Company
Our client is a Boston-based investor and developer with offices in Raleigh and the DC Metro area and a talented team of 60+ professionals. The firm sources and executes investment opportunities in the commercial (office, industrial, flex/manufacturing, life science) and multifamily real estate sectors in select high-growth markets. The investment platform delivers attractive, risk-adjusted returns to equity investors.
Overview
This position will play a key leadership role as part of the firm’s real estate investment, development, and asset management activities, with a focus on commercial asset classes and multifamily land acquisitions. This Raleigh-based role is intended for an entrepreneurial investment professional with a strong background in commercial real estate investment and/or development and experience within the Raleigh market.
The hired candidate will drive sourcing, underwriting, due diligence, acquisition and financing and oversee asset/project management, portfolio strategy, and disposition, providing exposure to all aspects of the investment life cycle. The role will require close collaboration with the Raleigh-based team as well as the firm’s investment, development, and asset management professionals in other offices.
Job Responsibilities
This is a highly visible role leading local activities with other owners and investors, brokers, lenders, consultants, and other industry relationships. Additionally, this role has direct exposure to the firm’s senior leadership, directly reporting to Investment Committee. The firm’s investment business focuses on development and value-add acquisitions across commercial asset classes (office, industrial, flex/manufacturing, life science) and ground-up multifamily development. More detailed responsibilities for this highly impactful position include:
- Sourcing and evaluating new commercial real estate investment opportunities, including acquisitions, developments, joint ventures, recapitalizations, and other structured transactions
- Developing and maintaining relationships with brokers, owners, capital partners, lenders, consultants, and other market participants in the Raleigh-Durham and potentially the broader Carolinas region
- Contributing to business plan and investment strategy in the region, backed by market research
- Leading or overseeing financial underwriting of various real estate transactions including ground up developments and value-add acquisitions
- Identifying, validating, and challenging underwriting assumptions through market research, broker outreach, comparable analysis, operating data, and investment judgment
- Creating investment and financing presentations appropriately summarizing key aspects of the deal and presenting to the Investment Committee or debt/equity partners
- Managing the due diligence process, including the review and analysis of development feasibility, operating information, and legal documentation
- Partnering with asset management and development teams to monitor business plans, portfolio performance, leasing strategies, capital investment decisions, financing alternatives, and disposition opportunities
Qualifications and Skills
This role requires an entrepreneurial approach to day-to-day activities, strong real estate investment judgment, financial modeling competency, strong communication and people skills, and the ability to prioritize and multitask. The ideal candidate will have the following skills and qualifications:
- Relevant work experience in commercial real estate, preferably in an investment or development role
- A bachelor’s degree in finance, economics, real estate, or other relevant discipline demonstrating strong academic performance
- Demonstrated experience sourcing, evaluating, underwriting, and/or managing commercial real estate investments
- Strong analytical and problem-solving abilities with ability to think strategically and exercise sound judgement
- Demonstrates strong leadership, with the ability to build, lead, mentor, and develop a high-performing investment team, along with the judgment, strategic perspective, and collaborative approach required for the role
- Advanced proficiency in Microsoft Excel with a strong aptitude for creating and manipulating sophisticated, complex underwriting models
- Expertise in Argus Enterprise, Microsoft Word, PowerPoint, and CoStar
- Enthusiastic self-starter with the ability to work independently, collaborate across offices, and complete tasks with minimal guidance in a fast-paced entrepreneurial environment
- Strong relationship-building skills and the ability to represent Redgate professionally with brokers, partners, consultants, and industry professionals
- Ability to prioritize, be organized, and handle multiple transactions or projects simultaneously
- Excellent oral, written, presentation, and interpersonal skills