Associate, Asset Management at RXR

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Real EstateIndustries

Requirements

Excel Proficiency: Excel modeling proficiency for all areas including the most complicated items (waterfalls, promotes, portfolio/unique structures). Able to “own” models independently and accurately
PowerPoint Proficiency: Growing proficiency in building decks used for both internal and external audiences, with minimal oversight
Knowledge of the Real Estate Industry and RE Legal Contracts Negotiation: Familiarity with various product types & investment structures. Has advanced knowledge of a wider variety of documents/concepts and can analyze, identify, and communicate the appropriate position on complicated documents with minor business and legal oversight
Tech Savvy: Strong ability to utilize systems to support decision making, efficiently execute and use short cuts, present a strong narrative in Powerpoint. Including but not limited to: AIRM, Yardi (Residential & Commercial), Kardin, Monday.com, Prophia, Yardi Matrix, VTS, Costar, Chatham Direct (debt platform) Excel, Powerpoint, Argus
Teamwork/Network Building/Interpersonal Savvy: Cooperates and works effectively with others. Productive relationships exist
Analytical: Independent ability to conduct complex analyses
Organizational Skills: Detail oriented, proactive, efficient, strategic, ability to multitask. Able to complete defined scope and anticipate some likely follow-up. Able to take several sequential steps toward completion with less guidance
Communicates Effectively: Communicates effectively, both verbally and in writing, with Internal and External Stakeholders. Presents a clear argument on straightforward topics. Requires guidance from superiors on articulating more complex ideas
2-3 years of experience working in real estate finance, acquisitions, development

Responsibilities

Create sophisticated financial models of new acquisitions and developments as well as currently owned asset management models utilizing both Microsoft Excel and Argus
Interact with internal systems and software to effectuate daily responsibilities
Assist in performing refinancing analyses, quarterly valuations, leasing NPV/NER, and other ad hoc analyses
Assist in the structuring, capitalization, and closing of investments and refinancings
Possess a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general asset management responsibilities
Assist in the preparation of annual budgets and business plans for both newly acquired and existing assets
Conduct market research and due diligence on a variety of potential transactions
Prepare and present investment committee memoranda for new investments and strategic opportunities
Assist in preparation of monthly, quarterly, and annual lender and investor reports and presentations, including annual business plans
Provide support in the preparation of quarterly re-forecasts and variance analyses

Skills

Excel

Argus

Financial Modeling

Asset Management

Market Research

Due Diligence

Valuation

Budgeting

Leasing Analysis

Investment Memoranda

RXR

Real estate development and property management

About RXR

RXR operates in the real estate sector, managing a diverse portfolio that includes residential, commercial, and mixed-use properties. The company focuses on acquiring, developing, and managing high-quality real estate, generating revenue through rental income and property sales. RXR's properties cater to a variety of clients, from young professionals looking for affordable housing to businesses in need of modern office spaces. A key aspect of RXR's approach is its Innovation Digital Lab, which develops technology and forms partnerships to improve urban living experiences. What sets RXR apart from its competitors is its strong commitment to social responsibility, civic engagement, and promoting accessibility and inclusion in the communities it serves. The company's goal is to create positive impacts through its developments while ensuring equal opportunities for all.

New York City, New YorkHeadquarters

1987Year Founded

$933.4MTotal Funding

PRIVATE_EQUITYCompany Stage

Design, Real EstateIndustries

201-500Employees

Benefits

Flexible Work Hours

Professional Development Budget

Risks

Latch's expansion could threaten RXR's property management services.

Neeve's cloud solutions may challenge RXR's technological edge in property management.

Suffolk Technologies' BOOST program could introduce innovative competitors to RXR.

Differentiation

RXR leverages its Innovation Digital Lab for cutting-edge technology in urban environments.

The company maintains a multi-sector, geographically diverse portfolio of properties.

RXR is committed to social responsibility and civic engagement in its operations.

Upsides

Latch's smart access systems enhance RXR's tenant experience and operational efficiency.

Neeve's cloud infrastructure aligns with RXR's innovation goals for smart buildings.

Suffolk Technologies' BOOST program offers RXR access to cutting-edge built environment solutions.

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