Investment Associate

As one of the world’s largest financial services companies, Prudential’s individual and institutional customers rely on us to protect and grow their financial well being.

* Under the direction of senior asset managers, provide general management and direction for a portfolio of multifamily and mixed use properties. This includes frequent contact and direction with property managers, operating partners or leasing brokers * Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell * Negotiate contracts with property management and leasing firms as appropriate * Negotiate leases as appropriate * Review quarterly appraisals for factual accuracy and consistency with other similar properties * Prepare and/or review periodic internal reports prepared and respond to information requests from the home office * Oversee or assist in the budget process and preparation of the annual strategic plan for each property * Review periodic property reports and track operating performance. Prepare quarterly updates summarizing results * Provide assistance to the transaction team for both the acquisition and disposition of properties * Understand general multifamily trends and individual property markets and submarkets

* Bachelors degree required, finance or real estate emphasis preferred * Candidates must have at least 3 years of related real estate experience * Experience working on multifamily properties, development projects and working with joint venture partners is a plus * Understanding of key real estate agreements including leases, purchase and sales agreements, management and leasing agreements, partnership agreements and loan agreements * Understanding of basic real estate terms and concepts such as net leases, gross leases, contracts, rents, percentage rents, operating expenses, capital expenditures, recovery of expenses, property types * Understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets * Understanding of transaction due diligence process * Ability to use financial and valuation software including Word, Excel * Experience using Argus and Resolve is a plus * Ability to perform market research * Strong interpersonal, communication and presentation skills * Capability of simultaneously handling multiple assignments * Ability to direct and monitor the activities of others on a systematic basis