Cullinan is currently seeking a full-time VP of Investments in our Burr Ridge office with responsibility of the expansion of our portfolio of retail, multi-family, and mixed-use assets as well as new ground-up development and re-development opportunities. This role will provide exposure to a variety of real estate investments, including retail, mixed-use, multifamily, office, and healthcare properties, and will span various risk profiles, transaction structures, and geographic regions. The position offers a fast-paced work environment in a dynamic organization with specific responsibilities varying day-to-day across projects.
Responsibilities
- Perform financial analysis of acquisitions and development opportunities via complex financial modeling, analysis of cash flows, application of valuation methods using a combination of Argus and Excel, partnership waterfalls and debt/equity models.
- Create and maintain development project pro-formas for both potential investment as well as on-going projects.
- Prepare investment committee memos, advanced financial reports, sensitivity analysis, and presentations for Company and third-party review.
- During due diligence, review purchase contracts, development budgets, operating information, leases, complex property and partnership agreements and provide abstracts or variance analysis as necessary.
- Collect and analyze market intelligence including sale comparables, advanced location analytics, and demographic data.
- Monitor target markets and evaluate surrounding ownership, competitive assets, government initiatives, and other market fundamentals including traveling to target markets, as needed.
- Underwrite, review, source, and participate in the development of equity and debt structures for acquisitions and potential developments including preparation of lender-required deliverables.
- Actively engage with owners, brokers, equity partners, lenders, attorneys, and various internal departments, as appropriate.
- Travel to target markets as required to build relationships and tour properties.
Qualifications
- 5+ years of previous experience in acquisitons/dispositions or real estate development.
- Understanding of commercial real estate fundamentals and underwriting parameters across different asset classes, including retail, office, and multi-family.
- Demonstrated advanced proficiency in Excel based pro-forma modeling, data analysis, and reporting required. Argus Enterprise experience required.
- Strong quantitative background, understanding of real estate metrics (net present value, internal rate of return, cap rates, discount rate, etc), and knowledge of accounting concepts.
- Excellent presentation skills including proficiency in analytical writing and the ability to effectively communicate and present well-reasoned and data-supported conclusions to a variety of audiences.
- Experience underwriting multiple classes of real estate including retail, office, and multi-family preferred. Working knowledge of partnership structures, waterfalls, and debt/equity a plus.
- Well-rounded, with the ability to multi-task in a fast-paced environment that requires an interdisciplinary mindset and aptitude to learn quickly.
- Candidate must have strong written and verbal communication skills including an ability to conduct themselves professionally with both internal and external stakeholders.
- Ability to handle large volume of work; excellent organizational skills and ability to prioritize work to meet deadlines.
- Solid leadership capabilities with an enthusiastic attitude and confident personality.
- Critical thinking with detail-oriented and creative problem-solving approach.
- Possesses a strong work ethic, integrity, honesty, and drive.
- Candidate must be authorized to work in the United States without requiring sponsorship.
Compensation & Benefits
Cullinan Properties compensation will be commensurate with the market.
- Salary: $150,000 - $175,000 per year, based on experience and qualifications.
As a team member at Cullinan Properties, you will enjoy:
- Comprehensive benefits package, including health, vision, dental and life insurance
- 401(k) plan with Company Match
- Career Advancement and Bonus Opportunities
- Paid Time Off (PTO) and Holidays
- Employee Wellness Programs
- Generous Maternity & Parental Leave Policies
Start a lasting career with Cullinan Properties today!
Cullinan Properties is certified as a Women’s Business Enterprise through the Women’s Business Enterprise National Council (WBENC)
Cullinan Properties is an Equal Opportunity Employer.
For further information, please visit www.cullinanproperties.com.
