Investment Associate
1 month ago
Storage Rentals of America is seeking a highly skilled Investment Associate to join our team. As a key member of our investment team, you will be responsible for performing all aspects of underwriting and due diligence for real estate transactions.
Key Responsibilities- Prepare underwriting of commercial real estate properties based on historical financial statements, projections, and market standards to determine a projected income, value, and loan amount.
- Model in-place and prospective portfolio performance including investor returns (promotes, waterfalls, and catchups).
- Assist with all due diligence relating to new investments.
- Gather site, neighborhood, and city data including demographics, sales and rent comparables, absorption surveys and occupancy studies.
- Prepare investment memos to be presented to lenders and investment committees.
- Provide loan closing coordination including collecting due diligence items, reading third party reports, coordinating with all parties including borrowers, lenders, and legal counsels, and acting as liaison with the servicing department.
- Monitor and analyze the financial performance of the portfolio and individual properties.
- Prepare investment reports in compliance with company guidelines and investor requirements. These reports include analysis of the borrower, property, underwriting, valuation, location, market, leases/rent roll, photographs, aerials, maps, etc.
- Assist with financing and disposition transactions.
- Bachelor's degree, preferably with a major in Real Estate, Finance, or Accounting.
- Three to five years of related experience, Commercial Real Estate experience preferred.
- Ability to interpret and review purchase agreements, closing statements, appraisals, tax forms, surveys, lease agreements, and title documentation.
- Demonstrated analytical skills and underwriting related experience, preferably with all commercial property types.
- Strong computer knowledge and skills including in-depth expert knowledge of Microsoft Office (Excel, Word, & PowerPoint).
- Ability to prioritize and multi-task in a fast-paced environment to meet deadlines.
- Ability to handle confidential information in a discreet, professional manner.
- Eye for detail, accuracy is imperative.
- Ability to be an effective team member and display initiative.
- Excellent verbal and written communication skills
- Ability to work long hours, including some nights and weekends.
- Competitive pay with bonus potential
- Zayzoon – on demand pay option
- 100% paid medical options for employee only coverage
- Dental and vision plans for optimal care
- Eight (8) paid holidays
- Generous Paid Time Off (PTO) to recharge and relax, increasing with years of service
- Paid Maternity and Parental Leave for growing families
- 401(k) with a substantial employer match and 100% immediate vesting
- Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Dependent Care Flexible Spending Accounts (DCFSA) for tax-advantaged savings
- GAP Insurance for added financial protection
- Employer-paid Life Insurance and Long-Term Disability (LTD) coverage
- Storage Discounts to help you declutter and organize
- Access to Voluntary Benefits for personalized coverage
- Learning and development opportunities to maximize your potential, empowering you to excel in your career
- Experience a great culture that values collaboration, innovation, and inclusivity
Storage Rentals of America is an Equal Opportunity employer and uses the federal government E-Verify system to verify employment eligibility.
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