Crescent Real Estate LLC ("Crescent") is a real estate operating company and investment advisor, founded by Chairman John C. Goff, with more than 100 employees and assets under management, development and investment capacity of more than $10 billion. Crescent's unique fund structure allows the company to be strategic in timing, property type and the structure in which it invests. Crescent has a broad real estate investment mandate, but primarily invests in hotels, multifamily and office - both existing acquisitions and new development. Crescent invests alongside institutional and ultra-high net worth clients in real estate and real estate related assets.
Crescent is looking for an experienced associate / senior associate to join our hospitality team at our corporate office in Fort Worth, Texas. You will be working directly with senior management of our hospitality team. You will be managing existing hospitality real estate investments and be involved in the investment lifecycle of a deal from refinances to dispositions. You will be underwriting, modeling, and conducting due diligence on new hospitality acquisitions, developments, and recapitalizations. You will conduct, analyze and summarize research of market-related demand drivers, transactional trends, and target asset competitive sets.
This is the perfect job for you if:
- You are a self-starter and enjoy solving problems. You don't get flustered easily. If you don't know the answer, you'll dig until you find it.
- You are motivated and driven. You're going to take ownership of the time you spend with Crescent and truly make a difference.
- You have strong working proficiency in Microsoft Excel, Word and PowerPoint, with established Excel financial modeling expertise.
- You communicate clearly, and you write well.
- You have a high attention to detail when modeling, underwriting, and conducting diligence.
- You have a thorough understanding of key drivers in the commercial real estate industry.
- Of course, you must have integrity and a strong sense of ethics
As our Investment Associate, a typical day might include the following:
- Assist in the underwriting, financial modeling, diligence, and internal / external memo preparation for hospitality acquisitions and developments. Work alongside hospitality team to negotiate, structure, finance, and close investments.
- Support ongoing refinances and dispositions of the existing hospitality portfolio.
- Build and update advanced Excel models and reports that evaluate investment opportunity, fundamental economic / industry outlook, and currently owned/operated assets.
- Assist asset management team in financial analysis and tracking of the operational performance of the existing hospitality portfolio to identify trends and opportunities.
- Partner with asset management team to track portfolio operating results and complete cash flow forecasts or other analysis as needed for strategic decision making concerning individual assets. Track market conditions and performance in relation to current portfolio performance.
- Drafts internal/external communications, memos, and presentations with high levels of professional institutional quality as directed.
- Responsible for assembly and documentation of exhibits and supporting materials for transactional documents.
- Conducts ongoing research of the hotel industry to detect market trends and related information for analysis in defining investment strategies. Draws conclusions and makes recommendations based upon analysis.
- Maintain current knowledge of the hospitality industry and global capital markets by monitoring current financial publications and conducting ad hoc research as necessary.
- Performs any other job-related duties as assigned.
You need to have:
- A bachelor's degree, ideally with a focus on real estate, finance, or hospitality.
- Minimum 2-3 years of experience in the commercial real estate industry, however 3-5 years of experience is preferred.
- Hospitality experience in real estate investment, financial banking, or private equity firms is highly preferred.
You will also need to:
- Be able to demonstrate analytical and financial modeling experience.
- Be in the office 5 days a week in Fort Worth, Texas
- Have a proven outstanding work and/or academic track record with a demonstrated history of achievement.
- Be able to travel up to 20%
Google to learn more about Crescent Real Estate
- Our website
- Check us out on LinkedIn
We offer opportunities for career growth, responsibilities and rewards-based incentives, and competitive pay and benefits.
Salary and Benefits Commensurate with Experience. Equal Opportunity Employer. Except where prohibited by state law, all offers of employment are conditioned upon completed a background check.