Associate-Transactions

Job Description:

The Associate – Transactions provides ongoing management of real estate transaction activities in a defined market. The Associate – Transactions responsibilities will include, but not be limited to, oversight of the entire transaction process from client project approval through delivery and close out process, coordination with internal client teams, and management of field brokerage professionals. The Associate – Transactions will also serve as the in-house point-of-contact for clients, brokers, and others to collect or to provide information on all account transactions. 

Essential Job Duties:

• Working closely with brokers, participate in and strategize for formal presentations (RFP's) for various Private and Institutional (REIT, Pension Fund, etc.) clients

• Working closely with brokers, manage entire marketing, negotiation, due diligence and closing process of multiple listings with major national and regional clients

• Identify and approach prospective sellers/investors/purchasers of multifamily assets in target market

• Identify multi-family assets (150 units and above, Development sites, etc.) for potential disposition using various forms of research

• Conduct formal property tours with regional and national clients on a regular basis

• Organize transaction documents, assemble and track due diligence items on properties during the disposition process

• Provide assistance and leadership support to investment analysts and marketing personnel

• Respond to prospective purchasers' information requests (i.e., send updated financials, sales master, pipeline, detailed underwriting questions)

• Conduct in-depth market research, cutting edge analysis and underwriting for a full range of multifamily assets types including existing apartment properties (over 150 units), land development, fractured condominiums, for some of the largest owners of multifamily properties in the U.S.

• Demonstrate understanding of operations, rent roll and operating statement analysis, DCF modeling and a range of finance (debt/equity) options

• Assist in the research, drafting and proof reading of marketing proposals, investment offerings and presentations for national and regional clients

• Assist in research, analysis, drafting and proof reading of various research assignments, market "white" papers, etc.  Must demonstrate a broad and specific knowledge of macro and micro elements affecting multifamily industry locally and nationally

• Update various informational spreadsheets and database files including sales and development pipeline data

• Oversee analyst and marketing personnel's research, underwriting and analysis

• May perform other duties as assigned

Skills, Education and Experience:

• Master’s degree in real estate or MBA in Finance required

• Minimum of 1 year related work experience

• Real Estate License required for commission eligibility (if not licensed must obtain within 6 months of hire)

• Excellent oral and written communications skills

• Strong knowledge of Microsoft Office including proficiency in Excel, PowerPoint, Outlook etc

• High degree of professional customer service to both internal and external parties

   

Working Conditions: Normal working conditions with the absence of disagreeable elements

Salary Range Language: 

The expected base salary for this position ranges from $75,000 to $80,000 annually.  The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.). 

Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.