Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce.
Arena is looking to expand the Real Estate Credit team with an addition of an Associate. The Associate will be primarily responsible for underwriting and financially analyzing investment opportunities as well as performing property and market due diligence. The Associate will play an active role in closing and asset management of the firm’s real estate investments.
We are seeking someone who understands the importance of the technical skills relative to underwriting and asset analysis but will also eventually be able to take a front seat in sourcing new deals and building/maintaining relationships within the real estate industry across various markets.
*Please note this role requires travel to our Purchase NY office 2 times a week*
Responsibilities: Support the private real estate credit team in underwriting and executing new investments for a wide range of commercial real estate transactions. Investments include senior bridge loans, mezzanine loans, and preferred equity backed by virtually all property types throughout the US. Create detailed and complex financial underwriting models for financing real estate investments. Perform asset-level and market-level due diligence. Develop thorough understanding of a deal’s capital structure and business plan and key risks to performance through discussions with sponsors, market participants and investment professionals. Understand physical characteristics of properties, and the related competitive advantages and disadvantages. Understand and critically evaluate the existing and potential operating characteristics of a project (Revenue, expenses, capital expenditures, tenant credit, leases). Identify a project’s demand drivers; gather market information through independent field work and direct contact with brokers, appraisers, and developers. Synthesize information and draw a conclusion on future market rent, absorption, vacancy, and liquidity in the investment market. Prepare term sheets and letters of intent Communicate conclusions into a comprehensive investment memorandum to be presented to senior management for consideration and approval. Participate in Investment Committee discussions. Participate in and provide support for the ongoing asset management of each investment, including major deal level decisions as well as evaluate overall portfolio risks and opportunities Review legal documentation in concert with team and counsel throughout the negotiation and closing process