Associate - Investment Management Group

RXR Realty LLC (“RXR”) is a New York-based, 500+ person, vertically integrated real estate operating and development company with expertise in a wide array of value creation activities, including ground up real estate development, uncovering value in underperforming properties, repurposing well-located iconic properties, incorporating cutting edge real estate technologies and value added lending. RXR’s primary investment strategy is focused on New York City and the surrounding region. The RXR platform manages 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.8 billion, comprising approximately 26.5 million square feet of commercial properties, a multi-family residential portfolio of approximately 4,200 units under operation or development, and control of development rights for an additional approximately 2,900 multi-family and for sale units in the New York Metropolitan area as of March 31, 2021. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.   

RXR is comprised of members of the former senior management and operating team of Reckson, a 50-year local franchise which was a NYSE-listed REIT from May 1995 until January 2007 when SL Green acquired Reckson for in excess of $6 billion, generating an over 700% total return to Reckson’s shareholders.  

The individual will work closely with the team to execute cradle to grave acquisitions and asset management 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, from acquisition to disposition, and should anticipate devoting time in equal parts to asset management of owned assets and the underwriting of acquisition of new opportunities.  

PRINCIPLE RESPONSIBILITIES:   

• Create sophisticated financial models of new acquisitions and developments as well as currently owned asset management models utilizing both Microsoft Excel and Argus  
• Prepare and present investment committee memoranda for new investments and strategic opportunities for existing assets  
• Assist in the structuring, capitalization, and closing of investments and refinancing  
• Assist in preparation of monthly, quarterly, and annual lender and investor reports and presentations  
• Assist in the preparation of annual budgets and business plans for both newly acquired assets and existing assets  
• Provide support in the preparation of quarterly re-forecasts and variance analyses  
• Conduct market research and due diligence on a variety of potential transactions  
• Assist in performing refinancing analyses, quarterly valuations, leasing NPV/NER, and other ad hoc requirements  
• Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general responsibilities
• Candidate should possess experience across major property types including multifamily and office.  Experience in alternative property types such as logistics and storage a plus 
• Interact with internal systems and software to effectuate daily responsibilities  

QUALIFICATIONS / EDUCATION:  

• 3-5 years of experience working in real estate finance, acquisitions, or investment banking  
• Major in real estate, finance, accounting, or economics  
• Passion for real estate and finance  
• Outstanding quantitative and analytical ability  
• Willingness to learn in a demanding, fast-paced environment, often under pressure  
• Excellent interpersonal and communications skills  
• Experience in modeling complex transactions and investment structures  
• High level of proficiency in Argus, Excel, and PowerPoint (qualification testing will be performed)  

RXR Realty is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law.