Associate - Retail Investments

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Overview

Amongst other acquisition, investment and leadership initiatives, this position will largely focus on (i) evaluating and underwriting potential acquisitions for Sterling's value-add retail and grocery-anchored retail funds, and (ii) performing due diligence and taking a prominent role with deal execution for the steady flow of acquisitions and dispositions consummated by Sterling's fully committed and fully discretionary investment vehicles.

Responsibilities

• Prepare financial models and cash flow forecasts with IRR and equity multiple sensitivities; assist with reviewing financial models prepared by Investment Analysts
• Perform rigorous due diligence on awarded deals to ensure Sterling has an all-encompassing understanding of the asset and associated risks prior to closing on a transaction
• Begin to quarterback transaction execution for less complex acquisitions and dispositions
• Actively contribute to the leadership, training and development of junior team members; lead annual campus recruiting efforts
• Project acquisition performance and produce both quantitative and qualitative reports that help investors understand financial risks and key return metrics
• Effectively communicate with real estate brokers and corporate counterparties as part of active and prospective transactions
• Lead the preparation of Investment Committee memoranda and other materials
• Oversee the management of Sterling's pipeline of acquisition targets being evaluated by the firm
• Solidify understanding of retail leases; analyze the same with regards to tenant control rights, expense reimbursements, percentage rent obligations, co-tenancy impacts, etc.
• Work closely with key company personnel in financing and disposition transactions
• Perform ad-hoc reports and special projects as needed

Skills & Abilities

Requirements

Compensation

Compensation commensurate with experience. Full benefits including health and dental insurance, 401K and annual performance bonus.

Sterling Organization is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, ethnicity, age, disability, veteran status, marital status, or any other characteristic protected by law.

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