Investment Associate, Equity Capital Markets - PGIM Real Estate

Job Classification:

Investment Management - Investments

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!  If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

We are looking for an astute, determined professional like you to fill the position of Investment Associate within our US Transactions function, covering Equity Capital Markets. 

This individual will work directly with senior members of the Southwest Transactions team and peers to execute broad-based investment activity regionally with a focus on acquisitions,  development joint ventures, and structured transactions for all real estate product types. The successful candidate will be responsible for all aspects of underwriting, analysis, due diligence, and closing commercial real estate acquisitions and joint ventures as well as promoting collaboration and team culture in a fast-moving environment. This role is based in our San Francisco office.

What you can expect

• Handle all areas of due diligence, underwriting, deal modeling, and closing for acquisition and development opportunities across various markets with varying investment structures and risk profiles.
• Prepare Investment Committee memoranda and related materials through market research, risk analysis, and in-depth understanding of investment factors.
• Assist senior Transactions professionals in deal structuring, financing, and negotiation of deal terms.
• Alongside other senior members of the team, develop and cultivate strong relationships with real estate owners, operators, brokers, investment bankers, joint venture partners, and other industry players.
• Assist senior Transactions professionals to identify, analyze, and present new/unique real estate investment opportunities.
• Assist senior Transactions professionals to present potential transactions to portfolio managers across all PGIM Real Estate’s US investment funds as well as assist in presenting investment opportunities to the Investment Committee
• Work closely with asset management teams to monitor operational activity across existing portfolio, validate underwriting, and create business plans for new investments as well as provide support for existing assets and relationships as necessary.
• Work as part of a small team of junior professionals to maximize productivity of the Transactions team, support each other with complementary expertise, and work together to develop the skillsets of analysts and interns.

What you will bring

• Bachelor’s Degree required in finance, accounting, economics, Real Estate, or a related field; emphasis in Real Estate preferred.
• Minimum of 3 -6 years of related real estate experience executing real estate transactions
• Strong quantitative skills and demonstrated analytical ability including underwriting and financial analysis.
• Proficiency in Excel and Argus modeling of development joint ventures and wholly owned acquisitions of all real estate product types
• Understanding of real estate terms and concepts such as contracts, rents, operating expenses, capital expenditures, and occupancy.
• Understanding of basic finance concepts such as NOI returns, cash flow returns, cap rates, internal rate of return, present value/discounted cash flow.
• Understanding of key real estate agreements including purchase and sale agreements, management agreements, partnership agreements, and loan agreements

What will set you apart?

• Exceptional written communication skills
• Demonstrated ability to manage multiple priorities and meet tight deadlines
• High level of responsiveness and availability during critical transaction phases

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a