Job Description

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.

About the job

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.

Job Summary:

The Associate will work closely with the team to execute acquisitions for both equity and debt investment opportunities of all asset classes across the risk-reward spectrum. The Associate will partner with junior and senior-level professionals on various projects at all stages of the investment process.

Responsibilities:

• Create sophisticated financial models of new acquisitions and developments, utilizing both Microsoft Excel and Argus.
• Prepare comprehensive materials to be shared with relevant internal and external stakeholders.
• Conduct market research and due diligence on a variety of potential investment opportunities in various real estate sectors with a primary focus on multifamily and office.

Top Competencies

• Analytical: Independent ability to conduct complex analyses.
• Organizational Skills: Detail oriented, proactive, efficient, strategic, ability to multitask. Able to complete defined scope and anticipate some likely follow-up. Able to take several sequential steps toward completion with less guidance.
• Knowledge of the Real Estate Industry: Familiarity with various product types & investment structures. Has advanced knowledge of a wider variety of documents/concepts.
• Tech Savvy: Strong ability to utilize systems to support decision making, efficiently execute and use short cuts, present a strong narrative in Powerpoint. Including but not limited to: Yardi Matrix, Costar, Chatham Direct (debt platform), Excel, Powerpoint, Argus
• Teamwork/Network Building/Interpersonal Savvy: Cooperates and works effectively with others. Productive relationships exist.
• Communicates Effectively: Communicates effectively, both verbally and in writing, with Internal and External Stakeholders. Presents a clear argument on straightforward topics. Requires guidance from superiors on articulating more complex ideas.

Experience and Education

• 2-5 years of experience working in real estate finance, acquisitions, or investment banking
• Bachelor's degree. Major in real estate, finance, accounting, or economics preferred
• Passion for real estate and finance

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).

Bonus eligible.

Pay Range

$110,000—$150,000 USD

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).

Bonus eligible.

Pay Range

$110,000—$150,000 USD

RXR is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law.

RXR is committed to the full inclusion of all qualified individuals. As part of this commitment, RXR will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact 516-506-6847.