Acquisitions Associate/Senior Associate

Clarion Partners

(Los Angeles, California)

Full Time

Job Posting Details

About Clarion Partners

Clarion Partners, one of the largest privately owned real estate investment managers in the Americas, has managed investment real estate on behalf of institutional investors for more than 30 years.

Responsibilities

**Job Description:**

We seek an acquisition professional to be an integral part of a team that sources, underwrites, evaluates, structures, and closes private equity investments in large institutional quality real estate properties located throughout Southern California, Pacific Northwest, Nevada, Utah, New Mexico, and Hawaii.  This position will be based in Clarion’s Los Angeles office.  The position involves the following:

**Responsibilities include but not limited to:**

* Projections: Assemble and modify cash flow projection models with respect to an investment, utilizing both Argus and Excel.Utilize judgment, develop and form strong opinions on various underwriting assumptions and appropriate pricing/return parameters.

* Investment Memoranda: Prepare and assist in the presentation of Preliminary and Final Investment Memoranda to the Investment Committee and to Portfolio Management personnel.Involves substantial data review and writing.

* Due Diligence and Closing: Undertake all due diligence responsibilities including detailed analyses of a property’s title and entitlement status, engineering and environmental condition, tenants and in-place lease review, operations and related financial statement review, analysis of market and competitive position, and other typical pertinent due diligence issues.Involves substantial data collection and review. Monitor transaction progress and coordinate closing.

* Assist with financing.

* Prepare ad-hoc reports when needed; assist with special projects as needed.

Job Description:

We seek an acquisition professional to be an integral part of a team that sources, underwrites, evaluates, structures, and closes private equity investments in large institutional quality real estate properties located throughout Southern California, Pacific Northwest, Nevada, Utah, New Mexico, and Hawaii. This position will be based in Clarion’s Los Angeles office. The position involves the following:

Responsibilities include but not limited to:

Projections: Assemble and modify cash flow projection models with respect to an investment, utilizing both Argus and Excel.Utilize judgment, develop and form strong opinions on various underwriting assumptions and appropriate pricing/return parameters.
Investment Memoranda: Prepare and assist in the presentation of Preliminary and Final Investment Memoranda to the Investment Committee and to Portfolio Management personnel.Involves substantial data review and writing.
Due Diligence and Closing: Undertake all due diligence responsibilities including detailed analyses of a property’s title and entitlement status, engineering and environmental condition, tenants and in-place lease review, operations and related financial statement review, analysis of market and competitive position, and other typical pertinent due diligence issues.Involves substantial data collection and review. Monitor transaction progress and coordinate closing.
Assist with financing.
Prepare ad-hoc reports when needed; assist with special projects as needed.

Ideal Candidate

* Experience: Approximately five to eight-plus years relevant work experience required.In addition to specific acquisition experience, commercial real estate appraisal, finance, sales, leasing, asset management, or development experience is a plus.

* Knowledge: Must possess the ability to undertake detailed analyses and to make well-reasoned, decisive recommendations to senior management.Excellent writing skills, financial/quantitative skills, and fluency in Excel and Argus software are required.Must be able to efficiently work with a minimum of supervision, and to allocate time between multiple tasks/demands, changing priorities, and tight deadlines; an ability to concurrently pursue multiple opportunities is required.

* Communication: The selected acquisitions professional will work in collaboration with an Acquisitions investment team based in New York to source and analyze potential real estate investments and to execute the overall investment program for Clarion's real estate advisory business.The candidate must be able to work independently and as part of a team.Candidate should be proactive and self-motivated. Strong sourcing capability, work ethic, integrity and commitment to meet deadlines are essential candidate attributes.Candidate must possess strong interpersonal communication and writing skills.

* Education Requirements: Undergraduate degree in an applicable field is required, minimum GPA of 3.5.MBA or CFA is a plus.

Experience: Approximately five to eight-plus years relevant work experience required.In addition to specific acquisition experience, commercial real estate appraisal, finance, sales, leasing, asset management, or development experience is a plus.
Knowledge: Must possess the ability to undertake detailed analyses and to make well-reasoned, decisive recommendations to senior management.Excellent writing skills, financial/quantitative skills, and fluency in Excel and Argus software are required.Must be able to efficiently work with a minimum of supervision, and to allocate time between multiple tasks/demands, changing priorities, and tight deadlines; an ability to concurrently pursue multiple opportunities is required.
Communication: The selected acquisitions professional will work in collaboration with an Acquisitions investment team based in New York to source and analyze potential real estate investments and to execute the overall investment program for Clarion's real estate advisory business.The candidate must be able to work independently and as part of a team.Candidate should be proactive and self-motivated. Strong sourcing capability, work ethic, integrity and commitment to meet deadlines are essential candidate attributes.Candidate must possess strong interpersonal communication and writing skills.
Education Requirements: Undergraduate degree in an applicable field is required, minimum GPA of 3.5.MBA or CFA is a plus.