 31, 2019.
PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, please visit http://www.pgimrealestate.com.
Investment Analyst Program
PGIM Real Estate has an Investment Analyst program with positions throughout its US offices. Analysts work with small teams of investment professionals in the Asset Management, Marketing, Portfolio Management, Research, and Transactions units.
PGIM Real Estate currently has an outstanding career opportunity for an Investment Analyst Asset Manager working on industrial assets in the northeast. The role entails collaborating with partners, property managers and leasing brokers on a portfolio of assets that are wholly-owned or in joint ventures. These institutional-quality investments will be located in various markets and may have different risk profiles that range from core to value-add. The ideal candidate will be required to manage both stabilized assets as well as potential redevelopment projects, including: repositioning, lease-up and financing. The asset manager will work in concert with the Transactions team to acquire and dispose of properties. This position is based in PGIM Real Estate’s Madison, NJ office.
Duties & Responsibilities:
Under the direction of senior asset managers, provide general management and direction for a portfolio of industrial properties. This includes frequent contact with and direction of property managers, operating partners or leasing brokers.
Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell.
Participate in negotiation of common real estate contracts, including leases, loan documents, purchase and sale agreement, development service agreements, and property management/leasing agreements.
Monitor the construction process on development investments to ensure quality of construction. Review draw schedules for properties under development.
Review quarterly appraisals for factual accuracy and consistency with other similar properties.
Oversee/assist in the budget process and preparation of the annual strategic plan for each property.
Review periodic property reports and track operating performance. Prepare quarterly updates summarizing results.
Assist the Transactions team on acquisitions and dispositions of properties, as applicable.
Bachelor’s degree in finance or related field required, emphasis in real estate preferred.
1 year of related commercial real estate experience preferred.
Awareness of portfolio goals and ability to initiate plans for individual investments that contribute to these goals.
Understanding of real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements and loan agreements.
Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, recovery of expenses, property types.
Understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.
Understanding of transaction due diligence process.
Ability to use financial and valuation software including Excel and Argus Enterprise.
Ability to perform market research.
Capability of simultaneously handling multiple assignments.
Ability to direct and monitor the activities of others on a systematic basis.
Ability to negotiate acceptable terms with a third party.
Ability to prioritize, multi-task, make thoughtful decisions and execute on objectives.
Must be a strong team player and have strong interpersonal skills.
Strong written and oral communication skills.
Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential.
All candidates must be authorized to work in the United States. Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.