Description
About MCRE:
MC Real Estate Partners is a privately held owner/operator of office assets focused on the New York, Boston, and Washington, D.C. metro areas. We invest across the risk spectrum alongside a valued group of institutional and private capital partners.
MCRE identifies and pursues opportunities that can benefit from our bespoke approach to market repositioning and rebranding as well as our ability to implement high impact capital and aesthetic improvements. We target properties consistent with our partners’ strategic priorities. These are typically located in the urban core but also include transit oriented or highly amenitized near-in submarkets, in each case supported by macro-economic drivers and strong fundamental demographics.
We are flexible and creative buyers, with the ability to address complex transactional issues and embrace property specific challenges. We are also proactive owner/operators developing dynamic work environments and engaged social communities for our tenants.
Job Description:
MCRE is expanding its acquisition team. We are seeking a driven self-starter with strong underwriting and interpersonal skills, a love of real estate and a hunger to grow. The candidate will play an important role in the growth of our Northeast US portfolio. Your primary responsibilities will be transaction underwriting and market/property level diligence. You will also be expected to participate actively in relationship building within our target markets and will have regular engagement with MCRE’s partners, lenders and other critical relationships. The ideal candidate will have at least 2-3 years of experience in real estate acquisitions or real estate investment banking. We are a relatively flat, team-oriented organization that combines the nimble flexibility of a boutique shop with the institutional level focus and expertise of our founders. As such, a solid cultural fit in addition to strong core quantitative competencies are key.
Responsibilities
- Underwrite new acquisition opportunities in New York, Boston and Washington, DC. Primary focus is on office investments across the risk spectrum with a secondary emphasis on core and core plus multi-family properties
- Build/maintain Argus files and Excel valuation models, review third party reports, perform financial diligence
- Perform market and transaction due diligence
- Assist in the asset management of portfolio properties
- Actively participate in external meetings with partners and lenders
Qualifications
- Outstanding analytical skills; proficiency in Excel, ARGUS and PowerPoint
- Understanding of real estate transactions
- 1-3 years of relevant real estate experience
- Passion for real estate
- Intellectual curiosity, strong desire to grow, willingness to be pushed outside of your comfort zone
- Strong verbal and written communication skills
- Self-driven, confident, organized, team-oriented, personable and dynamic
- Superior references
Other Details:
- Timing is immediate
- Compensation will be commensurate with the market and the individual’s experience
- Location will be in our NYC headquarters (partially remote during pandemic)
Experience
2+ to 5 years
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