Associate, Grocery-Anchored Real Estate Acquisitions

Keller Augusta; Boston (MA); On-site; USD 85,000 - 120,000; Full time

Job summary

Keller Augusta, a Boston-based private equity real estate firm, seeks an Associate to support the Investment Team in evaluating acquisitions, developing business plans, and due diligence. You will produce memos, analyze markets, underwrite grocery-anchored centers, and assist in financing and reporting to partners.

Strong Excel, Argus, and PowerPoint skills are essential for presenting findings to investors.

Qualifications

• 3+ years of experience in commercial real estate investment, asset management, portfolio management, or investment banking.
• Retail investment experience strongly preferred, particularly with grocery-anchored or neighborhood shopping centers.
• Prior exposure to real estate preferred; strong candidates from adjacent financial disciplines will be considered.

Responsibilities

• Prepare detailed projections of net operating income and cash flow using financial modeling software (Excel/ARGUS).
• Preparation and presentation of detailed memos to the Investment Committee and investors for approval of potential transactions.
• Perform competitive and demographic research to assess real estate trends, identify investment prospects, and aid the Firm's strategic processes and work plans.
• Underwrite grocery-anchored and neighborhood retail centers, including evaluation of anchor and in-line tenant credit, grocer sales and occupancy costs, rollover exposure, and merchandising mix.
• Identify and evaluate value-add opportunities such as re-tenanting, outparcel development, remerchandising, and physical repositioning of shopping centers.
• Conduct due diligence on potential acquisitions. Assist in acquisition closings process and the acquisition financing process.
• Design, develop and implement financial and business plans for real estate opportunities from acquisition through post-acquisition/development activities and asset management.
• Analyze and summarize leases, including retail-specific provisions such as CAM recoveries, percentage rent, exclusives, and co-tenancy clauses, contracts, term sheets, and other agreements necessary in real estate transactions.
• Oversee and participate in the creation of monthly, quarterly, and annual reporting for investors and senior management.
• Participate in the valuation process of each asset on a quarterly basis, working with analytics team and consultants.
• Provide regular written and oral status reports and ad hoc reports on request.

Skills

Advanced Excel

PowerPoint

Financial modeling

Education

Bachelor's degree in finance, economics, real estate

Tools

Argus

Job description

Keller Augusta, a Boston-based private equity real estate firm, seeks an Associate to support the Investment Team in evaluating acquisitions, developing business plans, and due diligence. You will produce memos, analyze markets, underwrite grocery-anchored centers, and assist in financing and reporting to partners.

Strong Excel, Argus, and PowerPoint skills are essential for presenting findings to investors.