Market Officer, West

Dalfen Industrial; Oakland (CA); On-site; USD 150,000 - 190,000; Full time

Job summary

Dalfen Industrial is seeking a Market Officer based in Oakland, CA, covering the West region. You will support acquisitions, oversee leasing and asset management, and lead market and financial analyses for a growing portfolio.

The role involves coordinating with senior leadership on due diligence, budgets, and investment strategy to drive growth and profitability. The ideal candidate has a strong real estate background, 7–10+ years of experience, and expertise in Argus, CoStar, and Real Capital

Qualifications

• 7-10+ years of relevant work experience.
• Experience leading a team (internal/external) on property operations.
• Strong understanding of real estate fundamentals and in-depth knowledge in sourcing and underwriting.
• Advanced working knowledge of Microsoft Excel and other MS Office applications.
• Proficiency in Argus, Co-star and Real Capital Analytics preferred.
• Real estate coursework and/or work experience preferred.

Responsibilities

• Acquisitions: Identify target properties meeting acquisition criteria.
• Acquisitions: Lead the due diligence process for assets under contract.
• Acquisitions: Work with analyst to compile underwriting material.
• Acquisitions: Present property and market reports to management and Investment Committee.
• Leasing & Asset Management: Negotiate leases.
• Leasing & Asset Management: Oversee property operations.
• Leasing & Asset Management: Develop recommendations for operations, capital plan or investment strategy for Investment Committee.
• Leasing & Asset Management: Oversee budgets and economic analysis of leases.
• Market research: Conduct in-depth market research to understand asset position.
• Market research: Update demographic and market information for each asset.
• Acquisition/due diligence: manage process including selecting property managers and leasing agents.
• Review leases, budgets and capital improvement plans.

Skills

Real estate underwriting

Leadership experience

Excel/MS Office

Market research

Education

Undergraduate degree

Postgraduate degree asset

Tools

Argus

CoStar

Real Capital Analytics

Job description

Dalfen Industrial is seeking a Market Officer to join the team. The Market Officer will be based in Oakland, CA and covering the West region. This individual supports the acquisitions of the highest-priority Dalfen initiatives, and actively contributes to a variety of complex projects, including sourcing, investment and acquisition transactions, strategy development and execution in their regional portfolios. They are responsible for conducting target research and helping the senior leadership team anticipate and successfully respond to investment and acquisition challenges in ways that promote company growth and profitability.

Position Responsibilities

Acquisitions

• Identify target properties that meet the firm's specified acquisition criteria.
• Lead the due diligence process for assets under contract.
• Work with analyst to compile underwriting material.
• Present property and market specific reports to management and investment committee.

Leasing & Asset Management

• Negotiate real estate lease proposals and leases.
• Oversee management of property operations for the assets.
• Develop, draft and present material recommendations regarding the property’s operations, capital plan or investment strategy for Investment Committee.
• Oversee general property level analysis functions (i.e., CAM reconciliation’s, PM contracts, RFPs, construction, and vendor contracts) with the assistance of Asset Manager.
• Oversee, review, and approve budgets which will implement your strategic business plans.
• Perform economic analysis of all potential lease transactions to verify consistency with budget and/or proforma.
• Conduct in-depth market research in order to fully understand the position of each asset in its respective market from a leasing and investment perspective and all underlying factors which may influence it.
• Update demographic and market information for each asset for strategic planning and reporting purposes.
• Assume responsibility for the acquisition/due diligence process, including the selection of appropriate property managers and leasing agents, initial capital and operating budgets as well as review and approve acquisition underwriting assumptions.
• Review leases and lease abstracts, capital improvement budgets, and operational budgets

Position Skills & Experience

• Completed undergraduate degree from top-tier accredited institution, a post graduate degree will be considered an asset.
• 7-10+ years of relevant work experience.
• Experience leading a team (internal/external) on property operations.
• Strong understanding of real estate fundamentals and in-depth knowledge in sourcing and underwriting.
• Highly motivated with strong work ethics.
• Ability to work under tight deadlines in a demanding work environment.
• Strong organizational skills and attention to detail.
• Ability to create and edit Argus files.
• Advanced working knowledge of Microsoft Excel and other MS Office applications.
• Proficiency in Argus, Co-star and Real Capital Analytics preferred.
• Real estate specific coursework and or work experience preferred.

Dalfen Industrial is one of the largest private equity owner, operator, and developer of industrial real estate. The firm has raised multiple private equity funds, and currently manages over 55 million square feet, and has transacted on over $7.8 billion of deals. Dalfen is vertically integrated across 9 offices, offering a challenging and fast-paced work environment.

Visit www.dalfen.com for more information.