Job Description
POSITION SUMMARY: As part of the Investments team at First Washington Realty, this role is responsible for providing analytical support regarding the feasibility of owned shopping center redevelopments and the redevelopment of prospective acquisitions.
ESSENTIAL DUTIES AND RESPONSIBILITIES: - Gather, organize, and maintain accurate financial and market data to support redevelopment feasibility studies, underwriting efforts, and informed decision-making.
- Develop and modify detailed Argus Enterprise and Excel models to evaluate current and projected financial performance for redevelopment opportunities within the existing portfolio and potential acquisitions.
- Build and maintain comprehensive financial models incorporating sensitivity analyses (including IRR, pro formas, return on cost, NPV, etc.) for redevelopment and ground-up development projects.
- Conduct detailed pre-development feasibility analyses for acquisitions and redevelopments, including projections related to construction costs, leasing assumptions, and timelines.
- Collaborate with internal teams (leasing, operations, construction) and external consultants to refine assumptions.
- Assist in due diligence activities, including zoning reviews, entitlement evaluations, and lease reviews.
- Work closely with project leads to monitor project timelines and assess development returns.
QUALIFICATIONS, KNOWLEDGE, AND SKILL REQUIRED: - BS/BA in Real Estate, Finance, Urban Planning, Economics, or related field preferred. Advanced degrees (MBA, MSRE) and certifications are a plus.
- 2+ years of experience in real estate development, finance, investment analysis, or a related field.
- Knowledge of financial and real estate development concepts necessary to determine investment feasibility.
- Strong skills in financial modeling platforms – Microsoft Excel and Argus Enterprise with a high level of accuracy in analysis and reporting.
- Working knowledge of CoStar, Placer, and GIS tools preferred.
- Exceptional written and verbal communication skills with the ability to present complex data in a clear, professional manner, and skilled in the ability to work effectively with cross-functional teams while maintaining independence in execution.
- Experience with a broad range of primary and secondary research methods, both qualitative and quantitative.
- Demonstrate the ability to think clearly and analytically to identify current and future market issues through research techniques and competitive intelligence.
- Curious and entrepreneurial mindset with a methodical and detail-oriented approach to finding solutions.
- Knowledge of and ability to use tools and techniques for collecting, collating and analyzing information on existing or potential markets to meet market needs.
- Has excellent time-management skills and is able to meet deadlines effectively and efficiently.
- Proven ability to work closely with leadership to define daily and weekly priorities. Actively seeks and accepts constructive feedback while giving the same.
- Has intermediate understanding of real estate fundamentals.
PHYSICAL AND ENVIRONMENTAL REQUIREMENTS: - Use of a computer screen for extensive periods of time.
- Occasional lifting up to 30 lbs.
- Extended working hours and travel may be necessary.
- May require the ability to remain in a stationary position (standing and/or seated).
The above statements are intended to describe the general nature and level of work being performed by the individual(s) assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary.
First Washington Realty is an equal opportunity employer and does not discriminate based on race, color, religion, national origin, gender, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other status protected by law.
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