As noted in the Wall Street Journal when the deal was announced, with this deal, the bet is that near-term, home-building will continue to lag behind demand and that bad credit, a lack of savings and tight lending will keep many people renting. Long-term, they are wagering that homeownership will no longer be an essential component of the American dream and that more people will chose to rent. When the single-family rental gig emerged, I was skeptical that it was not a sustainable trend, but I now believe that we are witnessing, yet again, another seismic demographic change.

Job Listings

SELECTLEADERS/TKF REAL ESTATE Senior Associate(NEW YORK, NY)Our client TKF Real Estate is a midtown NYC based real estate investment management firm. Associate will source, underwrite, negotiate and close commercial real estate investments in the Metro Centers of New York, Boston, DC, LA, San Francisco and Denver; and coordinate underwriting and due diligence process including financial modeling, accounting reviews, and tenant interview. (Sponsored Job)GRAMERCY PROPERTY TRUST Senior Tax Accountant(JENKINTOWN, PA)Duties include: preparing quarterly REIT compliance testing; reviewing multistate corporate, partnership and disregarded entity tax returns; and updating depreciation expense in FAS and external workpapers.CITY OF TORONTO Board Member, Toronto Realty Agency Board(TORONTO, ONTARIO)City of Toronto is currently seeking applications from Toronto residents with senior and executive-level experience for the New Toronto Realty Agency Board. The Chair will be responsible for ensuring that meetings are effective, that decisions are consistent with the Board's mandate, and that the Board meets its accountability requirements. YMCA OF GREATER BOSTON Vice President of Facilities(BOSTON, MA)The Vice President of Facilities & Properties will be responsible for the management of the Association's properties, grounds and other assets, and will provide direct leadership to the maintenance, cleanliness, and development of the Association's real estate, to include all annual capital planning projects.GAIA REAL ESTATE INVESTMENT, LLC Senior Project Manager of Construction(NEW YORK, NY)Position will prepare and manage capex projects including HVAC conversions, façade restoration, elevator modernizations, utility upgrades, etc.; develop renovation projects including “pre-built” office build outs, “white-box” space preparations, lobby upgrade, corridor remodeling, amenity reconfiguration etc.; and and oversee master plan building wide, parallel construction projects including tenant-in-place coordination.HILCO REAL ESTATE, LLC Project Manager/Analyst – Dispositions Team(NORTHBROOK, IL)Project manager/analyst will support brokerage and auction businesses. Primary responsibility will be to enhance the efficiency and productivity of the disposition team, contributing to the successful execution of brokerage assignments for disposition of clients' owned and leased real estate assets. THOR EQUITIES, LLC Asset Manager, Hospitality(NEW YORK, NY)Position will be responsible for a portfolio of hospitality properties and all facets of operations including updating business plans of assets, overseeing all strategic-decision making in regards to the portfolio, and advising the CEO and COO directly.CBRE GLOBAL INVESTORS Asset Management Analyst(LOS ANGELES, CA)CBRE is seeking to hire an analyst to provide support to CBRE Global Investors – Americas Asset Management division. The analyst will provide operational and analytical support for assets in the investment portfolio as directed.CIM GROUP Contract Manager(LOS ANGELES, CA)Duties include: managing contract compliance for Development Department, including the following: reviewing submitted contracts to ensure that the contract approval process are followed, negotiating legal provisions in Development contracts, obtaining evidence of adequate insurance, conducting periodic contract and contract process audits, and filing contracts in company's document management system.TEJON RANCHVice President of Commercial & Industrial Real Estate(LEBEC, CA)Position will be responsible for managing various commercial and industrial development initiatives; overseeing development activities, marketing, and operational management of industrial projects as well as destination retail, hotels, freeway commercial and an outlet center.

After World War Two, suburbia and single-family home ownership exploded onto the scene, setting the stage for the American Dream. For the seventy-five years since then, home ownership has been an American staple, fueled by the IRS code that allows home mortgage interest to be deducted. Alas, the bubble burst when the Great Recession turned the tide, and now the homeownership rate has hit a 50-year low. One of the most visible signals of this change was the announcement that Blackstone's Invitation Homes, and Starwood Waypoint Homes have announced plans to merge. The mega single-family rental company will own approximately 82,000 homes in 17 markets.

As noted in the Wall Street Journal when the deal was announced, with this deal, the bet is that near-term, home-building will continue to lag behind demand and that bad credit, a lack of savings and tight lending will keep many people renting. Long-term, they are wagering that homeownership will no longer be an essential component of the American dream and that more people will chose to rent. When the single-family rental gig emerged, I was skeptical that it was not a sustainable trend, but I now believe that we are witnessing, yet again, another seismic demographic change.

Job Listings

SELECTLEADERS/TKF REAL ESTATE Senior Associate(NEW YORK, NY)Our client TKF Real Estate is a midtown NYC based real estate investment management firm. Associate will source, underwrite, negotiate and close commercial real estate investments in the Metro Centers of New York, Boston, DC, LA, San Francisco and Denver; and coordinate underwriting and due diligence process including financial modeling, accounting reviews, and tenant interview. (Sponsored Job)GRAMERCY PROPERTY TRUST Senior Tax Accountant(JENKINTOWN, PA)Duties include: preparing quarterly REIT compliance testing; reviewing multistate corporate, partnership and disregarded entity tax returns; and updating depreciation expense in FAS and external workpapers.CITY OF TORONTO Board Member, Toronto Realty Agency Board(TORONTO, ONTARIO)City of Toronto is currently seeking applications from Toronto residents with senior and executive-level experience for the New Toronto Realty Agency Board. The Chair will be responsible for ensuring that meetings are effective, that decisions are consistent with the Board's mandate, and that the Board meets its accountability requirements. YMCA OF GREATER BOSTON Vice President of Facilities(BOSTON, MA)The Vice President of Facilities & Properties will be responsible for the management of the Association's properties, grounds and other assets, and will provide direct leadership to the maintenance, cleanliness, and development of the Association's real estate, to include all annual capital planning projects.GAIA REAL ESTATE INVESTMENT, LLC Senior Project Manager of Construction(NEW YORK, NY)Position will prepare and manage capex projects including HVAC conversions, façade restoration, elevator modernizations, utility upgrades, etc.; develop renovation projects including “pre-built” office build outs, “white-box” space preparations, lobby upgrade, corridor remodeling, amenity reconfiguration etc.; and and oversee master plan building wide, parallel construction projects including tenant-in-place coordination.HILCO REAL ESTATE, LLC Project Manager/Analyst – Dispositions Team(NORTHBROOK, IL)Project manager/analyst will support brokerage and auction businesses. Primary responsibility will be to enhance the efficiency and productivity of the disposition team, contributing to the successful execution of brokerage assignments for disposition of clients' owned and leased real estate assets. THOR EQUITIES, LLC Asset Manager, Hospitality(NEW YORK, NY)Position will be responsible for a portfolio of hospitality properties and all facets of operations including updating business plans of assets, overseeing all strategic-decision making in regards to the portfolio, and advising the CEO and COO directly.CBRE GLOBAL INVESTORS Asset Management Analyst(LOS ANGELES, CA)CBRE is seeking to hire an analyst to provide support to CBRE Global Investors – Americas Asset Management division. The analyst will provide operational and analytical support for assets in the investment portfolio as directed.CIM GROUP Contract Manager(LOS ANGELES, CA)Duties include: managing contract compliance for Development Department, including the following: reviewing submitted contracts to ensure that the contract approval process are followed, negotiating legal provisions in Development contracts, obtaining evidence of adequate insurance, conducting periodic contract and contract process audits, and filing contracts in company's document management system.TEJON RANCHVice President of Commercial & Industrial Real Estate(LEBEC, CA)Position will be responsible for managing various commercial and industrial development initiatives; overseeing development activities, marketing, and operational management of industrial projects as well as destination retail, hotels, freeway commercial and an outlet center.