American Realty Advisors, LLC (ARA) is one of the largest privately held private equity institutional real estate investment managers in the United States, with over $11 billion in assets under management. ARA invests on behalf of institutional investors through core and value-add real estate funds and separate accounts, targeting industrial, office, multi-family, and retail assets nationwide through direct equity, hybrid debt, mezzanine, and preferred equity structures.

This role is based in ARA’s Chicago office, so the candidate will be expected to be a resident of Greater Chicago and commute to the office. We currently expect employees to work in person at least four days per week. This requirement may be adjusted in the future to reflect evolving business needs.

ESSENTIAL FUNCTIONS

Gain proficiency in understanding the firm's property management and asset management policies, procedures, and guidelines.
Understand economic, market, and real estate industry trends impacting the assigned portfolio.
Support asset managers with property leasing and operations, including:
- Review and evaluation of monthly reporting packages and cash flow distributions/contributions, identifying variances and discrepancies, and ensuring accuracy;
- Prepare detailed financial analyses of operating performance, leasing trends, submarket analytics, and competitive property analysis;
- Assist in preparing memos and presenting investment committee recommendations and other matters to firm leadership for asset repositioning, major leasing, hold/sell analyses, dispositions, acquisitions, development, large capital projects, and other threshold matters;
- Extract metrics from various data sources, including CoStar, MRI, and Argus Enterprise, to support the development of strategic business plans and property operating budgets;
- Maintain reputation, relationships, and efficient information flow between asset managers, third-party property managers, leasing teams, joint venture partners, portfolio managers, and leadership;
- Conduct periodic physical inspections of assets, touring competitive properties, developing industry knowledge and relationships, and commanding a general understanding of the market and submarket dynamics;
- Review common area maintenance reconciliations generated by third-party property managers against tenant leases and property operating expenses. Partner with accounting to ensure amounts billed tie with the general ledger. Submit reconciliation approval worksheets to the asset manager for approval and processing;
- Assist with the documentation process, developing an understanding of ARA’s legal forms;
- Create Economic Lease Analysis for each new lease proposal utilizing ARA's internal analysis model;
- Participate and provide input in negotiations from the lease proposal stage through lease execution;
- Participate in operational calls with property managers to discuss asset strategy, vendor engagement, asset performance, capital projects, leasing trends and marketing strategy, and other business matters;
- Support quarterly accounting reviews of each asset, including business plan and budget performance;
- Review and certify rent roll accuracy to ensure accurate reporting; and
- Complete annual budgets and quarterly investment status updates for assets
Conduct thorough market research to:
- Validate asset acquisition or new development underwriting;
- Support the proposed market positioning and asset strategy;
- Compile comparable sales data and future development pipeline;
- Assist the Investment Group in the overall underwriting, committee recommendation drafting, due diligence, and asset management transition processes, as needed for acquisitions and new developments; and
- Support dispositions activities by preparing the assets for sale, drafting the committee recommendation, interfacing with the disposition team, and supporting the overall due diligence and closing processes.
Support asset managers with oversight of the development and construction process, including:
- Conducting detailed reviews of construction draw packages and related monthly development and financial reports;
- Performing periodic site inspections with asset managers and construction services team;
- Participating in owner, leasing, property manager and partner status calls;
- Preparing development status reports and presentations for leadership;
- Developing a general understanding of the construction process, terminology, and AIA documents; and
- Preparing wire transfer requests for internal approval.
Support portfolio management to track and report critical issues and handle ad hoc requests from the portfolio management team.
Support quarterly and annual valuations processes for assigned assets, including:
- Reviewing quarterly asset valuations and follow-up on discrepancies or inconsistencies; interface with appraisers and asset managers to finalize value; and
- Verifying the accuracy of the rent roll, tenant recoveries, market lease assumptions, valuation metrics, operating expenses, and capital expenditures.
Based upon needs of ARA, support other analysts and associates in executing the various periodic requests that further department or firmwide initiatives.
Other activities that may be assigned from time to time.

CANDIDATE QUALIFICATIONS

Bachelor’s degree in Finance, Real Estate, or related field required.
Master’s degree in Finance, Real Estate, or related field preferred.
At least three (3) years of relevant experience in commercial real estate analysis or asset management; an intermediate understanding of real estate finance associated terms and formulas, as well as the construction/development processes.
Strong financial and mathematical skills including, but not limited to, the ability to calculate and understand discounted cash flows, net present value, and internal rate of return. A thorough understanding of accounting principles, including the ability to comprehend common accounting reports and operating statements, budget analysis, and financial reporting, is required.
Possess general knowledge of lease agreements, joint venture agreements, loan documents, property management agreements, leasing service agreements, development agreements, service contracts, and title documents. Have a broad understanding of the construction process, terminology, and AIA documents.
Ability to solve practical problems in situations where only limited information may be immediately available.
Ability to interpret a variety of instructions furnished in written, oral, or schedule form from multiple managers.
Familiarity with various software for word processing and spreadsheet preparation. Demonstrated proficiency and precision in Microsoft Excel with the ability and understanding of how to build formulas. Proficiency in ARGUS Enterprise models and reviewing and adjusting financial models.
Familiarity with MRI and Yardi reports.
Detail oriented with strong organizational skills and the ability to follow processes.

COMPETENCIES

The ideal candidate for this role will exhibit competency in the areas listed below. At ARA, we see possessing these traits as vital to the success of the position:

Creative Thinking – An innovative thinker who translates thoughts into actionable items.
Detail Oriented – Aptitude to delve into the details with ability to distill critical components down for others to understand and to take action on.
Works Collaboratively – A team player with a commitment to achieving objectives through collective action and communication.
High Energy – Thrives in a fast-paced, dynamic environment that is challenging, evolving and collaborative, where multi-tasking is essential.
Models Our Values – Conducts daily business and interactions with mindfulness to reflect ARA’s culture and promote its values and standards.
Results Driven – Outperforms expectations and promotes the firm’s competitive advantage through an analytical and context-driven approach to problem-solving

JOB SPECIFICATIONS

Expected work hours: 8:30 to 5:30, Monday through Friday, with occasional weekends.
Travel: Business trips with overnight stays may be required. Occasionally may need to drive a personal vehicle for business.
Work environment and physical demands: General office environment.

COMPENSATION

Full Time with Benefits

Estimated salary: $110,000 - $130,000. Actual compensation will vary based on candidate’s qualifications, education, and experience.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual’s race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by law state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and employment conditions.

ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.

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