Beyond the large public REITs, a handful of global service companies and investment managers, the real estate industry is a mosaic of small entrepreneurial and locally focused owners, developers, investors and consultants.
Statistics indicate that 80% of real estate companies are comprised of 15 or fewer employees, and the founders of these companies are hard charging, creative and financially savvy entrepreneurs whose extraordinary, talents, capabilities and accomplishments are legendary. Alas, the virtues of many of these individuals are mitigated by their limited management skills which undermines their full potential and exposes the company to higher risks during market gyrations and inevitable downturns.
The most successful of these micro companies that I have observed are either a partnership of two founders, with one focused on management and execution, enabling the other to “do deals,” or a founder who wisely brings on a COO or operating exec who minds the store and keeps the ship steady. The success and longevity of any enterprise is ultimately dependent not what the founder knows, but what he or she recognizes what they don't know, and covers the gap with someone brings the talent and expertise. A very simple 1+1=3 equation.
Sponsored Jobs:
CITIBANK
Global Head of Retail Store Design and Development
(NEW YORK, NY) The Global Head of Retail Store Design & Development will have overall responsibility for design and development including construction of the global retail branch network including all retail program's, refurbishments, relocations and denovo branches. The senior leadership position will acquire support and commitment from key Global Consumer Bank stakeholders and retail partners at the global and regional level to meet strategic initiatives and goals. (Sponsored Job)
THE RICHMAN GROUP
Acquisitions Analyst
(GREENWICH, CT) Selected candidate will prepare financial analyses related to multi-family acquisitions and syndications that qualify for low income housing tax credits and support the acquisitions teams to take investments through the acquisitions process from proposal letter to closing. (Sponsored Job)
RETAIL PROPERTIES OF AMERICA, INC.
Leasing Manager
(SEATTLE, WA) Position will be responsible for executing the marketing and leasing strategy for the West Region of properties located in the states between Kansas and California. Duties include overseeing the entire leasing process from procurement through signature. (Sponsored Job)
ULLICO
Senior Portfolio Analyst
(SAN FRANCISCO, CA) Candidate will be responsible for tracking project performance, preparing and analyzing financial projections, and updating internal reporting for existing loans within the real estate portfolio; assisting in the research, underwriting, due diligence, and preparation of investment approval memoranda for new real estate loans; and developing and maintaining portfolio statistics. (Sponsored Job)
ROSS STORES, INC.
Real Estate Manager
(DUBLIN, CA) Manager will assist in the analysis, selection, negotiation, administration and coordination of Ross' new store Real Estate program, and/or the relocation, replacement, expansion and surplus store programs as assigned by the Senior Vice President of Real Estate, Vice President of Real Estate, and Group Vice President of Property Development. (Sponsored Job)
URBAN LAND CONSERVANCY
Director of Real Estate
(DENVER, CO) Duties include site identification, contract negotiations and partner development for departmental real estate activities and ensuring that all real estate transactions are completed in alignment with ULC organizational goals and Investment/Site Selection Criteria. He/She will evaluate feasibility of projects and identify resources to complete transactions, including potential development operations and/or future disposition strategies.
USAA REAL ESTATE COMPANY
Fund Accountant – Commercial Real Estate
(ADDISON, TX) Fund Accountant will be responsible for general accounting functions relating to a real estate portfolio consisting funds, separate accounts and joint ventures which invest in office, multi-family, industrial, retail and hotel properties. Duties include processing, reviewing, analyzing, and recording fund/venture related operating data into financial system in accordance with Generally Accepted Accounting Principles, as well as internal accounting policies.
FEDERAL REALTY INVESTMENT TRUST
Financial Analyst – Acquisitions
(ROCKVILLE, MD) Financial Analyst will provide financial modeling services and analysis, primarily of larger neighborhood and community shopping centers, to help the Acquisitions team evaluate potential one-off investments, pricing strategies, offers, and counter offers, corporate portfolio acquisitions, and owned property dispositions or refinancings.
INTERWEST CAPITAL CORPORATION
Director of Redevelopment
(LA JOLLA, CA) Director will be responsible for managing all aspects and phases of the asset renovation and redevelopment process. This includes evaluating assets within the portfolio to determine if they should be renovated, repositioned, disposed of or retained as-is. Position will also be responsible for the asset capital expenditure work of all recently acquired assets, or existing assets, to ensure that they meet acquisition proforma as it relates to capital expenditure work.
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