Associate / Investments

WILDFLOWER LTD • new york city, ny, us • 2m ago

Firm Description

Wildflower Ltd LLC (“Wildflower”) is a New York City based developer of flagship last mile logistics warehouses, self-storage facilities and film studios in the New York market. Wildflower’s entrepreneurial approach, proprietary industry relationships, in-depth market knowledge and development expertise provide it with a unique ability to acquire and develop leading institutional-quality facilities. Wildflower’s current portfolio consists of 3 million square feet of operating assets and projects under development.

Wildflower’s philosophy is to retain a small team of like-minded and self-motivated individuals that believe in our vision of identifying unique development and ownership opportunities of irreplaceable industrial assets. The candidate must be comfortable in an entrepreneurial environment. This person shall be a self-starter, have a willingness to participate in all aspects of Wildflower’s business and be accustomed to a fast-paced dynamic environment.

Roles and Responsibilities

Wildflower is seeking an exceptional candidate to hire as an Associate / Investments.

Asset Management

· Maintain intimate knowledge of and strategy for the existing and growing portfolio, reporting to the SVP / Investments

· Track key dates and performance metrics on a deal-by-deal basis; including loan maturities, rate cap expirations, reporting deadlines, guarantor releases

· Maintain and update portfolio financial models including running ad hoc analyses.

· Oversee draw package processing (with internal and external stakeholders) and reporting as well as budget management

· Oversee portfolio compliance, including with regard to JV partners, lenders, guarantors and tax incentive programs

· Lead capital call and distribution analyses and calculations related to ongoing projects and capital events, experience with Juniper Square a plus

· Maintain development and operating budgets, in partnership with internal teams, and take responsibility for quarterly and annual budget updates

· Manage portfolio insurance policies, real estate tax payment and abatement and tax commission filings

· Field ad hoc investor relationships questions, oversee Juniper Square and CrowdStreet investment portals

· Work alongside finance team on cost segregation process

· Address questions regarding key documentation including JV agreements, loan agreement, leases, development and project management agreements

· Lead regular leasing update calls

Acquisitions

· Lead financial modeling and presentation preparation for new investments, with the ability to formulate and express opinions on the merits of new opportunities

· Lead due diligence collection and review

· Assist and participate in closing activities and review of purchase agreements, JV agreements, loan agreements and dispositions

· Obtain insurance and real estate tax estimates from third party vendors

· Obtain market intel and comp data to support new investments

· Meet with new and existing investors

· Conduct site tours alongside internal teams

Required Skills

· Minimum of 3-7 years experience

· Strong communication skills

· Knowledgeable about real estate, transactional dealings, marketing, negotiating

· Highly proficient in Excel

· Self-motivated and entrepreneurial