Centennial
Senior Investment Associate – Centennial
This position will support the VP Investments in sourcing, underwriting, analyzing, and modeling transactions. They will lead the due diligence work for transactions under consideration, validate underwriting assumptions, and prepare internal and external presentations regarding potential transactions for review by the investment committee. Must possess a deep understanding of real estate dynamics and valuation methodologies within different asset classes and will support capital raising efforts and asset management (once properties are acquired).
Principal Job Activities
Evaluate core‑plus, value‑add, and opportunistic investment opportunities throughout the 50 largest MSAs in the United States.
Acquisitions will primarily be focused on neighborhood and necessity‑based retail; occasionally assist in evaluating retail development opportunities.
Perform financial modeling (Excel and Argus Enterprise), market analysis (retail and alternative uses such as office, multi‑family, for‑sale housing, lodging, medical, health & wellness) and integrate land value creation and development returns for these alternative uses.
Proficient in using the internet to “fill holes” in Acquisition Submission Memos provided by Selling Brokers.
Lead retail space‑by‑space analysis with senior members of Centennial’s leasing; this analysis will serve as the backbone for Argus modeling.
Beyond underwriting acquisitions, incorporate development projects into 5–10‑year cash flow models; may spend 10–20% of time assisting the Development Team.
Prepare Preliminary Investment (“Heads up”) Memos and Formal Investment Memos for Investment Approval, and participate in IC.
Proactively respond to broker submissions of properties for sale and perform initial triage of opportunities.
Underwriting may include travel to acquisition targets; tours of competitive projects and projects where alternative uses have already been identified.
Manage the Acquisition Pipeline database used in Weekly Pipeline Review.
Maintain regular interactions with the entire senior management team.
Requirements
Bachelor’s Degree (preferably in Finance, Accounting or Real Estate).
Minimum of 5 years of real estate investment underwriting experience.
Argus Enterprise modeling experience.
Fluent in MS Office suite of products (Excel, PowerPoint, Word).
Strong written communication skills; concise email writing.
High level of organization with the ability to maintain files on numerous projects.
Attention to detail and ownership of investment.
Proven leadership capability: mentor Investment Analysts and set priorities for their work.
Entrepreneurial mindset with the ability to prioritize and multitask.
Technical understanding of retail leasing mechanics (LOI, Lease Signing, Build‑out, Lease and Rent Commencement).
High aptitude and proficiency in project and fund modeling (investor waterfalls) and multi‑tenant commercial property underwriting.
Experience negotiating acquisition and financing documents.
Equal Opportunity Employer Centennial ensures equal employment opportunities regardless of race, creed, gender, color, national origin, religion, age, sexual orientation, or disability.
Pay Range $125,000 - $145,000 USD
Physical Demands Work is performed in an office environment and requires the ability to operate standard office equipment. Occasionally required to travel.
Background Check All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
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Principal Job Activities
Evaluate core‑plus, value‑add, and opportunistic investment opportunities throughout the 50 largest MSAs in the United States.
Acquisitions will primarily be focused on neighborhood and necessity‑based retail; occasionally assist in evaluating retail development opportunities.
Perform financial modeling (Excel and Argus Enterprise), market analysis (retail and alternative uses such as office, multi‑family, for‑sale housing, lodging, medical, health & wellness) and integrate land value creation and development returns for these alternative uses.
Proficient in using the internet to “fill holes” in Acquisition Submission Memos provided by Selling Brokers.
Lead retail space‑by‑space analysis with senior members of Centennial’s leasing; this analysis will serve as the backbone for Argus modeling.
Beyond underwriting acquisitions, incorporate development projects into 5–10‑year cash flow models; may spend 10–20% of time assisting the Development Team.
Prepare Preliminary Investment (“Heads up”) Memos and Formal Investment Memos for Investment Approval, and participate in IC.
Proactively respond to broker submissions of properties for sale and perform initial triage of opportunities.
Underwriting may include travel to acquisition targets; tours of competitive projects and projects where alternative uses have already been identified.
Manage the Acquisition Pipeline database used in Weekly Pipeline Review.
Maintain regular interactions with the entire senior management team.
Requirements
Bachelor’s Degree (preferably in Finance, Accounting or Real Estate).
Minimum of 5 years of real estate investment underwriting experience.
Argus Enterprise modeling experience.
Fluent in MS Office suite of products (Excel, PowerPoint, Word).
Strong written communication skills; concise email writing.
High level of organization with the ability to maintain files on numerous projects.
Attention to detail and ownership of investment.
Proven leadership capability: mentor Investment Analysts and set priorities for their work.
Entrepreneurial mindset with the ability to prioritize and multitask.
Technical understanding of retail leasing mechanics (LOI, Lease Signing, Build‑out, Lease and Rent Commencement).
High aptitude and proficiency in project and fund modeling (investor waterfalls) and multi‑tenant commercial property underwriting.
Experience negotiating acquisition and financing documents.
Equal Opportunity Employer Centennial ensures equal employment opportunities regardless of race, creed, gender, color, national origin, religion, age, sexual orientation, or disability.
Pay Range $125,000 - $145,000 USD
Physical Demands Work is performed in an office environment and requires the ability to operate standard office equipment. Occasionally required to travel.
Background Check All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
#J-18808-Ljbffr