NEW YORK CITY—Members of the Association of Foreign Investors in Real Estate, otherwise known as AFIRE, were surveyed with good news for investors emerging from the results. Ninety-five percent of the respondents to the survey said that they will maintain or increase their investment in the US. The big winner is New York City which, for the seventh year in a row, is the number one city among foreign investors and for the third year in a row the top global city. On the other hand, Washington, D.C., has fallen out of favor.
For the first time since the survey began in 1992, the new home of Donald Trump fell off of the investors top five list of US cities and is now fifteenth. Nevertheless, I suspect that D.C. will see a renewed focus next year as the gears are primed under the new administration. The other noteworthy change is that the industrial sector took the top spot among investors edging out multifamily, signaling the dramatic change that has occurred with the supply chain as online retail explodes requiring new and different industrial support.
Stay tuned, domestic acquisitions professionals and investment committees, foreign capital is getting ready to fuel the fire.
Job Listings
COLONY AMERICAN FINANCE
Underwriting & Credit Associate
(IRVINE, CA) Duties include: leading underwriting efforts for commercial debt financing transactions backed by single family rentals (SFR) and multi-family rental portfolios; conducting cash flow analysis, underwriting, due diligence, valuation reviews and credit analysis; and managing transactions and working closely with third-parties involved in diligence to ensure proper underwriting procedures are followed. (Sponsored Job)
GOLDMAN SACHS
US Real Estate Acquisition Vice President
(IRVING, TX) Vice President will be responsible sourcing and analyzing investment opportunities for multi-family assets or office & retail assets; asset managing investments, which includes business plan preparation and presentation; and developing monthly cash flow projections. (Sponsored Job)
JLL
Senior Analyst/Appraiser – Valuation & Advisory Services
(CHICAGO, IL) Successful candidate will complete assignments in connection with commercial real estate valuation and consulting assignments which may include estimation of cash flow, discounted cash flow models, analyses of comparable sales and cost analyses.
THE GREENWICH GROUP INTERNATIONAL, LLC
Vice President – Development Finance
(ARLINGTON, VA) Position will play an integral role within the Capital Markets team, executing complex assignments as well as overseeing analytical and production components during the pre-marketing phase. Candidate will be expected to generate his/her own business development leads.
THE BEACH COMPANY
Financial Analyst
(CHARLESTON, SC) Financial Analyst will provide support services to the Financial Reporting and Services Division, the Development Division, the Asset Management Division and the Property Management Division in underwriting and analyzing the existing real estate portfolio, future acquisition and development opportunities in helping to achieve and evaluate strategic goals for each Division.
WSP
Director, Real Estate and Facilities Management
(THORNHILL, ONTARIO) Director will optimize the real estate portfolio; consolidate facilities; establish ongoing capabilities for managing and optimizing the entire real estate portfolio; develop a comprehensive, strategic plan for long-term real estate and facilities asset optimization; and monitor asset performance through financial analysis and market research.
GRAMERCY PROPERTY TRUST
Assistant Construction Manager
(HORSHAM, PA) Manager will oversee construction activities related to new construction, renovations and various capex projects. The ACM will also work closely with the SVP of Project Management, Operations, Asset Managers, Accounting and Investment Team throughout the construction/renovation life of the project.
SHORENSTEIN REALTY SERVICES, L.P.
Asset Management Analyst
(SAN FRANCISCO, CA) Position will perform net present value analysis for properties within the portfolio; analyze impact of lease transactions and capital projects to property value and yield; and review assigned sections of the monthly MAP report to ensure assumptions and forecast are consistent with the investment strategy for the asset.
For the first time since the survey began in 1992, the new home of Donald Trump fell off of the investors top five list of US cities and is now fifteenth. Nevertheless, I suspect that D.C. will see a renewed focus next year as the gears are primed under the new administration. The other noteworthy change is that the industrial sector took the top spot among investors edging out multifamily, signaling the dramatic change that has occurred with the supply chain as online retail explodes requiring new and different industrial support.
Stay tuned, domestic acquisitions professionals and investment committees, foreign capital is getting ready to fuel the fire.
Job Listings
COLONY AMERICAN FINANCE
Underwriting & Credit Associate
(IRVINE, CA) Duties include: leading underwriting efforts for commercial debt financing transactions backed by single family rentals (SFR) and multi-family rental portfolios; conducting cash flow analysis, underwriting, due diligence, valuation reviews and credit analysis; and managing transactions and working closely with third-parties involved in diligence to ensure proper underwriting procedures are followed. (Sponsored Job)
US Real Estate Acquisition Vice President
(IRVING, TX) Vice President will be responsible sourcing and analyzing investment opportunities for multi-family assets or office & retail assets; asset managing investments, which includes business plan preparation and presentation; and developing monthly cash flow projections. (Sponsored Job)
JLL
Senior Analyst/Appraiser – Valuation & Advisory Services
(CHICAGO, IL) Successful candidate will complete assignments in connection with commercial real estate valuation and consulting assignments which may include estimation of cash flow, discounted cash flow models, analyses of comparable sales and cost analyses.
THE GREENWICH GROUP INTERNATIONAL, LLC
Vice President – Development Finance
(ARLINGTON, VA) Position will play an integral role within the Capital Markets team, executing complex assignments as well as overseeing analytical and production components during the pre-marketing phase. Candidate will be expected to generate his/her own business development leads.
THE BEACH COMPANY
Financial Analyst
(CHARLESTON, SC) Financial Analyst will provide support services to the Financial Reporting and Services Division, the Development Division, the Asset Management Division and the Property Management Division in underwriting and analyzing the existing real estate portfolio, future acquisition and development opportunities in helping to achieve and evaluate strategic goals for each Division.
WSP
Director, Real Estate and Facilities Management
(THORNHILL, ONTARIO) Director will optimize the real estate portfolio; consolidate facilities; establish ongoing capabilities for managing and optimizing the entire real estate portfolio; develop a comprehensive, strategic plan for long-term real estate and facilities asset optimization; and monitor asset performance through financial analysis and market research.
GRAMERCY PROPERTY TRUST
Assistant Construction Manager
(HORSHAM, PA) Manager will oversee construction activities related to new construction, renovations and various capex projects. The ACM will also work closely with the SVP of Project Management, Operations, Asset Managers, Accounting and Investment Team throughout the construction/renovation life of the project.
SHORENSTEIN REALTY SERVICES, L.P.
Asset Management Analyst
(SAN FRANCISCO, CA) Position will perform net present value analysis for properties within the portfolio; analyze impact of lease transactions and capital projects to property value and yield; and review assigned sections of the monthly MAP report to ensure assumptions and forecast are consistent with the investment strategy for the asset.
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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.
