Investment Associate

Location

Los Angeles, CA | United States

Job description

About McCourt Partners

McCourt Partners is a full-service real estate development, investment, and management firm with over $1 billion of permanent capital dedicated to real estate strategies. Our portfolio of projects spans the globe, including investments in flagship projects in New York, Los Angeles, London, and Dallas. We oversee the development process from the perspective of an owner and an investor. Our team has successfully planned, designed, and constructed over 30 million square feet of office, hotel, residential, and mixed-use projects with a total value of over $30 billion. Together, we have extensive experience in transformative, large-scale complex projects that leverage deep relationships with real estate advisors, contractors, and government entities.

We seek opportunities with upside that can be unlocked with patient capital and creative business plan execution. Our investment team has extensive experience in premier gateway cities, as well as high-growth markets in Texas and South Florida. With an indefinite duration, we’re well positioned to deliver compounding returns through unique opportunities such as existing income-producing properties with long-term redevelopment potential, and under-utilized sites that require time and land-use expertise to perfect entitlements for their highest and best use.

About the Role and Responsibilities:

McCourt Partners is looking for an analytical, inquisitive, and strong-minded Associate to help expand our real estate efforts. The Associate will be responsible for independently running and managing deal processes, reviewing acquisitions, and overseeing all Real Estate team initiatives. He/she/They will lead the team to analyze investment opportunities, asset dispositions, and financing structures, enabling the McCourt Partners investment and finance team to execute strategy and support senior-level decision-making.

Responsibilities:

• Underwrite potential acquisitions, predominantly in real estate, dispositions, refinancing, and ownership structures for all asset classes to support senior-level decision-making.
• Develop a strong network to seek off-market real estate transactions.
• Conduct in-depth valuation analysis of real estate assets and portfolios as well as due diligence on a wide range of opportunities. Assist in financing, structuring, and overall execution of transactions.
• Prepare cash flow models, incorporating analyses such as distribution waterfalls, sensitivity matrices, IRR, and NPV.
• Continuously refine revenue, cost, and exit assumptions for ongoing and prospective developments.
• Conduct and present analysis regarding potential acquisition opportunities, debt financing terms, and development activities to the senior management team.
• Prepare investment committee memos, confidential information memorandums, presentations, internal briefs, and related support material.
• Support annual and long-range strategic planning processes at the property and fund level.
• Perform financial analysis, strategic business analysis, and detailed industry research.
• The role is analytically intensive, and the ability to quickly understand and distill complex information into useful takeaways is critical; as is the ability to interpret broad themes and strategies, and to present such themes and findings in a thoughtful and polished manner.
• Encourage open communication and build consensus. Use tact and discretion in dealing with sensitive information, and keep stakeholders informed of decisions and directives as appropriate.
• Conduct business with an understanding and respect for the differences in customs, laws, regulations, and business operations among different jurisdictions, and cultures.
• Recognize personal bias and others’ tendency toward bias and take measures to mitigate the influence of bias in business decisions.
• Empower all employees to report unethical behavior or conflicts of interest without fear of retaliation.
• Assist with other ad-hoc projects and tasks as required.

Ideal Candidate :

The ideal candidate is a self-starter who can operate in a high-growth entrepreneurial environment. McCourt Partners is rapidly expanding and values candidates with a strong commitment to building a world-class vertically integrated real estate company through identifying generational real estate projects. The investment team focuses on value investments with favorable upside that can be unlocked with patient capital and creative business plan execution. With an indefinite duration, McCourt Partners is well-positioned to creatively structure investments to deliver compounding returns from unique opportunities that cannot be accessed by other institutional capital.

Ideal candidates will have excellent financial modeling skills, an extensive understanding of diligence execution, and strong presentation skills to effectively communicate complex ideas. Candidates who are detail-oriented, thorough, analytical, and results-driven will thrive in this role.

Requirements:

• Bachelor’s degree required with a preference for a degree in real estate, finance, business, economics, or mathematics.
• 3+ years of real estate/market analysis experience in private equity or investment banking. US market experience required.
• Must be able to build cash flow models for all asset types and financing scenarios.
• Strong communicator who can concisely summarize complex ideas.
• High proficiency in Argus, Excel, and PowerPoint.

Compensation:

The expected salary range for this position is $100,000 – $125,000 annually. The actual salary offer will be determined on factors including the qualifications, experience, skills, and abilities of the applicant. This role is also eligible for an incentive bonus. You’ll find a competitive compensation and comprehensive benefits package here at McCourt Partners.

McCourt Partners is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, genetics, disability, age, familial, caregiver or veteran status, or any other status protected under applicable law.

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