Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a diverse portfolio of office, retail, and multifamily assets. The Investment Analyst position plays a crucial role in financial analysis, transaction support, and asset management, contributing to the overall investment strategy and team organization.
Responsibilities
- Support the transactions process:
- Maintain transactions pipeline
- Coordinate and participate in property tours
- Download deal data rooms, coordinate access, and save data room files to Sharepoint
- Support review and execution of NDA’s for new transactions with legal team
- Upload files to disposition data rooms and coordinate access
- Support due diligence process and ensure information flows are coordinated across internal and external parties
- Team organization and logistics:
- Prepare agendas, presentation materials, and investment memoranda
- Create and modify Word and PowerPoint presentations
- Distribute materials to internal committees
- Coordinate and track meeting follow-up and meetings with brokers and advisors
- Maintain and record files for the Investment department and share information with other departments
- Take meeting minutes
- Analyze investments to the highest institutional standard:
- Analyze and synthesize market information to inform underwriting assumptions including leasing, development pipeline, financing, transaction, and capital raising activity
- Organize and participate in market diligence trips, competing property tours, and onsite inspections
- Understand and communicate the physical characteristics of properties and the related competitive advantages and disadvantages
- Prepare efficient investment memoranda for the ESRT Investment Committee and participate in discussion
- Create property and portfolio financial models that isolate variables and considers various outcomes
- Analyze property and portfolio level data to inform underwriting assumptions including
- Rent rolls, leases, historical cash flows, expense items, capital investment, and financing options
- Collaborate with other departments to provide critical inputs for underwriting model
- Assist with key asset management initiatives
- Participate in and provide support for the ongoing asset management of each investment
- Assist with key asset management initiatives
- Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general responsibilities
- Contribute to investment strategy:
- Analyze data sets and identify industry trends that support new investment themes
- Build proprietary databases that support sourcing initiatives
- Analyze historical portfolio performance
- Act as a culture carrier and exemplify the guiding principles of ESRT:
- Service-oriented and an ESRT brand ambassador
- Strong communicator
- Team player
Skills
- Demonstrated interest in a career in real estate investment and finance
- Highly detail-oriented, has strong organization and communication skills, and can prioritize and re-prioritize based on changing business needs
- Team calendar management and ability to interface seamlessly with other colleagues, departments, and administrative assistants
- Displays excellent judgment and can act decisively in situations requiring quick but thorough analysis and decision-making, while understanding when and how to escalate issues appropriately
- Active collaborator that thrives in a transparent and communicative setting
- College degree in Business Administration, Real Estate, Finance, or related field
- Prolonged periods of sitting at a desk and working on a computer
- Must be able to lift up to 15 pounds at times
- Domain knowledge of New York and the greater metropolitan area
- Familiarity with ARGUS
Benefits
- Competitive base salary and bonus
- Health/Dental/Vision insurance
- Company sponsored Life, AD&D, STD (with Salary Continuation), and LTD Insurance
- Voluntary Enhanced LTD Program
- Voluntary Hospital, Accident, and Cancer Programs
- 401(k) with 100% match up to 5%
- Paid parental leave
- Pre-tax transit accounts
- Employee Assistance Program for emotional, financial, and legal support
- Generous paid time off
- Flex remote work time
- Flex Summer Fridays
- Employee engagement programs
- Volunteer time off
- Continuing education
- Complimentary Empire State Building Observatory access
- Complimentary gym membership and other wellness benefits
- Employee Discount Programs
Company Overview
Under CEO Anthony Malkin, Empire State Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). It was founded in 2011, and is headquartered in New York, New York, USA, with a workforce of 501-1000 employees. Its website is https://www.esrtreit.com/.
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