Founded in 1995, Pine Tree is the premier owner and operator of open-air shopping centers in the US with over 11 million square feet and $2.5 billion of assets under management. With decades of expertise in retail real estate, we are guided by core values of collaboration, trust, diligence, and empathy to optimize and grow our portfolio through elevated, insightful, and value-driven solutions for our stakeholders. Pine Tree is an equal opportunity employer. Learn more at www.pinetree.com
Summary of Position
Pine Tree is seeking to add an Associateto a highly talented Investments / Asset Management team. This dynamic role will obtain first-hand experience of the entire ownership cycle of our assets. As an Associate, you will learn an invaluable amount of knowledge about our industry and contribute meaningfully to our growing team. You will interact with senior leadership and collaborate with each of our verticals including Acquisitions, Capital Markets, Leasing, Property Management, Construction, and Accounting. The ideal candidate for this position is an energetic individual who understands the basics of real estate analysis and is looking to take the next step in a fast-paced and rewarding environment at a growth-focused organization.
Responsibilities
Manage asset-level operating and financial metrics by aggregating and validating data related to income, expenses, capital, and debt service
Maintain Argus models to provide projected property-level cash flows and valuations
Produce regular reporting for company stakeholders and lenders, ensuring accuracy and timeliness
Interact with senior managers and executive members on asset management and investment decisions
Contribute to the development and integration of strategic property initiatives
Proactively assess the assets in the portfolio for potential risks and opportunities for adding value
Calculate investment returns and provide sensitivity analyses for leasing, redevelopment, and sale scenarios
Review leases and other legal documents to determine the feasibility of value-add initiatives
Assist with market research
Perform ad-hoc analysis for acquisitions and capital markets as needed
Desired Skillset & Qualifications
Bachelor’s degree in finance, real estate, or a related field (preferred)
2 - 3 years prior commercial real estate investment analysis experience (retail preferred)