Industrial Real Estate Associate

Ironhorn Enterprises; Pittsburgh (Allegheny County); On-site; USD 50,000 - 100,000; Full time

Job summary

IronHorn Enterprises is seeking an Industrial Real Estate Investment Associate to support growth in Pittsburgh and other markets. The role focuses on identifying, evaluating, and advancing industrial property acquisitions, while contributing to leasing, underwriting, financing, and due diligence.

The ideal candidate has 2–4 years of commercial real estate experience, strong financial modeling skills, and a proactive approach to deal flow across sourcing, valuation, and closing phases.

Qualifications

• Two to four years of commercial real estate experience.
• Experience with industrial real estate is strongly preferred.
• Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business, or related field preferred.
• Strong financial modeling and analytical skills, including proficiency in Microsoft Excel.

Responsibilities

• Identify and pursue industrial acquisition opportunities aligned with IronHorn's criteria and growth strategy.
• Research target markets, properties, ownership groups, brokers, and prospective sellers.
• Build relationships with property owners, brokers, lenders, and other industry professionals.
• Conduct direct outreach and participate in networking events and market visits.
• Maintain an active pipeline of acquisitions and provide regular updates on activity.
• Prepare letters of intent, purchase offers, investment memoranda, and internal materials.

Skills

Commercial real estate experience

Financial modeling

Communication skills

Education

Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business, or a related field

Tools

Microsoft Excel

Job description

Compensation: $50,000 - $100,000 annually, based on experience. This position is not commission-based.

Company Overview

IronHorn Enterprises is a growing, vertically integrated commercial real estate investment and development firm specializing in industrial properties. Our in-house capabilities span acquisitions, leasing, finance, legal, construction, facilities, and asset management, giving team members exposure to the complete lifecycle of an industrial real estate investment.

Position Overview

IronHorn Enterprises is seeking a motivated and analytically skilled Industrial Real Estate Investment Associate to support our continued growth in Pittsburgh and other target markets.

The primary focus of this position will be identifying, evaluating, and advancing industrial property acquisition opportunities. The Investment Associate will also support leasing, underwriting, financing, due diligence, and business development activities.

This is an excellent opportunity for a commercial real estate professional with two to four years of experience to gain in-depth, hands‑on exposure across all phases of industrial real estate deal flow—from initial sourcing and financial analysis through acquisition, financing, leasing, and ongoing property performance.

Key Responsibilities

Acquisitions and Business Development

• Identify and pursue industrial acquisition opportunities that align with IronHorn's investment criteria and growth strategy.
• Research target markets, properties, ownership groups, brokers, and prospective sellers.
• Build and maintain relationships with property owners, brokers, developers, lenders, and other industry professionals.
• Conduct direct outreach and participate in networking events, industry conferences, and market visits.
• Maintain an active pipeline of prospective acquisitions and provide regular updates on activity and next steps.
• Assist in preparing letters of intent, purchase offers, investment summaries, and internal approval materials.
• Participate in property tours, seller discussions, negotiations, and transaction meetings.
• Coordinate with internal legal, finance, construction, facilities, and asset management teams throughout the acquisition process.

Underwriting and Financial Analysis

• Prepare and maintain acquisition underwriting models, property‑level pro formas, cash‑flow projections, and investment analyses.
• Analyze rent rolls, leases, operating statements, tenant credit, market rents, capital expenditures, and historical property performance.
• Evaluate projected returns, financing assumptions, acquisition costs, operating risks, and potential value‑creation opportunities.
• Conduct market research on industrial property values, rental rates, vacancy, demand, comparable transactions, and economic trends.
• Assist in preparing investment memoranda and recommendations for senior leadership.
• Support the preparation of information and financial materials for lenders and equity partners.
• Help monitor property‑level financial performance following acquisition.

Due Diligence and Transaction Coordination

• Support all phases of acquisition due diligence, including the review of leases, financial records, title materials, surveys, environmental reports, property condition assessments, and other transaction documents.
• Track due diligence requirements, deadlines, outstanding items, and internal responsibilities.
• Coordinate with attorneys, lenders, brokers, consultants, inspectors, and other transaction participants.
• Identify financial, operational, physical, tenant, and market risks that may affect an acquisition.
• Assist with acquisition closings and the transition of newly acquired properties to the appropriate internal teams.

Leasing and Tenant Engagement

• Support leasing efforts for available industrial properties within the portfolio.
• Identify and engage prospective tenants, users, and tenant representatives.
• Conduct property tours and respond to questions regarding available space.
• Assist with lease proposals, tenant credit analysis, negotiations, and transaction coordination.
• Develop market knowledge related to tenant demand, rental rates, competing properties, and available industrial inventory.
• Maintain relationships with existing tenants and help identify retention, renewal, and expansion opportunities.
• Coordinate with legal, asset management, construction, and facilities teams to help move leasing transactions forward.

Market Intelligence and Reporting

• Monitor industrial real estate activity in Pittsburgh and other assigned markets.
• Track acquisition opportunities, leasing activity, comparable transactions, major employers, development projects, and economic trends.
• Maintain accurate pipeline, transaction, and performance reports.
• Provide senior leadership with timely updates on opportunities, market conditions, risks, and recommended next steps.

Qualifications

• Two to four years of commercial real estate experience, preferably involving acquisitions, underwriting, leasing, brokerage, asset management, development, lending, or investment analysis.
• Experience with industrial real estate is strongly preferred.
• Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business, or a related field preferred.
• Strong financial modeling and analytical skills, including proficiency in Microsoft Excel.
• Ability to analyze property financials, leases, rent rolls, market data, and investment returns.
• Strong written and verbal communication skills.
• Demonstrated business development, relationship‑building, and negotiation abilities.
• Highly organized and capable of managing multiple opportunities, priorities, and deadlines.
• Strong attention to detail, sound judgment, and a proactive approach to problem‑solving.
• Ability to work independently while collaborating effectively across departments.
• Willingness to travel for property tours, market visits, due diligence, and industry events as needed.
• No real estate license is required.

Why Join IronHorn?

This position offers the opportunity to work directly with experienced commercial real estate professionals and develop a broad understanding of industrial real estate investing. The successful candidate will gain meaningful exposure to acquisitions, underwriting, financing, due diligence, leasing, and property operations while contributing directly to IronHorn's continued growth.

IronHorn Enterprises is an Equal Opportunity Employer and values diversity at all levels of the organization.