Platform Ventures, LLC (“Platform”) manages and invests in real estate, real estate-related assets, real estate technologies and real estate-focused companies located throughout the United States. Platform’s experienced team seeks to add value to client portfolios by applying its knowledge of the long-term cycles and macro-economic trends that shape the real estate market in order to create price-to-value dislocations.
Primary Duties & Responsibilities
- Create financial models to evaluate potential real estate investment opportunities; models include: Project, portfolio and fund level performance
- Argus output (or other source data)
- Structured finance
- Equity waterfalls
- Sensitivity analysis
- Summarize and present findings and recommendations succinctly.
- Draft internal and external memos and pitchbooks.
- Build matrices to compare investment options, including narratives of respective strengths & weaknesses.
- Maintain financial templates and assist in the abstraction of unique financial circumstances on new deals for use by asset managers to ensure a smooth on-boarding of acquisitions.
- Provide analytical assistance to support asset managers with refinance and disposition decisions.
- Assist in all aspects of the due diligence process for new acquisitions, including the review of leases, estoppels, CC&R’s, reconciliation of historical financial statements to pro forma, and reconciliation and analysis of operating expense reimbursements to ensure accurate underwriting of the acquisitions, and identify opportunities to unlock value post-acquisition.
- Assist with physical due diligence (including reviewing contracts, preparing budgets, and managing consultants) of potential acquisitions.
- Interact with various third-party service providers – brokerage, lender, legal, title, insurance, property management, general contractors, engineering, environmental, etc.
- Market Research
- Perform market research to determine/verify a project’s economics and to verify assumptions used in models.
- Identify and outline real estate macroeconomic conditions, as well as research and understand financial operations of specific properties, and the impact of regional market supply/demand conditions.
- Cultivate broker relationships for market information.
- Capital Formation
- Act as a liaison to:
- Lenders – assist with debt procurement and loan document negotiations.
- Joint Venture Partners – assist with joint venture negotiations with current and prospective partners.
- Capital Partners – assist with requests from current and prospective investors in our various investment vehicles.
- Investor Reporting
- Analyze historic performance for current and prospective investors.
- Update financial models with actual data to evaluate investments.
- Assist accounting and investor relations functions with various investor requests.
- M&A
- Analyze opportunities at the operating company level.
- While all investments at Platform are real estate related, several are at the operating company level.
- Transactions include acquisition of mature businesses, but also de novo start-ups.
- Tasks will be similar to real estate level investments, but include additional modeling, due diligence, market research, and reporting requirements.
Requirements
- Bachelor’s/Master’s degree in Finance, Real Estate or a related field.
- One to three years of work experience in a related field; internship experience is considered.
- Development experience is a plus.
- Demonstrated analytical skills and underwriting-related experience, preferably with all commercial property types.
- Strong computer skills, including in-depth expert knowledge of Microsoft Office (Excel, Word, PowerPoint, etc.) and software in relation to real estate (Argus, CoStar, RCA, etc.)
- Strong organizational skills with the ability to multi-task while under pressure.
- Client service oriented.
- Demonstrated ability to work independently.
- Demonstrated work ethic.
- Demonstrated ability to handle multiple projects and assignments; able to prioritize and meet deadlines.
- Effective oral and written communication skills.
- Problem-solving skills to reflect level of responsibilities.
- Ability to maintain sensitive and confidential information.
- Ability to maintain a positive attitude in all situations.
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