Analyst – Asset Management and Acquisitions

*** PLEASE DO NOT EMAIL CORETRUST TEAM DIRECTLY. APPLY THROUGH SELECT LEADERS ONLY ***

Coretrust Capital Partners, LLC (“Coretrust”) is a fast growing, vertically integrated investment manager focused on the acquisition, re-positioning and operation of large office properties nationwide.  Coretrust was founded in 2014 as a successor firm to Thomas Properties Group, Inc. (NYSE: TPGI).  The firm provides fiduciary investment management services to institutional clients. Coretrust currently manages a discretionary fund with $1 billion total investment capacity. While employed at TPGI, the team managed over $4 billion of institutional capital in both co-investment and separate account formats.  Since its formation, Coretrust has assembled a portfolio of 4 million square feet located in Philadelphia, Los Angeles and Northern Virginia. The firm’s current investment focus is prominent, large-scale office buildings in targeted major metropolitan markets in the Mid-Atlantic, West Coast and Southwest regions. Coretrust is a Registered Investment Advisor (RIA).

The Analyst – Asset Management and Acquisitions will be involved in various analytical activities in support of the company’s investment management objectives, including asset management, portfolio management, investor and asset-level reporting, acquisitions, dispositions and capital markets transactions. Working closely with the Asset Management and Acquisitions teams, the successful candidate will assist Coretrust executives in their effort to drive property performance throughout each asset’s hold period as well as tracking and underwriting potential acquisition opportunities. Coretrust has grown from 400,000 square feet in 2014 to 4 million square feet in 2018 and from 1 employee to 13 employees in the same period. Coretrust plans to continue growing quickly, acquiring some of the most prominent properties in markets, and is looking for dynamic people to grow with the company.


RESPONSIBILITIES:

• Assist the formulation of the Strategic Plan for each asset, including market positioning and leasing strategies, capital improvement programs, budgetary review and approval, operations oversight, appraisal activity, hold/sell analysis and client reporting.
• Assist in the formulation of the Annual Business Plan for each portfolio asset, including operating budgets and leasing guidelines and forecasts.
• Contribute to underwriting potential acquisitions, reviewing financing alternatives and participating in due diligence activities.
• Track new opportunities in the market and assist in the production of market-level investor reports.
• Assist with evaluating and resolving operational and leasing issues.
• Contribute to asset management functions including budget and financial statement review, capital recommendations.
• Maintain Argus and Excel valuation models for each asset and assist with portfolio-level modeling and returns analysis on a quarterly basis, as well as property-level partner and lender compliance activities.
• Continuously investigate and gather information on market and product trends that will maintain and enhance the Company’s strategic and competitive advantages.
• Participate in the Company’s Investment Committee processes.

QUALIFICATIONS:  

• Bachelor's degree required with a concentration in real estate, finance, business, or accounting preferred preferred
• 2+ years of professional experience working within an investment bank, institutional real estate fund, or an institutionally backed owner/operator
• Outstanding proficiency in creating complex financial models for real estate financial analysis using Excel, including knowledge of advanced Excel functions and ability to create joint venture waterfalls
• Argus proficiency
• Strong analytical, quantitative, organization and communication skills
• Demonstrable understanding of financial statements, use of comparative data and financial forecasting is required
• Ability to work in a challenging, fast paced environment and handle multiple projects simultaneously
• Accuracy and attention to detail is critical
• Willing to question assumptions, demonstrated passion for continuing education, and has a strong interest in the built environment