Investment Associate

Prudential

(Madison, New Jersey)

Full Time

Job Posting Details

About Prudential

As one of the world’s largest financial services companies, Prudential’s individual and institutional customers rely on us to protect and grow their financial well being.

Responsibilities

* Under the direction of senior asset managers, provide general management and direction for a portfolio of multifamily and mixed use properties.  This includes frequent contact and direction with property managers, operating partners or leasing brokers
* Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell
* Negotiate contracts with property management and leasing firms as appropriate
* Negotiate leases as appropriate
* Review quarterly appraisals for factual accuracy and consistency with other similar properties
* Prepare and/or review periodic internal reports prepared and respond to information requests from the home office
* Oversee or 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
* Provide assistance to the transaction team for both the acquisition and disposition of properties
* Understand general multifamily trends and individual property markets and submarkets

Under the direction of senior asset managers, provide general management and direction for a portfolio of multifamily and mixed use properties. This includes frequent contact and direction with property managers, operating partners or leasing brokers
Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell
Negotiate contracts with property management and leasing firms as appropriate
Negotiate leases as appropriate
Review quarterly appraisals for factual accuracy and consistency with other similar properties
Prepare and/or review periodic internal reports prepared and respond to information requests from the home office
Oversee or 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
Provide assistance to the transaction team for both the acquisition and disposition of properties
Understand general multifamily trends and individual property markets and submarkets

Ideal Candidate

* Bachelors degree required, finance or real estate emphasis preferred 
* Candidates must have at least 3 years of related real estate experience
* Experience working on multifamily properties, development projects and working with joint venture partners is a plus
* Understanding of key real estate agreements including leases, purchase and sales 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 Word, Excel
* Experience using Argus and Resolve is a plus
* Ability to perform market research 
* Strong interpersonal, communication and presentation skills
* Capability of simultaneously handling multiple assignments
* Ability to direct and monitor the activities of others on a systematic basis

Bachelors degree required, finance or real estate emphasis preferred
Candidates must have at least 3 years of related real estate experience
Experience working on multifamily properties, development projects and working with joint venture partners is a plus
Understanding of key real estate agreements including leases, purchase and sales 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 Word, Excel
Experience using Argus and Resolve is a plus
Ability to perform market research
Strong interpersonal, communication and presentation skills
Capability of simultaneously handling multiple assignments
Ability to direct and monitor the activities of others on a systematic basis