Vice President of Investments

Burr Ridge, IL, United States

LOCATION: Burr Ridge, IL

SUMMARY: Cullinan Properties (the “Company”) is currently seeking an experienced VP, Investments to join the Investment team, focused on the expansion of our portfolio of retail, multi-family, and mixed-use assets as well as new ground-up development and re-development opportunities. Cullinan Properties is a leading developer of real estate specializing in commercial and mixed-use developments and acquisitions. Cullinan Properties is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, multi-family, office, governmental and medical properties throughout the United States.

The selected individual will report to the Chief Investment Officer and will serve a key role in the firms acquisition and disposition efforts throughout target markets in the southeast and midwest. This includes all phases of the transaction process such as sourcing existing opportunities, underwriting the investment, negotiating legal documents, completing due diligence, and closing the transaction with limited oversight. The VP, Investments will also complete various financial analysis of both the Company’s investment targets as well as development and redevelopment opportunities with responsibility for creating and maintaining various mixed-use development project pro formas and reporting templates.

Additionally, the VP, Investments should have the following responsibilities and requirements:

DUTIES AND RESPONSIBILITIES:

Perform financial analysis of acquisitions and development opportunities via complex financial modeling, analysis of cash flows, application of valuation methods using a combination of Argus and Excel, partnership waterfalls and debt/equity models.

Create and maintain development project pro-formas for both potential investment as well as on-going projects.

Prepare investment committee memos, advanced financial reports, sensitivity analysis, and presentations for Company and third-party review.

During due diligence, review purchase contracts, development budgets, operating information, leases, complex property and partnership agreements and provide abstracts or variance analysis as necessary.

Collect and analyze market intelligence including sale comparables, advanced location analytics, and demographic data.

Monitor target markets and evaluate surrounding ownership, competitive assets, government initiatives, and other market fundamentals including traveling to target markets, as needed.

Underwrite, review, source, and participate in the development of equity and debt structures for acquisitions and potential developments including preparation of lender-required deliverables.

Actively engage with owners, brokers, equity partners, lenders, attorneys, and various internal departments, as appropriate.

Travel to target markets as required to build relationships and tour properties.

POSITION REQUIREMENTS:

5+ years of previous experience in acquisitions/dispositions or real estate development.

Understanding of commercial real estate fundamentals and underwriting parameters across different asset classes, including retail, office, and multi-family.

Demonstrated advanced proficiency in Excel based pro-forma modeling, data analysis, and reporting required. Argus Enterprise experience required.

Strong quantitative background, understanding of real estate metrics (net present value, internal rate of return, cap rates, discount rate, etc), and knowledge of accounting concepts.

Excellent presentation skills including proficiency in analytical writing and the ability to effectively communicate and present well-reasoned and data-supported conclusions to a variety of audiences.

Experience underwriting multiple classes of real estate including retail, office, and multi-family preferred. Working knowledge of partnership structures, waterfalls, and debt/equity a plus.

Well-rounded, with the ability to multi-task in a fast-paced environment that requires an interdisciplinary mindset and aptitude to learn quickly.

Candidate must have strong written and verbal communication skills including an ability to conduct themselves professionally with both internal and external stakeholders.

Ability to handle large volume of work; excellent organizational skills and ability to prioritize work to meet deadlines.

Candidate should be enthusiastic and motivated to succeed in a team environment.

KEY COMPETENCIES:

Financial Acumen

Dependable

Interpersonal Skills

Attention to Detail

Strong Analytical Skills

Organized & Ability to Multi-Task

Flexible and Adaptable

Problem-Solving Skills

Communication Skills

Why Cullinan Properties?

At Cullinan Properties, we recognize that our team drives our greatest achievements. We are passionate about maintaining a fulfilling, rewarding and energetic work environment while setting the stage for your continued success. We search for entrepreneurial professionals who become personally involved in every phase of each project.

Meaningful Work – work closely with clients and communities to develop properties – creating jobs, fueling local economies and contributing to quality of life.

Changing the Game – evolving, fast paced environment with career advancement opportunities.

Community Builders – social opportunities with local charity organizations, including volunteer benefits.

Excellent Benefit Package – generous PTO, 401(k) company match, bonus opportunities, continuing education reimbursement, competitive employee health insurance package including a wellness program & more.

To learn more about Cullinan, visit www.cullinanproperties.com

To apply: email resume and 3-5 business references to [email protected]

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