What are the responsibilities and job description for the Acquisitions Associate position at Veritas Partners?
Our client is a real estate investment fund with a national reach. They're currently seeking an Acquisitions Associate to join their commercial real estate team focused on Office, Retail and Mixed-Use acquisitions.
RESPONSIBILITIES:
• Assist in evaluating new acquisitions and developments as well as executing existing projects in portfolio, including periodic travel to our target markets and assets;
• Conduct acquisition and development underwriting, due diligence, leasing, reporting, operating and capital budgets, financings, and hold-sell analyses;
• Work with external venture partners and internal staff to oversee asset and property level management decisions, including staffing and budgetary review and approval, leasing strategy, operational oversight, lender compliance and reporting;
• Apprentice deal lead’s in the negotiation and/or review of various legal documents, including transactional, leasing and service agreements, as well as risk management and loan agreements;
• Assist with arranging and closing debt financing for acquisitions and development;
• Create memos for presentation to investment committee, potential investors and partners;
• Work on broad range of initiatives, including sector and market research, as well as PropTech and ESG initiatives to implement best practices and enhance portfolio value;
• Collaborate with development and construction managers and project consultants to execute capital projects and tenant buildouts with attention to market and leasing positioning, budget, finish detail and schedule;
• Streamline information and report regularly to senior management to aid in strategic decision-making at the deal and partnership level;
QUALIFICATIONS:
• Bachelor’s Degree with excellent academic credentials;
• 3-7 years of relevant work experience in commercial real estate, particularly in an institutional atmosphere, ideally with commercial office acquisitions and/or asset management focus;
• Demonstrated proficiency in real estate financial analysis and commercial leases;
• Ability to analyze qualitative and quantitative information and translate into strategic deliverables;
• Excellent written and oral communication skills;
• Strong proficiency with Excel, PowerPoint, Word and ARGUS
