The Transaction Manager provides ongoing management of real estate transaction activities and financial underwriting in a defined market. The Transaction Manager's responsibilities will include, but not be limited to, preparing RFPs, underwriting, and analyzing real estate proformas, oversight of the entire transaction process from client project approval through delivery and close out process, coordination with internal client teams, and management of field brokerage professionals. The Transaction Manager will also serve as the in-house point-of-contact for clients, brokers, and others to collect or to provide information on all account transactions. This position is located in Denver, CO.
Essential Job Duties:
Provide real estate analysis and transaction management support to the multifamily investment sales team.
Analyze and interpret operating statements, rent rolls and other financial reports for a variety of multifamily properties.
Prepare financial models using Excel (including cash flow projections, sensitivity analyses and return analyses).
Work closely with brokers, participate in and strategize for formal presentations (RFP's) for various Private and Institutional (REIT, Pension Fund, etc.) clients.
Work closely with brokers, manage entire marketing, negotiation, due diligence and closing process of multiple listings with major national and regional clients.
Identify and approach prospective sellers/investors/purchasers of multifamily assets in target markets.
Identify multi-family assets (100 units and above, Development sites, etc.) for potential disposition using various forms of research.
Conduct formal property tours with national clients on a regular basis.
Organize transaction documents, assemble and track due diligence items on properties during the disposition process.
Provide assistance and leadership support to business analysts and marketing personnel.
Respond to prospective purchasers' information requests (i.e., send updated financials, sales master, pipeline, detailed underwriting questions).
Conduct in-depth market research, cutting edge analysis and underwriting for a full range of multifamily assets including existing apartment properties (over 100 units), land development, fractured condominiums, for some of the largest owners of multifamily properties in the U.S.
Assist in the research, drafting and proof reading of marketing proposals, investment offerings and presentations for national and regional clients.
Assist in research, analysis, drafting and proof reading of various research assignments, market "white" papers, etc. Must demonstrate a broad and specific knowledge of macro and micro elements affecting multifamily industry locally and nationally.
Oversee analyst and marketing personnel's research, underwriting and analysis.
Skills, Education And Experience:
Bachelor's degree in business or real estate.
2-6 years of experience related to multifamily real estate investment and/or brokerage experience preferred
Real estate sales associate license required.
Excellent oral and written communications skills.
Strong knowledge of Microsoft Office including proficiency in Excel, PowerPoint, Outlook etc.
High degree of professional customer service to both internal and external parties.
May perform other duties as assigned.
Benefits and Perks:
Industry leading Parental Leave Policy (up to 16 weeks)
Generous healthcare
Bright Horizons back-up care program
Generous paid time off
Education reimbursement
Referral Program
Opportunities to network and connect within the industry
Salary: $75,000 - $80,000 annually
The expected base salary for this position ranges from $75,000 to $80,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.