Real Estate Analyst

Summary

Basis Industrial is a vertically integrated real estate owner and operator. They are seeking a detail-oriented Analyst or Senior Analyst with expertise in real estate finance to support property valuations, portfolio performance tracking, and investment decision-making.

Responsibilities

• Research real estate markets and competitive properties and provide asset performance projections based on market conditions
• Develop and maintain the asset management models quarter over quarter
• Support company quarterly portfolio forecasting and budgeting efforts by updating portfolio Argus files
• Track ongoing capex and tenant improvement projects
• Utilize Yardi for property-level accounting data and integrate with excel for consolidated variance reporting and analysis
• Provide analytical assistance to support leasing and capital expenditure decisions
• Prepare underwriting for new lease opportunities and comparing budget projections
• Assist with various analyses, including working with the senior management team on special projects
• Perform detailed financial analysis of new investment opportunities and prepare one-pager summaries
• Produce investment memorandums for new acquisitions and present these to committee
• Help and oversee the due diligence process and closing of new investments and dispositions
• Provide analysis to support existing asset hold/sell recommendations
• Conduct ongoing analyses to support decision making related to the business plan of the investment (leasing, capital projects, financing, disposition, etc.)
• Communicate regularly and effectively with property management teams and review monthly property reports submitted for each asset
• Respond to requests from the investment committee, investors, brokers, lenders and property buyers/sellers
• Modify and update a proprietary discounted cash flow valuation model based on various scenarios and sensitivities. Assist in leasing directives and maintain vacancy schedules (this includes managing leads and assisting future tenants)
• Provide market research and analysis for identified potential self-storage developments utilizing Yardi Matrix, Stortrak, and Radius+
• Enhance/update a proprietary DCF valuation model specifically for self-storage development that runs from construction through lease-up and stabilization
• Track self-storage third-party management monthly financials/performance against original projections
• Perform detailed financial analysis of new development/investment opportunities and prepare one-pager summaries
• Assist in providing oversight of the self-storage third-party management groups including review of work orders and various day-to-day inquiries we receive that pertain to asset management

Skills

• Bachelor's degree in economics, finance, accounting, and or related area preferred
• 2-4 years of relevant experience, including: banking, real estate, finance, private equity or asset management
• A desire to learn and grow within a fast-paced real estate investment company
• Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel, PowerPoint, Yardi and Argus Enterprise)
• Strong analytical thinking and problem-solving abilities
• Exceptional written, communication, and organizational skills
• Occasional travel, and access to a car is necessary

Qualifications

Must Haves

• Bachelor's degree in economics, finance, accounting, and or related area preferred
• 2-4 years of relevant experience, including: banking, real estate, finance, private equity or asset management
• A desire to learn and grow within a fast-paced real estate investment company
• Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel, PowerPoint, Yardi and Argus Enterprise)
• Strong analytical thinking and problem-solving abilities
• Exceptional written, communication, and organizational skills
• Occasional travel, and access to a car is necessary

Benefits

• Health, dental, and vision insurance
• 401(k) with company match
• Professional development opportunities
• Performance-based bonus