LOCATION Wayne, PA (Suburban Philadelphia) or Denver, CO (TBD based on applicant preferences) COMPANY OVERVIEW Argosy Real Estate Partners (“Argosy”) is a real estate investment management company that specializes in lower middle market opportunistic, value-add, and core plus real estate investments. Argosy currently has $1.1 billion of gross real estate assets under management. Argosy is currently investing its fourth fully discretionary, commingled opportunistic fund and its first fully discretionary, commingled core-plus fund. Argosy is also making selective Opportunity Zone investments. Argosy Capital manages capital on behalf of institutional investors, family offices and high net worth individuals. The core of Argosy’s investment strategy is investing in joint ventures with experienced operators in properties that provide significant upside potential and controllable downside protection. Working closely with our partners, Argosy employs a disciplined investment approach focused on low cost basis, risk mitigation, value creation, and multiple exit strategies to generate superior risk-adjusted rates of return to its investors. Argosy invests in primary and secondary markets throughout the U.S. with a focus on the multifamily, lodging, office, retail, residential land, and industrial sectors. Argosy is based in Wayne, PA (suburban Philadelphia) with regional offices in San Francisco and Denver. More information can be found at www.argosyrealestate.com.
THE POSITION Argosy is seeking a highly energetic and motivated Associate to join the investment team. Argosy employs a cradleto-grave approach with its investments, and the Associate’s responsibilities will include underwriting new opportunities as well as asset management of existing investments. Specific duties will include evaluating new investment opportunities, financial analysis, preparation of investment committee memos, internal presentations and reporting for the investment committee and fund investors. The candidate will work closely with other team members, joint venture partners, brokers and consultants. The successful candidate will have the opportunity to join a small, entrepreneurial team, work directly with senior management, and gain exposure to a wide variety of real estate transactions nationwide.
Primary areas of focus include:
Investment underwriting, financial analysis, due diligence, market analysis, site inspections, managing documentation, and investment closings.
Market, economic and demographic research to evaluate markets for existing or potential investments.
Asset management of existing property investments. This will include communicating with joint venture partners, preparing asset reports, maintaining and updating financial projections, preparing property valuations, property site inspections, market research and analysis.
Preparation of verbal and written presentations to the investment committee in relation to proposed transactions and existing investments.
Working with senior team members on business development.
Bachelor's degree required, preferably with a major in finance, real estate, accounting, or economics.
MBA preferred, but not required.
Prior experience (3-5 years) working in the commercial real estate industry.
Strong understanding of all aspects of real estate investment, development and financing processes, including but not limited to market analysis, financial analysis, property valuation, and capital markets.
Team player who is organized, proactive, self-directed, conscientious and assumes accountability and responsibility for specific performance and work product.
Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
Ability to communicate clearly and concisely both orally and in writing.
Strong quantitative and analytical skills, particularly with respect to real estate finance metrics.
Advanced excel modeling capabilities. ARGUS experience a plus.
High level of initiative and strong work ethic; creativity and entrepreneurial spirit; track record of leadership.
COMPENSATION Competitive base salary; bonus based on individual and firm performance. CONTACT INFORMATION Cover letters and resumes may be sent via email to: Caroline Frank, email@example.com Argosy Real Estate Partners 900 West Valley Road, Suite 1000 Wayne, PA 19087