Classification: Exempt, Regular Full-Time
Last Mile Investments is looking to hire a disciplined Investment Analyst, who is energized to perform in a fast-paced, high-growth, team-based environment. Based in Dallas, the Investment Analyst will join the Investment Team to assist in the modeling, due diligence, and overall transaction activity.
Last Mile Investments, an affiliate of North American Properties, is a real estate fund management platform currently deploying capital on behalf of Fund III and a strategic pension fund partner, with plans to acquire 15–20 assets annually. The Investment Analyst will join during a period of significant growth and have the opportunity to work on transactions across a diverse set of markets and investment structures.
The ideal candidate should have a strong passion for real estate, and preferably a degree in a relevant focus such as Real Estate, Finance, or Economics. The Investment Analyst will be part of a small team working closely with the Venture’s Principals and must have proficient communication skills, can think independently, but unafraid to ask questions or seek direction. A positive “get it done” attitude will be critical to success
In order to perform daily duties and responsibilities, the Investment Analyst must:
- Directly support Vice President of Investments assisting in deal flow management, task management, pipeline organization, etc.
- Underwrite acquisition opportunities for retail properties using Excel and ARGUS software.
- Prepare investment materials and packages for potential investments utilizing PowerPoint.
- Conduct market research on existing and future opportunities.
- Review tenant leases, rent rolls, operating statements, tenant recovery statements, and other financial statements used in the underwriting process.
- Work with Asset Management to update investment projections.
- Assist in acquisition & disposition due diligence.
- Assist in debt & equity closing processes.
- Assist in quarterly investor updates and presentations.
- Other ad hoc analyses as required
Proficient in Excel, Word, and PowerPoint. ARGUS experience preferred but not required. If no ARGUS experience, willingness to do whatever it takes to fast-track progress.
- Close attention to detail and strong organizational skills.
- Team player, strong work ethic, and passion to learn about the commercial real estate industry.
- 1-5 years of relevant work experience preferred (Co-op and internship experience included).
- BA/BS in Real Estate, Finance, or Economics from four-year college or university.
- Strong grasp of financial terms and principles necessary in real estate underwriting (IRR, NPV, Return on Cost, etc.).
- Ability to comprehend, analyze, and interpret various types of real estate documents, including leases and financial statements.
- Excellent communication skills (both written and verbal).
- Ability to multi-task in order to meet deadlines.
- Must demonstrate professionalism with the ability to react objectively.
The position will include an excellent benefits package that includes medical, dental, life, and 401(k). It will provide a competitive salary based on the candidate’s experience.
About Last Mile Investments
Last Mile Investments is a partnership between North American Properties and the Last Mile Investments management team and is a real estate investment management platform providing real estate management and leasing services for a diverse group of real estate vehicles. The focus within our existing managed funds is on multi-tenant neighborhood centers with the following characteristics: i) assets located in highly convenient locations near the consumers home, work, or other stable traffic drivers; ii) assets leased to primarily internet and Amazon resistant retailers; and iii) assets that have been undermanaged/undercapitalized with value-add opportunities. This particular strategy takes advantage of the structural trends in the retail landscape and offers a tremendous opportunity for investors in a yet unseen asset class.
About North American Properties
What makes a place great? North American Properties believes that it all comes down to connections—people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them.
We believe that by fulfilling people’s desire for connectedness, we’re creating happier places and experiences that, in turn, become more successful environments, more vibrant communities, and ultimately, a better world. Since 1954, we’ve balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.
Whether developing multifamily, mixed-use, office, student housing, hotel, or retail environments, we’re driven to deliver more valuable, meaningful real estate that transforms, inspires, delights, and succeeds by connecting us all with what matters most.
