Your Job
Koch Real Estate Investments ("KREI") is seeking an Investment Director to join the team in Dallas, TX or Las Vegas, NV to focus on investments in the gaming and lodging space including the investment in Fontainebleau Las Vegas. KREI is the real estate investment arm of Koch Industries, the second largest privately held company in the US with over $115bn in revenue. Since 2003, Koch has completed over $130bn of acquisitions and investments. KREI is active in the private and public markets and makes financial investments throughout the capital stack. With a proven track record of successful investments, we are committed to excellence and innovation in the real estate industry.
Day to Day Responsibilities
This position will report to the President of KREI and will be located in Dallas, TX or Las Vegas, NV. We are seeking a highly skilled and experienced Director of Real Estate Investment to oversee our investment in a large gaming property in Las Vegas (Fontainebleau Las Vegas). The ideal candidate will have a strong background in real estate investment, particularly in the hospitality sector, and a proven ability to drive financial performance and strategic growth initiatives.
What You Will Do
- Manage all aspects of KREI's investment in Fontainebleau Las Vegas, including additional acquisitions, financing, asset management, and disposition.
- Develop and execute investment strategies to optimize financial performance and maximize returns for stakeholders.
- Oversee asset management activities, including monthly, quarterly and annual budgeting and financial review, key stakeholder meetings and material preparation, and ongoing property operation initiatives and capital improvement projects / approvals.
- Collaborate at all levels with internal teams, external partners, and stakeholders to align investment objectives and drive business growth.
- Conduct thorough industry research, financial analysis, market research, modeling and due diligence to identify new investment opportunities and strategies in the gaming and lodging sector.
- Maintain an intimate level of knowledge of current portfolio operating performance and resourcefully incorporate it into the underwriting process to enhance accuracy.
- Prepare comprehensive reports, presentations, and recommendations for senior management and investors.
A successful candidate will have the following characteristics:
- Self-starter, highly focused and ability to work independently and assist the investment diligence and underwriting process.
- Ability to build trusted relationships and credibility.
- Excellent organizational and communication skills (both verbal and written).
- Humility, collaborative and a team player.
- Entrepreneurial spirit, comfortable with ambiguity, and an ability to think outside the box.
- Integrity and a strong sense of ethics.
- Strong financial modeling skills.
- Intellectual curiosity.
Who You Are (Basic Qualifications)
- Bachelor's degree.
- 7 or more years of experience in real estate investing specifically in the gaming and lodging space.
- Hands-on hospitality transaction due diligence experience including operating metrics and technical performance capabilities.
- Understanding of capital markets and structuring complex real estate.
- Willing and able to spend at least 50% of your time in Las Vegas.
- Experience in preparing operating memorandums and/or detailed valuation presentations.
What Will Put You Ahead
- Bachelor's degree in Accounting, Finance, or Real Estate Finance.
- 10 or more years of real estate underwriting and transactional experience.
At Koch companies, we are entrepreneurs. This means we openly challenge the status quo, find new ways to create value and get rewarded for our individual contributions. Any compensation range provided for a role is an estimate determined by available market data. The actual amount may be higher or lower than the range provided considering each candidate's knowledge, skills, abilities, and geographic location. If you have questions, please speak to your recruiter about the flexibility and detail of our compensation philosophy.
Hiring Philosophy
All Koch companies value diversity of thought, perspectives, aptitudes, experiences, and backgrounds. We are Military Ready and Second Chance employers. Learn more about our hiring philosophy here.
Who We Are
Koch Industries creates and innovates a wide spectrum of products and services that make life better. Our work spans a vast number of industries across the world, including engineered technology, refining, chemicals and polymers, pulp and paper, glass, electronics and many more. Headquartered in Wichita, Kansas, Koch employs 120,000+ employees across the globe.
At Koch, employees are empowered to do what they do best to make life better. Learn how our business philosophy helps employees unleash their potential while creating value for themselves and the company.
Our Benefits
Our goal is for each employee, and their families, to live fulfilling and healthy lives. We provide essential resources and support to build and maintain physical, financial, and emotional strength - focusing on overall wellbeing so you can focus on what matters most. Our benefits plan includes - medical, dental, vision, flexible spending and health savings accounts, life insurance, ADD, disability, retirement, paid vacation/time off, educational assistance, and may also include infertility assistance, paid parental leave and adoption assistance. Specific eligibility criteria is set by the applicable Summary Plan Description, policy or guideline and benefits may vary by geographic region. If you have questions on what benefits apply to you, please speak to your recruiter.
Additionally, everyone has individual work and personal needs. We seek to enable the best work environment that helps you and the business work together to produce superior results.
Equal Opportunities
Equal Opportunity Employer, including disability and protected veteran status. Except where prohibited by state law, some offers of employment are conditioned upon successfully passing a drug test. This employer uses E-Verify. Please click here for additional information.
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