Job Classification :
Investment Management - Investments
Investment Vice President, US Transactions (PGIM, Inc., Miami, FL) :
Identify, analyze, and present new / unique real estate investment strategies to deliver on fund and firm objectives. Handle all areas of due diligence, underwriting, deal modeling, deal structuring, financial modeling, negotiation of deal terms, and transition for the acquisition and / or development of commercial real estate properties across all property types, investment structures, and risk profiles.
Develop and cultivate strong relationships with real estate owners and operators, brokers, investment bankers, joint venture partners, and other industry players.
Present potential transactions to PGIM Real Estate portfolio managers across all PGIM Real Estate's US investment funds;
present 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 providing support for existing assets as necessary.
Responsible for assisting the Debt Capital Markets and Asset Management teams on property financings, appraisal reviews, and other activities that require feedback and financial analysis from the Transactions group.
Leveraging the firm's network of industry contacts, seek new transactions and work with a variety of sources to identify new investment and partnerships opportunities within their assigned territory.
Source investments of any property type, structure, or strategy nationally and in conjunction with portfolio appetite with a primary focus on programmatic joint ventures, alternative property sectors, and / or debt, structured equity, and entity-level transactions.
Manage a small team of junior professionals to maximize productivity of the Southeast Transactions group, develop their skillsets and expertise, and support their overall career progression.
Full time employment, Monday - Friday, 40 hours per week.
Telecommuting permitted up to 2 days / week.
MINIMUM REQUIREMENTS :
Must have a Bachelor's degree in Finance, Business Administration, or a related field, plus 5 years of progressive, post-bachelor's work experience.
Of the required experience, must have 5 years of experience in each of the following :
- Commercial real estate investment or capital market experience including sourcing, structuring, and closing real estate transactions;
- Overseeing a transaction from start to close;
- Negotiating deals and communicating with sellers / buyers, brokers, JV partners, attorneys, and consultants;
- Risk management, portfolio diversification, and asset management;
- Utilizing quantitative and analytical skills in underwriting and financial analysis;
- Negotiating purchase and sale agreements and JV agreements;
- Utilizing real estate financial models and Argus Enterprise software to model property cash flows for financial modeling and valuation of investment opportunities;
- Utilizing CoStar, Axiometrics, and Real Capital Analytics data packages to extract market information regarding rents, comparable transactions, and other property-related data that feeds into the financial models; and
- Calculating and modelling financial metrics such as expected investment returns (based on Internal Rate of Return "IRR" metrics), cash flow projections (including the Net Operating Income for each property), equity multiples, required equity and debt contributions, distributions to investors following a negotiated "waterfall" structures, Net Operating Income annual yields, Cash-on-Cash annual Yields, projected rent rolls, ongoing operating expenses and capital replacements.
Up to 30% domestic travel required.
Telecommuting permitted up to 2 days / week.
To Apply please click "Apply Now" button. Should you have any difficulty in applying for this position through our website, please contact redacted for assistance in the application process.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America.
Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth.
The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time.
Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals.
Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at redacted for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES :
If you need an accommodation to complete the application process, which may include an assessment, please email redacted .
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email redacted to request assistance.
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