Founded in 1995, Pine Tree is the premier owner and operator of open-air shopping centers in the US with over 17 million square feet and $2.5 billion of assets under management. Pine Tree employees are guided by our core values of collaboration, trust, diligence, and empathy to optimize and grow our portfolio through elevated, insightful, and value-driven solutions for our stakeholders. Pine Tree is an equal opportunity employer. Learn more at www.pinetree.com
Summary of Position
Pine Tree is seeking to add an Associateto a highly talented Investments / Asset Management team. This dynamic role will obtain first-hand experience of the entire ownership cycle of our assets. As an Associate, you will learn an invaluable amount of knowledge about our industry and contribute meaningfully to our growing team. You will interact with senior leadership and collaborate with each of our verticals including Acquisitions, Capital Markets, Leasing, Property Management, Construction, and Accounting. The ideal candidate for this position is an energetic individual who understands the basics of retail real estate analysis and is looking to take the next step in a fast-paced and rewarding environment at a growth-focused organization.
Responsibilities
Oversee property level operating and financial performance by aggregating and validating key metrics and communicating those results to joint venture partners
Contribute to the development and integration of strategic property initiatives
Proactively assess the assets in the portfolio for potential risks and opportunities for adding value
Calculate investment returns and provide sensitivity analyses for leasing, redevelopment, and sale scenarios
Review leases and other legal documents to determine the feasibility of value-add initiatives
Produce regular reporting for company stakeholders and lenders, ensuring accuracy and timeliness
Assist in development of technology related to property and fund level metrics
Maintain Argus models to provide projected property-level cash flows and valuations
Assist with market research and additional ad hoc requests for acquisitions and capital markets
Interact with senior managers and executive members on asset management and investment decisions
Desired Skillset & Qualifications
Bachelor's degree in finance, real estate, or a related field (preferred)
3 - 8 years prior commercial real estate investment analysis experience (retail preferred; title flexible based on experience level)
Ability to work both collaboratively within a team structure and independently
Willingness to contribute to process, culture, and general organizational improvements
Compensation + Benefits
Competitive salary, performance-based incentive, and attractive benefits including work / life balance and healthcare.
Pine Tree
We believe that trust, experience, humility, transparency, and responsibility should influence everything we do in business and life. As a result, we've built what we believe is the best team in the industry combining decades of experience in acquisitions, leasing, property management, development, design & construction, accounting, human resources, and marketing.