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Here at American Realty Advisors, we are always looking for the top talent. If you don't see the job you are looking for please submit your resume and application here! If we find a match at any of our locations, we will be in touch with next steps.

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Vice President, Asset Management (SFR)

Job ID 333
Los Angeles, CA or Chicago, IL

The Role
The Vice President, Asset Management's primary responsibility is to lead and direct the asset management responsibility for a portfolio of residential assets, with a focus on single-family rental (SFR) communities. The role works under the Executive Vice President ("EVP") for the residential (multi-family and for-rent single-family) asset management team to support the EVP in directing an industry-leading asset management approach for ARA's for-rent residential portfolio. 

Responsibilities include overseeing third-party property managers, leasing staff, construction managers, and others involved in managing assets. Core duties include the supervision of the strategic planning, management, leasing, financial analyses, operating and capital budgets, returns on an internal rate of return and time-weighted basis, and reporting on a quarterly and annual basis regarding the performance of each asset.

The Vice President will work with the EVP, Portfolio Management, and the Investment Group to assist in reviewing and analyzing multi-family and SFR assets to be acquired by the firm. During the initial evaluation of the property and due diligence, these activities ensure the target asset can be managed to the level outlined in the business plan for the underwriting and long-term budget.

This role is based in either ARA’s downtown Los Angeles office or downtown Chicago so the candidate will be expected to be a local resident and commute to the office.
 

Essential Functions

  • Develop and drive the implementation of the strategic business plans for each of the portfolio's residential assets, which govern the portfolio's daily operations and ultimate positioning in the marketplace and understand the impact on capital outlays and operating expenses to organize and program a business plan that maximizes its performance.
  • Identify, develop, and implement value-added strategies concerning existing assets and potential acquisitions. Strategies may include but are not limited to renovations relating to repositioning and lease-up and ground-up development.
  • Oversee management of property operations for assets, including:
    • Timely review of property management reports,
    • Tracking weekly and monthly status reports from property managers,
    • Developing solid relationships through sound leadership with property managers and other onsite staff to support the business plan's advancement and maximize performance.
  • Collaborate with joint venture partners on existing investments and new opportunities, providing approvals when necessary and input as appropriate. Review operations for compliance with terms of joint venture agreements, development management agreements, and related documents.
  • Oversee contracts, vendors, bids, and inventories.
  • Supervise, train, and motivate property managers, leasing staff, and personnel in ARA's asset management philosophy.
  • Conduct regular site visits to review curb appeal, the status of capital improvement projects, model inspections, expense approvals, and personnel issues to direct changes to maximize the asset's performance.
  • Maintain an understanding of architectural plans and contracts, engineering studies, schedules, and work with attorneys to craft lease language to protect the landlord when appropriate.
  • Work with onsite leasing teams to attract, qualify, maintain residents, and achieve favorable effective lease rates. Develop marketing strategies and concession packages to maximize effective rents.
  • Work with ARA's Valuation Group and Portfolio Management Group to supervise the completion of asset valuations (hold/sell analyses, quarterly, and annual valuations) efficiently and timely and provide context for the asset to be able to support and provide insightful hold vs. sale recommendations regularly.
  • Oversee general property level analysis functions (i.e., PM contracts, RFPs, construction, and vendor agreements).
  • Conduct in-depth market research to fully understand each asset's position in its respective market from a leasing and investment perspective and all underlying factors that may influence it. Update demographic and market information for each asset area for strategic planning and reporting purposes and understand the data's implications on specific asset performance.
  • Review potential multi-family and SFR acquisitions in both the core and value-added space.
    • Work with the Investment Group to develop long-term models to support the acquisition.
    • Perform in-depth market research to support all underwriting assumptions incorporated into the acquisition model.
    • Review effective lease rates, capital improvement budgets, and operational budgets. 
    • Develop and maintain strong relationships with investment brokers to facilitate investment activity.
    • Oversee the physical inspection of the asset to understand the impact of any deficiencies on underwriting.
    • Advise other deal team members and report directly to the Investment Committee on all aspects of the proposed investment from an asset management perspective. 
  • Manage the reporting process (business plans and monthly and quarterly reports) in an efficient and timely manner and as a means of improving performance.
  • Prepare annual portfolio review materials, including preparing and delivering written and oral reviews to trustees, consultants, and client staff, if necessary.
  • Participate in investor calls/presentations on an as-needed basis to help shape the articulated vision for the team's direction and investments in the residential sector. 

 
Candidate Qualifications

  • An undergraduate business degree is required, preferably in finance, accounting, or another related area of study.
  • An advanced degree or professional designation (i.e., RFA or CPM) is preferred.
  • A minimum of eight years of direct work experience in the for-rent residential asset management sector, with a focus on SFR communities.
  • Additional expertise in renovations, property management, or acquisitions is highly regarded. 
  • Knowledge of the private equity real estate market and how such investments work and are structured is an essential part of this position. 
  • Residential development experience and retail asset management preferred

 
Competencies

The ideal candidate for this role will exhibit competency in the below areas. At ARA, we see possessing these traits as vital to the success of the position:

  • Creative Thinking – An innovative thinker who translates thoughts into actionable items.
  • Works Collaboratively – A team player committed to achieving objectives through collective action and communication.
  • High Energy – Thrives in a fast-paced, dynamic environment where multi-tasking is essential.
  • Models Our Values – Conducts daily business and interactions with mindfulness to reflect ARA’s culture and promote its values and standards.
  • Results Driven – Outperforms expectations and promotes the firm's competitive advantage through an analytical and context-driven approach to problem-solving.

 
Job Specifications

  • Expected work hours: 8:30 to 5:30, Monday through Friday, with occasional weekends.
  • Travel: Occasionally may need to drive a personal vehicle for business.
  • Work environment and physical demands: General office environment.
  • Vaccination is required to enter the workspace, and ARA will consider accommodations for disability- and religious-based reasons.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual's race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by law state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and employment conditions.

ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

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Associate, Investments

Job ID 325
Los Angeles, CA

General Summary

Madison Marquette Real Estate Services provides analytical services and support for American Realty Advisors (ARA). The Associate, Investments, works on ARA’s portfolio of commercial real estate assets. This position assists ARA’s Investment Group in the execution of its acquisition and investment plan for its discretionary funds and separately managed accounts. This role is based in ARA’s Los Angeles, CA, office.

Major Duties and Responsibilities

  • Review investment opportunities within the client’s investment parameters to determine suitability for further investigation.
  • Assess property-level, submarket, and macroeconomic risk factors for potential investments.
  • Prepare complex and detailed financial analyses utilizing existing models as well as creating new models necessary to evaluate a myriad of investment structures such as common equity, preferred equity, mezzanine debt and fee development opportunities. Experience with underwriting industrial and single-family rental product is a plus.
  • Ensure Argus, Excel, and other financial models accurately and logically calculate and report all appropriate financial information about the investment under consideration.
  • Audit financial proformas in order to identify input errors in annual and monthly cash flows both in Argus Enterprise and Excel.
  • Prepare various correspondence and reports, including letters-of-intent, investment committee memos, due diligence findings, and abstracts of various legal documents.
  • Interact with various market participants throughout the acquisition process to obtain information relating to investments under consideration, including leasing and sales brokers, joint venture partners, tenants, property managers, governmental authorities, and other investors.
  • Research, triangulate and maintain familiarity with financial investment metrics in major target metropolitan areas, including recent sales, cap rates, leasing activity, and supply pipeline.
  • Assist in the presentation and communication of potential investment opportunities, official investment memoranda, financial underwriting, findings from due diligence investigations and all other key investment-related information to senior management, the investment committee, and members of the internal deal team.
  • Conduct reviews, summarize or offer commentary on transactional documents under negotiation, including joint venture agreements, loan agreements, and third-party engagement letters.
  • Assist with the turnover of acquired assets to Asset Management.
  • Review and analyze due diligence materials, documentation, and reports, including leases, loan documents, physical, environmental and title reports, covenants, conditions, and restrictions, purchase agreements, sale agreements, and other related ancillary documents.
  • Concisely communicate risk, due diligence, and other investment-specific findings to a variety of audiences, including investment committee, legal counsel, third-party vendors, and investors.
  • Assist in the internal valuation process, as needed, to ensure accurate valuations and optimal hold/sell evaluations for the existing portfolio.
  • Other activities that may be assigned from time to time.

The above listing represents the general duties considered essential functions of the job and is not to be considered a detailed description of all the work requirements that may be inherent in the position.

Qualifications

  • Bachelor’s degree in Finance, Real Estate, or related field required.
  • At least two to three years of relevant experience in commercial real estate analysis, underwriting and due diligence processes; advanced understanding of real estate finance associated terms and formulas.
  • Ability to write routine reports and correspondence. Ability to speak effectively with consultants, vendors, third-party property managers, and other members of the organization. Fluent in English.
  • Strong finance and mathematical skills including, but not limited to, the ability to calculate and understand discounted cash flows, net present value, and internal rate of return. Capable of generating and interpreting statistical data; demonstrated analytical skills, including financial analysis.
  • Possess the ability to multi-task, handle many moving parts, and be flexible, attentive, assertive, and organized. 
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Demonstrated high-level proficiency and precision in Microsoft Word and Excel with the ability and understanding of how to build and track formulas.
  • Ability to interpret, operate, modify, and present Argus Enterprise models.
  • General knowledge of accounting and financial reporting is needed, as well as having a basic understanding of CoStar.
  • Strong organizational skills and the ability to follow procedures and best practices.
  • Think logically and creatively through various underwriting scenarios.

Physical Demands

  • Expected work hours: 8:30 to 5:30, Monday through Friday with occasional weekends.
  • Travel: Business trips with overnight stays may be required. Occasionally may be required to drive a personal vehicle for business.
  • Work environment and physical demands: General office environment includes but not limited to periods of sitting at a computer, standing at a copier, and carrying files.

Madison Marquette is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, creed, color, religion, national origin, ancestry, citizenship status, age, physical or mental disability, sex, gender, gender identity or expression (including transgender status), marital status, veteran status, sexual orientation, genetic information, or any other characteristic protected by applicable federal, state, or local laws. Madison Marquette is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, access to facilities and programs, and general treatment during employment.

Madison Marquette considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

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Analyst, Asset Management

Job ID 311
Los Angeles, CA

General Summary

The Analyst works with ARA’s Asset Management Group in executing its operating strategy on a national real estate investment portfolio. The position is tasked with helping drive investment strategy based on the firm’s models and its approach to value creation through oversight of property operations and capital deployment.

Primary accountabilities include business plan preparation, presentation, and execution, developing monthly cash flow and investment return projections, internal and external reporting, market research, capital plan oversight, and involvement with new acquisitions. This individual will regularly engage with members of senior management, the acquisitions group, ARA’s third-party property management teams, and other external partners.

This role is based in ARA’s downtown Los Angeles office, and candidates will be expected to be Southern California residents and commute to the office.

Major Duties and Responsibilities

  • Assist asset managers with:
    • Extracting metrics from various data sources, including CoStar, MRI, and Argus Enterprise, to support developing and executing strategic business plans and property operating budgets.
    • Reviewing monthly reporting packages and cash follow distributions/contributions, evaluating variances, and resolving any discrepancies.
    • Preparing detailed financial analyses of operating performance, leasing trends, submarket analytics, and competitive property analysis.
    • Conducting periodic physical inspections of assets, touring competitive properties, developing relationships, and commanding a general understanding of market and submarket dynamics.
    • Reviewing Common Area Maintenance reconciliations generated by third-party property managers against tenant leases and property operating expenses.
    • Participating in negotiations from Letter of Intent through lease execution, including economic lease analysis and credit review.
    • Maintaining reputation, relationships, and efficient information flow between asset managers, third-party property managers, joint venture partners, portfolio managers, and executives.
  • Develop a basic understanding of budget analysis, financial reporting and the tools and software utilized to execute such analysis and reporting.
  • Learn ARA’s property management and asset management policies, procedures, and guidelines; develop a broad knowledge of joint venture agreements, loan documents, lease agreements, property management agreements, development agreements, service contracts, and title documents.
  • Develop a foundational understanding of the underlying economic, market, and industry trends that drive asset performance.
  • Assist with drafting Investment Committee recommendation memos for asset repositioning and development, hold/sell analyses, dispositions, large capital projects, and key legal documents.
  • Assist with Property Management Agreement and Leasing Services Agreement amendment, restatement, or extension processes.
  • Support asset managers with oversight of the development or construction process, including conducting market research to validate new underwriting and future development pipelines.
  • Assist the Investment Group in the overall underwriting, committee recommendation drafting, due diligence, and asset management transition processes, as needed for acquisitions.
  • Assist Dispositions by preparing the asset for sale and supporting the due diligence and closing processes.
  • Participate in other ad hoc activities that may be assigned from time to time.

The above listing represents the general duties considered essential functions of the job and is not to be considered a detailed description of all the work requirements that may be inherent in the position.

Qualifications

  • Bachelor’s degree in Finance, Real Estate, or related field required.
  • Less than 18 months of relevant experience in commercial real estate, investment analysis, or asset management.
  • Strong financial and mathematical skills, including, but not limited to, the ability to calculate and understand discounted cash flows, net present value, and internal rate of return. A thorough understanding of accounting principles, including comprehending standard accounting reports and statements, is required.
  • Familiarity with various software for word processing and spreadsheet preparation. Demonstrated proficiency and precision in Microsoft Excel with the ability to build and utilize complex formulas.

Physical Demands

  • Expected work hours: 8:30 to 5:30, Monday through Friday, with occasional weekends.
  • Travel: Business trips with overnight stays may be required. Occasionally may need to drive a personal vehicle for business.
  • Work environment and physical demands: General office environment at ARA’s downtown Los Angeles corporate offices.
  • Vaccination is required to enter the workspace and ARA will consider accommodations for disability- and religious-based reasons.

ARA and its Service Providers are Equal Opportunity Employers.

ARA and its Service Providers consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652 and the California Fair Chance Act.

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Associate, Asset Management

Job ID 349
Los Angeles, CA

General Summary

Madison Marquette Real Estate Services provides analytical services and support for American Realty Advisors (ARA). The Associate, Asset Management, works on a portfolio of our client’s commercial real estate assets. This position assists ARA’s Asset Management Group in the execution of its operating strategy on its national real estate investment portfolio. This role is based in ARA’s Los Angeles, CA, office.

Major Duties and Responsibilities

  • Assist senior asset managers with leasing and operations, including:
    • Developing and executing strategic business plans and property operating budgets for assets of varying complexity.
    • Reviewing monthly financial reporting packages and cash flow distributions/contributions, evaluating variances and accuracy, and resolving any discrepancies.
    • Prepare detailed financial analyses of operating performance, leasing trends, submarket analytics, and competitive property analysis.
    • Maintaining reputation, relationships, and efficient information flow between asset managers, third-party property managers, joint venture partners, portfolio managers, accountants, and executives.
    • Develop and maintain strong relationships with leasing and investment brokers, conduct periodic physical inspections of assets, and touring competitive properties to develop an in-depth knowledge of market and submarket dynamics.
    • Participate in weekly operational and leasing calls with property managers and brokers to discuss asset strategy, vendor engagement, asset performance, capital projects, leasing activity, market trends, and other business matters.
    • Assist in the preparation and drafting of recommendation memos to the executive committees for asset repositioning, hold/sell analyses, dispositions, development, large capital projects, major leasing decisions, and critical legal documents.
    • Create Economic Lease Analysis for each new lease by extracting all relevant economic lease points from the Letter of Intent. Review and input leasing assumptions from the properties’ annual budget. Provide thoughtful insight as to the viability of the prospective lease, including modeling the lease’s anticipated impact on the valuation in Argus.
    • Review Common Area Maintenance reconciliations generated by third-party property managers against tenant leases and property operating expenses. Partner with accounting to ensure amounts billed tie with the general ledger. Submit reconciliation approval worksheets to the asset manager for approval and processing.
  • Support asset managers with oversight of the development and construction process, including:
    • Conduct detailed reviews of construction draw packages and related monthly development and financial reports;
    • Conduct periodic site inspections with asset managers and construction services team;
    • Participate in weekly Owner, Leasing, and Partner status calls;
    • Prepare monthly development status reports and presentations for executive management;
    • Develop a general understanding of the construction process, terminology, and AIA documents;
    • Prepare wire transfer requests for executive management approval.
  • Support portfolio management to:
    • Track and report key issues and handle ad-hoc requests from the operational portfolio manager.
    • Lead quarterly and annual valuations processes for assigned assets, including:
    • Review quarterly asset valuations and follow-up on any discrepancies or inconsistencies; interface with appraisers and asset managers to finalize value.
    • Verify the accuracy of the rent roll, recoveries, market lease assumptions, valuation metrics, operating expenses, and capital expenditures.
  • Other activities that may be assigned from time to time.

The above listing represents the general duties considered essential functions of the job and is not to be considered a detailed description of all the work requirements that may be inherent in the position.

Qualifications

  • Bachelor’s degree in Finance, Real Estate, or related field required.
  • Master’s degree in Finance, Real Estate, or related field preferred.
  • At least three years of relevant experience in commercial real estate analysis or asset management; an intermediate understanding of real estate finance associated terms and formulas, as well as the construction/development processes.
  • Strong financial and mathematical skills including, but not limited to, the ability to calculate and understand discounted cash flows, net present value, and internal rate of return. A thorough understanding of accounting principles, including the ability to comprehend standard accounting reports and statements, is required.
  • Possess general knowledge of joint venture agreements, loan documents, lease agreements, property management agreements, development agreements, service contracts, and title documents. Have a broad understanding of the construction process, terminology, and AIA documents.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists - the ability to interpret a variety of instructions furnished in written, oral, or schedule form.
  • Familiarity with various software for word processing and spreadsheet preparation. Demonstrated proficiency and precision in Microsoft Excel with the ability and understanding of how to build formulas. Familiarity with creating ARGUS Enterprise models and reviewing and adjusting Altus models.
  • General knowledge of accounting and financial reporting is needed, as well as having a basic understanding of MRI reporting.
  • Strong organizational skills and the ability to follow processes.

Physical Demands

  • Expected work hours: 8:30 to 5:30, Monday through Friday with occasional weekends.
  • Travel: Business trips with overnight stays may be required. Occasionally may be required to drive a personal vehicle for business.
  • Work environment and physical demands: General office environment.

Madison Marquette Real Estate Services is committed to equal employment opportunity. We do not discriminate based on an individual’s race, sex, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, veteran status, sexual orientation, age, gender identity, genetic characteristics, or any other basis prohibited by law. This policy governs all aspects of employment at Madison Marquette Real Estate Services, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline, and discharge, and all other terms of employment.

Madison Marquette considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

Apply for this Position

Assistant General Counsel, Legal and Compliance

Job ID 350
Los Angeles, CA

The Role

As Assistant General Counsel, Compliance, you will assist with the day-to-day oversight of the firm’s compliance program which focuses on compliance with the Advisers Act, securities laws, ERISA, privacy laws, and other applicable laws as well as compliance with its and its funds’ and separate accounts’ policies and contracts. Specific responsibilities will include:

Essential Functions

  • Assist with managing, enforcing and testing the firm’s policies and procedures including among others its Code of Business Conduct and Ethics, Business Continuity and Disaster Recovery Back-Up Plan, Valuation Policy, Cybersecurity Policy, and ESG+R policies.
  • Oversight and review of marketing materials including among others requests for proposal, client presentations, quarterly and other reporting materials, advertising, social media, and ARA’s website.
  • Support with other matters relating to the Advisers Act including among others filing Form ADV and Form PF, annual compliance testing, SEC audits, custody audits, and records retention.
  • Assist with securities laws matters including maintaining Regulation D exemptions, Form D filings, and Blue Sky filings.
  • Review and monitor funds as well as separate accounts to ensure that they are operated in compliance with their organizational documents and related legal and regulatory requirements.
  • Assist with other fund and separate account matters including among others those relating to offering documents, investment management agreements, entity maintenance, deal and asset-level UBTI/REIT and other tax structuring, side letter management, authority and KYC documentation, and closing volume management.
  • Oversee outside ERISA counsel in connection with maintaining and tracking the VCOC status of the firm’s various VCOCs and ensure ERISA obligations are met.
  • Monitor activities for compliance with the firm’s OFAC program including among others review of OFAC search results and OFAC provisions in agreements.
  • Support with GIPS® compliance matters including maintaining the firm’s GIPS Policies and Procedures, GIPS reports, and annual GIPS verification.
  • Coordinate with tax counsel and tax accountants to advise on activities and strategies to avoid UBTI and comply with REIT requirements for various private REITs.
  • Provide support with the firm’s compliance with applicable privacy laws including CPRA.
  • Participate in the engagement of outside counsel, as needed, and oversee legal invoices related to litigation, transactional work, and other matters.
  • Stay current with applicable legal and regulatory changes and synthesize and communicate such changes to the appropriate firm teams/individuals.

Candidate Qualifications

  • Undergraduate Degree and J.D. required.
  • A minimum of six (6) years of legal experience with at least 3 years involving corporate, securities, and Advisers Act matters. Prior in-house experience at a registered investment adviser preferred.
  • Able to understand how ARA’s day-to-day operations interrelate with the achievement of the firm’s long-term strategic goals.
  • Demonstrate strong written and verbal communication skills, including ability to articulate recommendations in a clear and concise manner.
  • Able to manage multiple tasks and maintain control and order over same.
  • Must be detailed oriented and able to prioritize tasks, projects, and assignments to ensure that all projects are in completed in a timely manner.

Competencies

The ideal candidate for this role will exhibit competency in the areas listed below. At ARA, we see possessing these traits as vital to the success of the position:

  • Creative Thinking – An innovative thinker who translates thoughts into actionable items.
  • Works Collaboratively – A team player with a commitment to achieving objectives through collective action and communication.
  • High Energy – Thrives in a fast-paced, dynamic environment where multi-tasking is essential.
  • Models Our Values – Conducts daily business and interactions with mindfulness to reflect ARA’s culture and promote its values and standards.
  • Results Driven – Outperforms expectations and promotes the firm’s competitive advantage through an analytical and context-driven approach to problem-solving.

Job Specifications

  • Expected work hours: 8:30 to 5:30, Monday through Friday, with occasional weekends.
  • Work environment and physical demands: General office environment.
  • Vaccination is required to enter the workspace and ARA will consider accommodations for disability- and religious-based reasons.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual’s race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by law state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and employment conditions.

ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

Apply for this Position

Transactions Associate, Investments

Job ID 351
Los Angeles, CA

The Role

The Transaction Associate, Due Diligence assists the Senior Vice President, Due Diligence and the Investment Group in the coordination and execution of due diligence efforts for all investments originated by ARA. Target investments extend across various investment structures such as direct investment, preferred equity, joint ventures, mezzanine debt, and senior debt.  Investments are made within the office, residential, retail, industrial and certain specialty sectors. This position works closely with a wide variety of parties internal and external to the firm, including the investment team, portfolio management, asset management, transaction counsel, title and escrow officers, the seller, seller’s broker, joint venture partners, lenders, third-party consultants, and ARA’s Investment Committee. This role is based in ARA’s downtown Los Angeles office, so the candidate will be expected to be a Southern California resident and commute to the office.

Essential Functions

  • Provide critical input and support to ARA’s acquisition due diligence process for potential investments in multiple property types and profiles, including development and acquisition of residential, industrial, office, retail, and other types of projects nationwide.
  • Prepare and advance daily progress on due diligence and closing checklists for each active investment.
  • Facilitate due diligence and closing efforts by setting up calls, scheduling on-site visits, engaging third parties, managing virtual data rooms, and keeping robust virtual records for each deal.
  • Assist in identifying, reviewing, analyzing, summarizing, abstracting, filing, monitoring, disclosing, and distributing due diligence materials to appropriate transaction team members, such as title documents, ALTA surveys, zoning reports, leases, estoppels, environmental reports, engineering studies, and other due diligence materials.
  • Assess and track key transaction-related documents, including but not limited to purchase and sale agreements, joint venture documents, loan documents. Monitor timelines and linkages among those documents and bridge connections with the transaction team members.
  • Coordinate closing activities, including reviewing closing documents, proration statements, closing statements, and other documents needed to close a transaction.
  • Produce and maintain clear and detailed documentation relating to ARA’s investment process, including preparation of due diligence memos, closing binders, and turnover and acquisition summary memos.
  • Maintain an active and robust communication channel to ensure that information is provided timely to the entire transaction team, so connections and information transfer across the participating team members can be made among the various due diligence matters.
  • Master ARA’s due diligence process and continuously seek opportunities for process improvements and implementation of best practices.

Candidate Qualifications

  • Bachelor’s degree or equivalent with a major in real estate, project management, engineering, construction, architecture, urban planning, or similar background.
  • Minimum three years of experience in commercial real estate, preferably with exposure to real estate transactions and due diligence.
  • Basic understanding and desire to expand working knowledge of the mechanics of institutional real estate and real estate transactions/due diligence.
  • Familiarity with real estate transaction documents (i.e., purchase and sale agreements) and due diligence documents such as environmental site assessments, property condition assessments, plans and specifications, engineering studies, leases, title reports, ALTA surveys, zoning reports, and the closing process preferred.
  • Program management skills needed to track and drive tasks and processes through completion.
  • Experience with land planning and development, entitlements, zoning, and planning issues is a plus.
  • Interest in building design and construction, LEED/sustainability concepts is a plus.
  • Real estate paralegal training and experience will be considered.

Competencies

The ideal candidate for this role will exhibit competency in the areas listed below. At ARA, we see possessing these traits as vital to the success of the position:

  • Creative Thinking – An innovative thinker who translates thoughts into actionable items.
  • Works Collaboratively – A team player with a commitment to achieving objectives through collective action and communication.
  • High Energy – Thrives in a fast-paced, dynamic environment where multi-tasking is essential.
  • Models Our Values – Conducts daily business and interactions with mindfulness to reflect ARA’s culture and promote its values and standards.
  • Results Driven – Outperforms expectations and promotes the firm’s competitive advantage through an analytical and context-driven approach to problem-solving.

Job Specifications

  • Expected work hours: 8:30 to 5:30, Monday through Friday, with occasional weekends.
  • Travel: Business trips with overnight stays may be required (except when local or national stay-at-home orders or travel restrictions are in effect, as such trips are not permitted). Occasionally may need to drive a personal vehicle for business.
  • Work environment and physical demands: General office environment at ARA’s downtown Los Angeles corporate offices (except when local or national stay-at-home orders are in effect).

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual’s race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by law state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and employment conditions.

ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

Apply for this Position

Tomorrow's Real Estate Leaders

Virtual Event

Tomorrow's Real Estate Leaders event exposes minorities underrepresented in the commercial real estate industry to career opportunities.  

During this two-and-a-half-day virtual event, you will gain insight into the commercial real estate industry through the lens of ARA's investment philosophy and methods, revealing the various functional responsibilities and career paths. The program will include practical, hands-on training and industry speakers, culminating in a capstone case competition.

Tomorrow’s Real Estate Leaders is planned for November 4th, 5th and 6th, 2022.

To be considered, you must be:

  • Currently enrolled as an undergraduate and will have completed at least two semesters or four quarters of college by August 2022;
  • Of a group underrepresented in commercial real estate or investment management industries, including, but not limited to, individuals who identify as Black or African American, Latinx or Hispanic, Asian American, Pacific Islander, Native American and other Indigenous People;
  • 18 years of age or older.

Tomorrow's Real Estate Leaders is an invitation-only event. Click start your application below to be considered. Invitations will be sent in mid-October.

American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual’s race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by law state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and employment conditions.

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Equal Employment Opportunity

ARA is committed to equal employment opportunity and applies the principals of openness and diversity to all aspects of employment including hiring, assignments, training, promotions, compensation, employee benefits and issue resolution, employee discipline and discharge, and any other terms and conditions of employment. We do not discriminate on any basis protected by local, state, or federal law including, but not limited to, race, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity, gender expression, age, genetic information, military and veteran status, citizenship status, or any other basis.

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Talk to our team today to find out how ARA can provide you with the tools to help you achieve your real estate return goals.

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