Market Officer New

at  Faropoint

PEOPLE. RELATIONSHIPS. TECHNOLOGY.

These are the three pillars that have made our group among the fastest-growing industrial real estate private equity companies, and one of the 50 largest owners in the U.S.
People: We are constantly seeking driven and intelligent people to help facilitate our exponential growth. The people in our company feature a specific culture and DNA – We move fast, are very agile, but also very thorough and data driven. Working at Faropoint will be in a dynamic environment that would be exciting and highly beneficial for your career.
Relationships: Our employees, partners, investors, and other stakeholders are always top of mind. Since we are consistently growing, there are always new opportunities for career advancement and new relationships to foster. The shoes that need filling just get bigger and bigger. All you need to do is demonstrate initiative and lead, and we will be right there next to you to support and help think through complex challenges. Within a relatively short period of time, you will witness that we trust your judgment to make big decisions on behalf of Faropoint and our business partners, as well as take charge of large projects and initiatives. That is the kind of relationship we have with our employees. We know our expectations are high, and we offer a competitive compensation package accordingly.
Technology: We continuously implement technological solutions to increase efficiency, transparency, and accuracy across our business units. Real Estate is considered a ‘conservative’ industry with common practices that do not always fit 21st century needs. Working at Faropoint will allow you to gain exposure to new, cutting-edge technology tools that provide us the ability to run fast, streamline processes, and add value to all stakeholdersThe ideal candidate will be responsible for all operational and financial aspects of properties including budget control and maintenance requests. You will act as the senior manager and supervise all relevant personnel.

JOB SUMMARY:

The Faropoint Investments team is looking for an ambitious and motivated Market Officer to join us in Chicago. Ideal candidate would have 7 – 10 years of Acquisition and/or Asset Management experience and is looking to expand their knowledge and experience to Real Estate Private Equity.

Responsibilities:

• Oversee the existing market team in Chicago, Illinois.
• Source investment opportunities and maintain ongoing relationships with business affiliates.
• Assist with disposition, acquisitions, and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing.
• Underwrite full life cycle of each asset from acquisition through disposition including investor returns under different scenarios.
• Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.
• Direct and steer Property Management teams to assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations.
• Assist with conducting transaction analysis and support due diligence for new acquisitions.
• Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership.
• Develop analytical tools to allow leadership to better understand the state of the portfolio.
• Review property manager operating expense and CAM reconciliations for accuracy, and provide final approvals to PMs prior to sending out tenant letters.
• Collaborate with other departments to improve and document processes and streamline reporting.
• Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms at or above proforma budget.
• Develop capital improvement strategies and oversee design and construction management activities.
• Negotiate third-party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio.

Candidate Profile:

• 7-10 years of commercial real estate experience with a focus on acquisition or asset management activities.
• Deep knowledge of the Chicago Metro market.
• Experience with industrial real estate (preferred).
• Bachelor’s Degree in Real Estate, Finance, Accounting, or related field (preferred).

Key Skills & Abilities:

• Advanced knowledge of Excel including building templates for other users, advanced modeling and underwriting skills.
• In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures.
• Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups.
• Strong analytical, accounting, and critical thinking skills.
• High comfort level with the technology used to aid in collaboration, communication, and documentation.
• Excellent written and oral communication skills.

• Oversee the existing market team in Chicago, Illinois.
• Source investment opportunities and maintain ongoing relationships with business affiliates.
• Assist with disposition, acquisitions, and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing.
• Underwrite full life cycle of each asset from acquisition through disposition including investor returns under different scenarios.
• Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.
• Direct and steer Property Management teams to assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations.
• Assist with conducting transaction analysis and support due diligence for new acquisitions.
• Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership.
• Develop analytical tools to allow leadership to better understand the state of the portfolio.
• Review property manager operating expense and CAM reconciliations for accuracy, and provide final approvals to PMs prior to sending out tenant letters.
• Collaborate with other departments to improve and document processes and streamline reporting.
• Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms at or above proforma budget.
• Develop capital improvement strategies and oversee design and construction management activities.
• Negotiate third-party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio