About Real Capital Solutions Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions, development and management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.
Real Capital Solutions (RCS) is a rapidly growing private equity owner/operator of real estate with over 55 employees, located in Louisville, CO. RCS, through its affiliates, owns a portfolio of properties valued at over $2.4 billion, with plans to acquire a minimum of an additional $1 billion of new assets over the next few years. RCS properties are located nationally. The key to the firm's success has been a thorough understanding of the dynamics that affect the real estate cycle.
About the role - The Company's current property portfolio comprises over 80 projects and more than 18 million square feet of office, industrial and retail space-both in Colorado and in select markets nationwide. We are also continuing to expand the company's acquisition initiative into other national markets. This position will be involved in our expanding real estate portfolio-both here in Colorado and in other national markets.
What you'll do - Work independently to hire and manage 3rd party relationships for the property (i.e., leasing and property management)
- Review and approve all 3rd party vendor contracts
- Analyze, negotiate and approve all prospective new and renewal leases
- Establish long and short-term goals for each property to maximize investment returns
- Track the properties' occupancy, cash flow, expenses and pending capital items to maximize overall performance of each property
- Perform periodic property site inspections to ensure property performance and high standards of leasing, property management and maintenance teams
- Help to coordinate the financing and refinancing processes for the portfolio and work with lenders on an on-going basis to answer questions, provide necessary information for DSCR provisions, and get necessary approvals (e.g., on leasing, capital expenditures and loan draws)
- Work with Accounting Manager to ensure that all appropriate loan draw requests are made to lenders
- Work with property managers, leasing agents and accountants to create annual budgets for each property
- Review cash flow and variance reports monthly and report any positive/negative trends to Ownership on a quarterly basis
- Prepare quarterly update reports for outside investors
- Prepare semi-annual Advisory Board summary reports on properties in the portfolio
- Assist the Acquisitions Team with underwriting and vetting of key assumptions (e.g., lease rates, absorption velocity, tenant improvement funds, and Capex needs) on properties that will transition into your portfolio
- Prepare/update annual strategic/business plans for each property
- Work with Finance Department to complete project reforecasts of prospective returns on a semi-annual basis
- Manage the asset sale process when necessary for buildings in your portfolio (typically utilizing outside brokerage firms) - this includes obtaining BOVs (broker opinions of value), analyzing the returns at prospective prices and making recommendation to ownership, negotiating the listing agreement and letters of intent, and working with in-house counsel to execute a contract and work toward closing
Qualifications -
- Bachelor's degree in business, finance, economics or related field (and/or a commensurate level of work experience in the commercial real estate arena)
- Minimum 6 - 8+ years of experience as an asset or portfolio manager and/or commercial analyst with emphasis office, retail and/or industrial properties (with particular emphasis on office properties)
- Proficient in MS Excel, MS Word, Power Point at a minimum, Argus a plus
- Ability to analyze and compare prospective leasing deals based on Net Effective Rent
- Excellent communication skills, both written and verbal
- Proven organizational skills with attention to details
- Excellent interpersonal skills with a professional and dynamic demeanor
- Intrinsically motivated and creative