What are the responsibilities and job description for the Investment Associate position at Stellar Management?
The Investment Associate will have the opportunity to work on multifamily, office, and retail real estate equity and debt investments, primarily in New York City (and opportunistically, outside of New York City). The Associate will play a crucial role with respect to deal underwriting, due diligence, asset management / execution of business plans, capital markets transactions, and asset dispositions. The Associate will work closely with Vice Presidents and will benefit from regular engagement with Principals and other senior management team members. The Associate will be expected to perform rigorous, thoughtful, and accurate analyses to support a strong new investment pipeline and a multitude of asset-level operational and development initiatives.
About Stellar Management
Founded in 1985, Stellar Management is a New York City based real estate investment and management firm. With over 13,000 apartments, approximately 2 million square feet of office space, and 1.8 million square feet of retail space under the firm’s corporate umbrella, Stellar is an active market player focused predominantly on New York City. Since its inception, Stellar has built a superior track record of owning and operating properties for a diverse array of residential, office and retail users. Stellar Management employs a direct, hands-on approach to value investing by marrying its best-in-class management operation with in-house construction and development teams. The vertical integration of ownership, development and management is a central tenet of the firm’s investment philosophy and enables Stellar to quality control every step of the investment and execution process.
The primary responsibilities of the Investment Associate are as follows :
- Developing transaction specific financial models and investment memorandums to review, screen, and present new real estate equity and debt investments, and to analyze complex JV / partnership waterfall structures and capital structure / budgeting scenarios
- Assist in all aspects of asset management, including : leasing, developing property budgets and formulating long-term asset strategies, including producing sensitivity analyses and other ad-hoc analyses for ongoing strategic initiatives and exit strategy planning / execution
- Assisting the investment team with executing transaction-related activities such as dispositions, major lease analyses, recapitalizations, and refinancing
- Review deal-level operating / financial performance, perform variance analysis and report on operating / capital project status
The candidate must have the following :