Centennial Real Estate Company LLC
Senior Investment Associate
Centennial Real Estate Company LLC, Dallas, Texas, United States, 75215
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.
Evaluation of opportunities will include 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 integrating 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 the underwriting of acquisitions, the ability to incorporate development projects into 5–10‑year cash flow models; may spend 10–20% of time assisting the Development Team.
Underwriting will include preparation of Preliminary Investment ("Heads up") Memos and Formal Investment Memos for Investment Approval, and participation in IC.
Underwriting efforts may include travel to acquisition targets, touring competitive projects, and projects where alternative uses have already been considered.
Manage the Acquisition Pipeline database used in Weekly Pipeline Review.
Regular interactions with the entire senior management.
Requirements
Bachelor’s Degree (preferably in Finance, Accounting or Real Estate).
Minimum of 5 years of real estate investment underwriting.
Argus Enterprise modeling experience.
Fluent in MS Office suite of products (Excel, Power Point, Word).
Strong communication skills: written and verbal.
Ability to communicate efficiently via email (brevity is essential).
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, setting priorities for their teams.
Entrepreneurial mindset and the ability to prioritize and multi‑task.
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 (office, retail) underwriting.
Some experience in negotiating acquisition and financing documents.
Centennial is an equal opportunity employer. We encourage applicants from all backgrounds to apply.
Pay Range: $125,000 - $145,000 USD
Centennial is a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed‑use destinations as well as a full‑service property management platform serving third‑party owners. With over 300 employees nationwide, the firm now operates 20 million square feet of mixed‑use destinations in 16 states. Since 1997, Centennial has played a pivotal role in shaping the evolution of American retail by creating a superior multi‑faceted shopping experience with properties that serve not only as a place of commerce, but as a place of community.
Centennial does not accept unsolicited resumes from third‑party recruiters unless they were contractually engaged by Centennial to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Centennial will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.
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.
Evaluation of opportunities will include 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 integrating 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 the underwriting of acquisitions, the ability to incorporate development projects into 5–10‑year cash flow models; may spend 10–20% of time assisting the Development Team.
Underwriting will include preparation of Preliminary Investment ("Heads up") Memos and Formal Investment Memos for Investment Approval, and participation in IC.
Underwriting efforts may include travel to acquisition targets, touring competitive projects, and projects where alternative uses have already been considered.
Manage the Acquisition Pipeline database used in Weekly Pipeline Review.
Regular interactions with the entire senior management.
Requirements
Bachelor’s Degree (preferably in Finance, Accounting or Real Estate).
Minimum of 5 years of real estate investment underwriting.
Argus Enterprise modeling experience.
Fluent in MS Office suite of products (Excel, Power Point, Word).
Strong communication skills: written and verbal.
Ability to communicate efficiently via email (brevity is essential).
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, setting priorities for their teams.
Entrepreneurial mindset and the ability to prioritize and multi‑task.
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 (office, retail) underwriting.
Some experience in negotiating acquisition and financing documents.
Centennial is an equal opportunity employer. We encourage applicants from all backgrounds to apply.
Pay Range: $125,000 - $145,000 USD
Centennial is a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed‑use destinations as well as a full‑service property management platform serving third‑party owners. With over 300 employees nationwide, the firm now operates 20 million square feet of mixed‑use destinations in 16 states. Since 1997, Centennial has played a pivotal role in shaping the evolution of American retail by creating a superior multi‑faceted shopping experience with properties that serve not only as a place of commerce, but as a place of community.
Centennial does not accept unsolicited resumes from third‑party recruiters unless they were contractually engaged by Centennial to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Centennial will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.
All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
#J-18808-Ljbffr