NorthMarq Investment Sales is seeking a highly-skilled and driven individual who is interested in joining one of the most active multifamily brokerage teams to manage the analysis of properties and financial underwriting for all team assignments and exclusive engagements. The to-be-hired Senior Associate will exclusively be part of the team based in Charlotte, NC and will play a key role in the evaluation and marketing of exclusive engagements procured by the team. The candidate must possess a passion for the commercial real estate industry, specifically multifamily investments, as they will obtain extensive exposure to multifamily assets, manufactured housing communities, and land development opportunities for multifamily product throughout North and South Carolina, covering both private and institutional capital sectors.
The Senior Associate will be an integral member of production team, providing support on all property related tasks, while working closely with the producers from the onset of all assignments and exclusive engagements.
The to-be-hired Senior Associate is expected to collaborate with senior team members in preparation of preparing Broker Opinions of Value, conduct submarket and property-level comparable research reports, and interface with property managers, in addition to the administration of the day-to-day operations for the team. As a result of the requirements of the position, the Senior Associate must be a self-starter and possess the ability to work both independently and cohesively within a team environment. The successful candidate will have the potential to grow into a more senior role with multiple career path options as our team continues to build market share in one of the most dynamic regions in the country for multifamily investment sales.
Individuals with prior multifamily underwriting experience are strongly encouraged to apply.
*Questions on this position, please contact Maria Sather (Human Resources at NorthMarq).
Preparation of Brokers Opinions of Value and Offering Memoranda
Underwrite multifamily assets using Excel software.
Analyze historical operating statements, budgets, leases and loan agreements, as well as current market conditions in order to determine financial underwriting assumptions.
Review, analyze, comprehend, abstract and interpret various types of real estate documents.
Identify critical property level financial issues and recommend areas for value-add opportunities.
Gather and track critical financial data points for research and negotiation purposes.
Create evaluations of properties and sensitivity analyses.
Conduct market research, including sourcing/mining data, evaluating information, and analytical reporting
Strategize with team members and clients to generate creative alternatives.
Ability to present results of analyses in a formal client setting to audiences with a wide range of financial acumen.
Strategize with team members and provide materials that allow the top producers to generate new relationships
Direct communication with Capital Markets professionals, property managers, asset managers and principals
Required Minimum of 2 years of multifamily underwriting experience.
Strong understanding of financial terms and principles necessary in real estate underwriting, including Discounted Cash Flow, IRR, NPV, Time Value of Money, Return on Equity, etc.
Experience involving the valuation of income-producing properties
Ability to comprehend, analyze and interpret various types of real estate documents, including financial statements, loan documents, deed of trust, etc.
Strong verbal and written communication skills – ability to interact effectively and professionally with a wide variety of internal parties
Ability to write in clear and concise manner that distills takeaways from larger data sets
Close attention to detail, strong organizational skills, and ability to multi-task.
Intermediate-level skills with Adobe InDesign and Microsoft Office Suite including PowerPoint, Excel and Word are a plus
Solid organizational skills and ability to manage multiple assignments with changing priorities.
Team player, strong work ethic and passion to work in the commercial real estate industry.
Strong analytical skills, financial/math skills and a keen sense of numbers.
Candidates should be intellectually curious, and able to synthesize investment recommendations and asset management strategies for the firm's clients
For nearly 60 years, NorthMarq has been a capital markets provider of debt, equity, and loan servicing to commercial real estate investors through its regional offices from coast-to-coast. Our expanded platform now includes investment sales for multifamily assets, further broadening our commitment to building stronger relationships that deliver better results throughout the entire life of ownership.
As a leading capital markets provider, NorthMarq has decades of expertise built on strong relationships. As the company grows, the foundation built on our core values—integrity, respect and community—is critical. We pride ourselves on quality, customer service excellence and results.
We know our most valuable asset is our employees. Recruiting and retaining the best people in the industry is critical to our ongoing success. Each of our employees has opportunities for personal growth and works in a place where results are rewarded. Across all of our 30+ offices, we have a strong sense of camaraderie united by our corporate headquarters in Minneapolis, Minnesota.
We are privately owned, part of the Pohlad Companies family of businesses.