Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.
About the job
Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.
Job Summary:
The Associate will work closely with the team to execute acquisitions for both equity and debt investment opportunities of all asset classes across the risk-reward spectrum. The Associate will partner with junior and senior-level professionals on various projects at all stages of the investment process.
Responsibilities:
- Create sophisticated financial models of new acquisitions and developments, utilizing both Microsoft Excel and Argus.
- Prepare comprehensive materials to be shared with relevant internal and external stakeholders.
- Conduct market research and due diligence on a variety of potential investment opportunities in various real estate sectors with a primary focus on multifamily and office.
Top Competencies
- Analytical: Independent ability to conduct complex analyses.
- Organizational Skills: Detail oriented, proactive, efficient, strategic, ability to multitask. Able to complete defined scope and anticipate some likely follow-up. Able to take several sequential steps toward completion with less guidance.
- Knowledge of the Real Estate Industry: Familiarity with various product types & investment structures. Has advanced knowledge of a wider variety of documents/concepts.
- Tech Savvy: Strong ability to utilize systems to support decision making, efficiently execute and use short cuts, present a strong narrative in Powerpoint. Including but not limited to: Yardi Matrix, Costar, Chatham Direct (debt platform), Excel, Powerpoint, Argus
- Teamwork/Network Building/Interpersonal Savvy: Cooperates and works effectively with others. Productive relationships exist.
- Communicates Effectively: Communicates effectively, both verbally and in writing, with Internal and External Stakeholders. Presents a clear argument on straightforward topics. Requires guidance from superiors on articulating more complex ideas.
Experience and Education
- 2-5 years of experience working in real estate finance, acquisitions, or investment banking
- Bachelor's degree. Major in real estate, finance, accounting, or economics preferred
- Passion for real estate and finance
The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).
Bonus eligible.
Pay Range
$110,000—$150,000 USD
The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).
Bonus eligible.
Skills Required
- 2-5 years of experience in real estate finance, acquisitions, or investment banking
- Bachelor's degree
- Major in real estate, finance, accounting, or economics
- Knowledge of real estate product types and investment structures
- Ability to conduct complex analyses independently
- Proficiency with Microsoft Excel, PowerPoint, and Argus
- Familiarity with Yardi Matrix, CoStar, and Chatham Direct
- Strong written and verbal communication skills
What We Do
RXR an innovative investor, developer and place-maker committed to applying a customer and community-centered approach to building properties, services, and products that create enduring value for all stakeholders. Headquartered in New York with a national platform strategy, RXR is a 500+ person, vertically integrated operating and development company with expertise in a wide array of value creation activities, including ground up real estate, infrastructure, and industrial development, uncovering value in underperforming properties, repurposing well-located iconic properties, incorporating cutting edge technologies and value-added lending. The RXR platform manages 84 commercial real estate properties and investments with an aggregate gross asset value of $22.4 billion, comprising approximately 30.3 million square feet of commercial properties, a multi-family residential portfolio of approximately 6,900 units under operation or development, and control of development rights for an additional approximately 2,900 multi-family and for-sale units.
