Real Estate-Investment Analyst; Transactions

Overview

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!

We are looking for an astute, determined professional to fill the position of Investment Analyst within our US Transactions function.

You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. This role will be part of a structured 3-year Investment Analyst Program designed to provide hands-on experience in your designated business line.

This role will be part of a small team responsible for sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all PGIM Real Estate’s portfolios. Build cash flow and waterfall models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, and other financial analyses required to evaluate, pursue, and explain acquisition/development opportunities.

This role is based in PGIM Real Estate’s San Francisco office.

• 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.
• 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.

• Bachelor’s Degree required in finance, accounting, economics, or a related field; emphasis in Real Estate preferred.
• Minimum of 1-2 years of related real estate experience
• Strong quantitative skills and demonstrated analytical ability including underwriting and financial analysis.
• Understanding of basic 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.

• Proficiency in Excel and Argus modeling of development joint ventures and wholly owned acquisitions of all real estate product types
• Strong communication and written skills
• Work ethic
• PGIM welcomes all applicants, even if you don  meet every requirement. If your skills align with the role, we encourage you to apply.

Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from…