Senior Analyst - Real Estate Asset Management

Job Summary:
The Senior Analyst will support a Real Estate Asset Manager in the analysis of Commercial Real Estate Owned (“REO”) assets. Analysis will include, but not be limited to budgeting, leasing, selection of a management company, vetting appraisals and broker opinions of value, NPV and cash flow modeling, underwriting of securitized loans for new CMBS investments and ad-hoc project support.

Job Duties and Responsibilities:
• Track property-level, and tenant information and input same into LNR Partners asset management system.
• Maintain REO asset status comments in LPAMS and produce Asset Status Reports on a weekly basis.
• Analyze financial statements, rent rolls and other property level information for specific assets across various property types (office, retail, industrial, multi-family, hotel, etc). Analysis includes normalizing, reviewing and comparing operating expenses, rollover schedules, and where applicable, preparing trailing 12-month financials and pro forma’s.
• Prepare select property valuations in LNR’s proprietary cash flow model for review by Real Estate Asset Manager (including gathering market research data and speaking with local sources).
• Cash flow modeling for Commercial REO assets using ARGUS Software and Excel.
• Coordinate efforts with in-house/outside legal counsel, property managers, brokers and other third parties, as needed.
• Contact and evaluate property managers and brokers for the management/leasing and disposition of REO assets.
• Research market and tenant information on public records databases, such as Bloomberg, Lexis/Nexis, Hoovers and others.
• Review terms of commercial real estate leases and management agreements; prepare lease abstracts and internal approval memorandums for review by credit committee.
• Drafting detailed Consent to Sell Memorandums for the disposition of REO assets
• Presenting and discussing REO assets at the monthly department meeting
• Domestic travel required.

Knowledge and Skills:
• Excellent organizational skills.
• Ability to work on multiple tasks. Self-starter and self-motivated.
• Prior financial analysis, preferably in real estate, or other applicable real estate background.
• Knowledge or experience with commercial real estate leasing preferred
• Strong verbal and written communication skills a must.
• Developed presentation and public speaking skills a must.
• Strong computer skills including Word and Excel.
• Knowledge of ARGUS Software preferred.

Education and Experience:
• Bachelor’s degree in Business Administration, Finance, Economics or Statistics.
• 2 years related work experience preferred
• Experience with commercial real estate leases or structured real estate finance preferred.
• MBA with emphasis on real estate and/or finance may be substituted for a portion of work experience.