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Arena Capital

Commercial Real Estate Acquisitions Manager

Arena Capital, Florida, New York, United States

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Overview

We are a unique Commercial Real Estate Investment & Development Corporation seeking a dynamic, high-energy self-starter to grow with the company and build a long-term career. We are looking for someone who is hardworking, people-focused, problem-solving, results-oriented, organized, self-motivated, and a strong negotiator. This is a growing company that provides opportunities for team members to advance. The candidate will search for shopping centers to purchase, lease, sell, and manage, including sourcing properties, underwriting, due diligence, and closing deals. This role requires interaction with property owners, brokers, bankers, and other stakeholders to manage multimillion-dollar assets. The position may involve ownership participation in new company acquisitions, with involvement in acquisition, management, leasing, and disposition of company projects. The manager will have potential upside participation on new company acquisitions. Essential duties and responsibilities

Manage and oversee all analyst functions of the investment process Review underwriting, investment memos, and the due diligence/closing process Co-sourcing involves creating and maintaining relationships with principals and investment sales brokers, tracking the pipeline of potential investment opportunities, and screening deals based on Cardone Capital's investment criteria Partner with lenders (agency, bank, debt fund) to source, evaluate, and close the optimal form of debt capital for each investment opportunity Prepare financial modeling and underwriting for real estate acquisitions Develop new or audit existing Excel models Present and discuss financial models to senior management, banks and brokers Maintain acquisition funnel and deal database Compile market data and sales information for meetings, quarterly reports, presentations and offering memorandums Compile property and debt data for meetings, inquiries, etc. Assist in writing proposals, presentations and investment memorandums Assist with transaction due diligence, including coordinating third-party vendors Exposure to all facets of real estate transactions with opportunities for substantial involvement Research and analyze markets to understand areas of growth, major employers, transportation projects, heavily trafficked corridors, and retail sub-markets Identify and analyze real estate opportunities for existing and prospective tenants that meet established criteria Analyze zoning of properties and permitted uses Present new opportunities to tenants and clients via presentations, phone, and market tours Work with Ownership to analyze feasibility plans, site plans, LOIs and contracts Oversee negotiation of purchase contracts and other legal agreements, as required Collaborate with engineers, architects to determine project specifications and review documents for accuracy and constructability Receive bids/estimates and negotiate contracts with contractors Conduct routine meetings, evaluate progress, schedules and prepare detailed reports Prepare detailed approval packages for internal and external investment committees Develop and maintain company reports, trackers, and databases Assist with special projects as requested and perform additional duties as required Must be self-motivated, disciplined and organized Must have knowledge of the Florida market Must be willing to grow with the Company Ability to work under pressure in a time-sensitive environment Specialized in Shopping Center or Multifamily Management 3+5 years of experience in acquisitions, sales and leasing Proficient in Excel Previous experience with multifamily or commercial property investments Bilingual is a plus Required skills and qualifications

At least four (4) years of commercial real estate acquisitions experience. Experience with retail real estate acquisitions preferred. Entrepreneurial, open mindset; self-starter – ability to work well alone and with others Extremely organized with meticulous attention to detail and follow-through Independent decision making, problem solving, critical thinking and analytical skills Ability to coordinate numerous projects simultaneously Must be willing to travel; travel amount will fluctuate depending on projects Must be proficient in Excel

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