Prudential Financial

PGIM Real Estate – Investment Analyst (San Francisco, CA/Hybrid)

Prudential Financial

full-time

Posted on:

Origin:  • 🇺🇸 United States • California

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Salary

💰 $80,000 - $90,000 per year

Job Level

Mid-LevelSenior

About the role

  • Work directly with a senior asset manager and a team on a portfolio of multifamily investments.
  • Provide general asset management and direction for a portfolio of multifamily assets across varying Fund risk spectrums including pre-development and development assets.
  • Maintain frequent contact with property managers, operating partners, consultants and leasing brokers.
  • Review periodic property reports and track operating performance.
  • Prepare regular updates summarizing results and respond to information requests.
  • Assist in the evaluation of dynamic unit revenue pricing.
  • Utilize Argus and Word to prepare analyses of various investment decisions - including hold/sell and financing scenarios.
  • Review quarterly appraisals for factual accuracy and consistency with other similar properties.
  • Oversee the budget process and preparation of the annual strategic plan for each property.
  • Prepare and/or review periodic internal reports and respond to information requests from the Portfolio Management team.
  • Work collaboratively with the transaction team for both the acquisition and disposition of properties.
  • Assist in the negotiation of contracts with property management and leasing firms.

Requirements

  • Bachelor\u2019s degree required; emphasis in real estate or finance preferred.
  • Understanding of key real estate agreements including leases, purchase and sale agreements, management and leasing agreements, partnership agreements, development agreements and loan agreements.
  • Understanding of basic real estate terms and concepts such as rents, operating expenses, capital expenditures, recovery of expenses, and basic finance concepts such as NOI returns, cash flow returns, internal rate of return, present value/discounted cash flow, capital markets.
  • Awareness of portfolio goals and ability to develop and monitor specific plans for individual investments that contribute to these goals.
  • Awareness of ESG, proptech, and data initiatives.
  • Strong interpersonal/communication skills; ability to develop and ask questions, negotiate acceptable terms with third parties and to make presentations to senior management, investment committee or clients, when necessary.
  • Capability of simultaneously handling multiple assignments and to direct and monitor the activities of others on a systematic basis.
  • Ability to use financial and valuation software including Word and Excel