COMPANY OVERVIEW Argosy Real Estate Partners (“Argosy”) is a real estate investment management company that specializes in opportunistic real estate investments. Through joint venture structures, Argosy partners with entrepreneurial operating partners possessing significant local market knowledge and a demonstrated track record of operating success. Argosy currently has over $975 million of real estate assets under management. Argosy is currently investing its fourth discretionary commingled opportunity fund and its first discretionary commingled core plus fund. Argosy Capital manages capital on behalf of institutional investors, family offices and high net worth individuals. The core of Argosy’s investment strategy is investing with experienced operators in properties that provide significant upside potential and controllable downside protection. Working closely with our partners, Argosy employs a disciplined acquisition approach focused on low cost basis, risk mitigation, value creation, and multiple exit strategies to generate superior risk-adjusted rates of return to its investors. Argosy invests in primary and secondary markets throughout the U.S. with a focus on the multifamily, lodging, office, retail, and residential land sectors. Argosy is based in Wayne, PA (suburban Philadelphia) with regional offices in San Francisco and Denver. More information can be found at www.argosyrealestate.com.
THE POSITION Argosy is seeking a highly energetic and motivated Associate or Senior Associate to join the investment team. Argosy employs a cradle-to-grave approach with its investments, and the Associate/Senior Associate’s responsibilities will include underwriting new opportunities as well as asset management of existing investments. Specific duties will include evaluating new investment opportunities, financial analysis, preparation of investment committee memos, internal presentations and reporting for the investment committee and fund investors. The candidate will work closely with other team members, joint venture partners, brokers and consultants. The successful candidate will have the opportunity to join a small, entrepreneurial team, work directly with senior management, and gain exposure to a wide variety of real estate transactions nationwide.
RESPONSIBILITIES Primary areas of focus include: Investment underwriting, financial analysis, due diligence, market analysis, site inspections, managing documentation, and investment closings. Preparation of verbal and written presentations to the investment committee in relation to proposed transactions and existing investments. Market, economic and demographic research to evaluate markets for existing or potential investments. Asset management of existing property investments. This will include communicating with joint venture partners, preparing asset reports, maintaining and updating financial projections, preparing property valuations, property site inspections, market research and analysis. Working with senior team members on business development.
QUALIFICATIONS Bachelor's degree required, preferably with a major in finance, real estate, accounting, or economics. MBA preferred, but not required. Prior experience (3-5 years) working in the commercial real estate industry. Strong understanding of all aspects of real estate investment, development and financing processes, including but not limited to market analysis, financial analysis, property valuation, and capital markets. Team player who is organized, proactive, self-directed and conscientious. Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously. Ability to communicate clearly and concisely both orally and in writing. Strong quantitative and analytical skills, particularly with respect to real estate finance metrics. Advanced excel modeling capabilities. ARGUS experience a plus. High level of initiative and strong work ethic; creativity and entrepreneurial spirit; track record of leadership. Some travel required.
COMPENSATION Competitive base salary; bonus based on individual and firm performance. CONTACT INFORMATION Cover letters and resumes may be sent via email to: Caroline Frank, cfrank@argosyrealestate.com Argosy Real Estate Partners 950 West Valley Road, Suite 2900 Wayne, PA 19087