Real Estate Investment Associate
Company: New York Live Real Estate Investors
A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.
REAL ESTATE INVESTMENT ASSOCIATE -- COMMERCIAL DEBT AND EQUITY INVESTMENTS
New York Life Real Estate Investors has an immediate opening for a Real Estate Investment Associate in its Western Regional Office located in San Francisco, California.
The Investment Associate will primarily support senior real estate debt and equity originators and will be involved in all aspects of the transaction origination process including underwriting, research, due diligence, and closing. Financial modeling, investment analysis and preparation of internal investment memoranda are the core aspects of the job.
This position offers an outstanding opportunity to: develop a solid career in commercial real estate, work on complex and creative transactions, and interact with many of the premier players in the industry. The right person has useful experience/training and is interested in real estate and finance as a career. The right candidate has strong analytical abilities, communicates clearly, can think quickly on their feet and multi-task, enjoys working hard, is outgoing and enjoys working cooperatively on a team.
With over $55 billion in assets under management, New York Life Real Estate Investors is one of the largest real estate investment advisors in the country and a leading provider of real estate capital. Real Estate Investors focuses on the origination of real-estate-related debt and equity investments on behalf of New York Life Insurance Company and our third-party investors. Our three investment platforms include: Commercial Mortgage Loans, Direct Equity Investment and Real Estate Securities Investment (CMBS and REIT debt). More information on the Company can be found at: www.nylrealestate.com.
The Western Regional Office is responsible for the origination of commercial debt and equity investments throughout the Western United States. Major markets include: Southern California, Northern California, the Pacific Northwest, Arizona, Nevada and Texas.
SKILLS AND QUALITIES
• Strong analytical, quantitative and technical skills -- including experience using Argus and Excel software
• Strong written and verbal communications skills
• Clear thinker, creative yet thorough problem-solver, strong research skills
• Positive demeanor, outgoing personality and the ability to work cooperatively with other team members
• The ability to work under pressure, manage multiple projects, multi-task, negotiate competing priorities
• Self-motivated, pro-active, sense of urgency, conscientious, takes pride in providing high quality work product
• Solid working knowledge of commercial real estate including office buildings, shopping centers, apartments and industrial warehouse buildings
A four-year BA or MBA degree with a minimum 3.3 GPA is required, preferably with a concentration in Finance, Real Estate, or Accounting. The candidate should have one to four years of real estate investment/underwriting experience, preferably working for an institutional investment company, commercial lender, brokerage company, appraisal firm or related commercial real estate firm. Proficiency in Microsoft Excel, Word and Argus is required.