It's funny how fortunes have changed since the surprise election of Donald Trump. One of the big winners were the two prison REITs, who were recently pummeled by the Obama Administration's public announcement that it planned to phase out private prisons. The announcement followed a Justice Department monitoring report indicating some safety and security problems at their prisons.
I must admit, when I first heard the news about concerns over the private systems, I reflected that most government controlled systems are widely viewed as a disaster. With Trump's win, the largest company, CoreCivic has rallied 43%, not only because Trump is unlikely to follow Obama's lead, but his aggressive immigration policy may even fill the prison cells to overflowing.
Put on your seatbelts because the new administration is likely to trumpet in all sorts of reversals, new trends, opportunists and setbacks for those who expected a different outcome.
JOB LISTINGS
SITUS
Associate/AVP – Advisory
(ATLANTA, GA) Position responsibilities include loan and portfolio level analysis for financial institutions and private equity investors to deliver due diligence and consulting services in an accurate, timely and high quality fashion. The work involves loan and portfolio level analysis for financial institutions and private equity investors. (Sponsored Job)
JLL
Sr. Associate II, Accounting
(WESTMONT, IL) Under direction, position will perform a variety of professional level accounting duties involved in preparing, maintaining, analyzing, verifying, and reconciling complex financial transactions, statements, records, and reports; maintaining accuracy of the ledgers and financial systems; assisting in the preparation of assigned budgets, annual audit, and year end closing; and providing guidance to assigned clients.
BERKELEY POINT CAPITAL
Underwriting Analyst
(DALLAS, TX) Position will analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency; conduct detailed economic and demographic research to determine feasibility of transactions; and prepare comprehensive loan approval package to credit committee.
CITI
Design & Construction Manager – LATAM Region
(HEREDIA, COSTA RICA) Duties include organizing a coordinated design and construction program typically comprising an average workload of 100 real estate capital projects, with annual capex of $25MM. Position will also be responsible for the design and construction services for 76 sites totaling 3MM rentable square feet.
JONATHAN ROSE COMPANIES
Construction Project Manager
(NEW YORK, NY) Position is designed to bring a skilled construction specialist to support moderate rehabilitations of existing multifamily apartment building in Michigan and West Virginia. CPM will serve as day-to-day contact with the third party construction managers/general contractors and will work closely with development project manager, project accountant and other internal staff to manage the rehabs from inception through completion.
TIAA
Analyst, CASA Funds (Transactions)
(CHICAGO, IL) Candidate will support the CASA Funds' investment team by performing acquisitions underwriting, due diligence and closing coordination of both acquisitions and dispositions and maintaining and sourcing information for the multifamily, student housing and other pipelines that are determined to be viable investments.
HILTON
Director, Global Corporate Office Leasing
(MCLEAN, VA) Position will manage the negotiation of commercial real estate agreements for Hilton; and negotiate and seek approval for leased office locations globally working with Hilton's third party lease brokerage representatives and internal stakeholders.
It's funny how fortunes have changed since the surprise election of Donald Trump. One of the big winners were the two prison REITs, who were recently pummeled by the Obama Administration's public announcement that it planned to phase out private prisons. The announcement followed a Justice Department monitoring report indicating some safety and security problems at their prisons.
I must admit, when I first heard the news about concerns over the private systems, I reflected that most government controlled systems are widely viewed as a disaster. With Trump's win, the largest company, CoreCivic has rallied 43%, not only because Trump is unlikely to follow Obama's lead, but his aggressive immigration policy may even fill the prison cells to overflowing.
Put on your seatbelts because the new administration is likely to trumpet in all sorts of reversals, new trends, opportunists and setbacks for those who expected a different outcome.
JOB LISTINGS
SITUS
Associate/AVP – Advisory
(ATLANTA, GA) Position responsibilities include loan and portfolio level analysis for financial institutions and private equity investors to deliver due diligence and consulting services in an accurate, timely and high quality fashion. The work involves loan and portfolio level analysis for financial institutions and private equity investors. (Sponsored Job)
JLL
Sr. Associate II, Accounting
(WESTMONT, IL) Under direction, position will perform a variety of professional level accounting duties involved in preparing, maintaining, analyzing, verifying, and reconciling complex financial transactions, statements, records, and reports; maintaining accuracy of the ledgers and financial systems; assisting in the preparation of assigned budgets, annual audit, and year end closing; and providing guidance to assigned clients.
BERKELEY POINT CAPITAL
Underwriting Analyst
(DALLAS, TX) Position will analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency; conduct detailed economic and demographic research to determine feasibility of transactions; and prepare comprehensive loan approval package to credit committee.
CITI
Design & Construction Manager – LATAM Region
(HEREDIA, COSTA RICA) Duties include organizing a coordinated design and construction program typically comprising an average workload of 100 real estate capital projects, with annual capex of $25MM. Position will also be responsible for the design and construction services for 76 sites totaling 3MM rentable square feet.
JONATHAN ROSE COMPANIES
Construction Project Manager
(
TIAA
Analyst, CASA Funds (Transactions)
(CHICAGO, IL) Candidate will support the CASA Funds' investment team by performing acquisitions underwriting, due diligence and closing coordination of both acquisitions and dispositions and maintaining and sourcing information for the multifamily, student housing and other pipelines that are determined to be viable investments.
HILTON
Director, Global Corporate Office Leasing
(MCLEAN, VA) Position will manage the negotiation of commercial real estate agreements for Hilton; and negotiate and seek approval for leased office locations globally working with Hilton's third party lease brokerage representatives and internal stakeholders.
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
