Malvern, Pennsylvania, USA
11 days ago
Real Estate Acquisition Analyst
Overview This is a hybrid role based out of Malvern, PA CubeSmart is seeking to hire a Real Estate Acquisitions Analyst to join the Investments team at our corporate office in Malvern, PA. The Real Estate Acquisitions Analyst supports the company’s investment and external growth initiatives by underwriting self-storage facilities and providing market research and support throughout the acquisition and disposition process. Who we are: CubeSmart, a publicly traded real estate investment trust (NYSE: CUBE), is one of the top owners and operators of self-storage facilities in the United States. At CubeSmart, we’re intentional about culture. You can experience it everywhere from our mission statement of “genuine care” to our “It’s What’s Inside That Counts” tagline to calling each other “teammates” rather than employees. This spirit fosters a fun and collaborative environment that has resulted in our rapid growth and being recognized amongst the top in our industry. CubeSmart’s award-winning team is made up of people who genuinely care. Teammates care about our customers and the life events and/or business needs they are facing. Teammates are passionate, responsible and understanding. The CubeSmart team is made up of people who have a can-do attitude, are committed to their own success and the success of the company, and lead by example. If this sounds like a team and culture that matches your personal values and motivations, we want to hear from you. Responsibilities Underwriting Acquisition Opportunities Understands various methods to value commercial real estate – cap rates, NPVs, IRR’s, etc. Analyzes income statements and other financial and operational reports Understands demand and demographic drivers that are inherent to a successful real estate investment project Uses various resources – internal and external to gather necessary information to value opportunities Presents findings and recommendations to senior members of the Investments team Market Research Develops and maintains a system to monitor self-storage supply in target markets Utilizes numerous systems to research property/ownership information for acquisition opportunities Provides insight into market dynamics and fundamentals to better target opportunities to create outsized returns Reviews potential disposition targets within the owned portfolio to determine opportunities to recycle capital Acquisition & Disposition Process Support Manages tools to track and prioritize investment opportunities and acquisition efforts Assists with Investment Committee materials, including creating slides and analysis summaries Provides support during the due diligence process to make sure all materials are received and help with any issues that arise during the diligence process Company Investment & Growth Initiatives Monitors and maintains a corporate evaluation model which consists of ranking company real estate assets Develops tools and techniques to make screening and the underwriting process more efficient using external systems and company data Completes ad hoc analysis of targeted acquisition opportunities and investment opportunities within the portfolio including comparisons of prior acquisitions to underwriting Creates a more streamlined database for previously acquired and potential acquisition properties and portfolios Qualifications Bachelor’s Degree; concentration in finance or real estate preferable Two or more years in commercial real estate acquisition or finance role – storage experience preferable but not mandatory Advanced Excel and real estate financial modeling skills Experience with GIS and/or mapping software Thorough understanding of financial statements Strong attention to detail and organization The ability to manage multiple projects at once and shift priorities as needed Excellent oral & written communication skills We are an Equal Opportunity Employer, Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. #LI-MT1
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