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Acquisitions / Asset Management Professional – Commercial Real Estate (Hospitality)

Dallas

Credit Funds

Ref#: 2163

Date published: 26-Mar-2018

Fortress’s Real Estate Loans & Equity teams are focused on investing in distressed real estate loan acquisitions, special situation equity investments and recapitalizations, opportunistic lending, REIT debt and commercial real estate structured products.  The teams have long-standing distressed investing and asset management experience with a fully tested and integrated origination, acquisition, underwriting, and asset and risk management infrastructure.

Fortress’s Dallas office has an opening for a Commercial Real Estate professional to join the commercial real estate team of Credit Funds business.  The candidate will directly support a Managing Director and a Portfolio Manager with deal screening, underwriting, due diligence, execution and asset management of a portfolio of Hospitality investments. 

Responsibilities of the position will include:

Screening of potential hospitality investment including desktop underwriting, fact checking, due diligence and recommending investments
Modeling assumptions for underwriting of new acquisition opportunities
Investment memo creation, preparation and presentation to investment committee
Business plan development including market analysis, operations and renovations
Negotiating loan documents, franchise agreements, property management agreements
Shepherding the investment through closing
Asset management of the investment through execution and refinement of the business plan to achieve the investment goals

The ideal candidate will have the following:

4 - 6 years of direct and hands on experience in commercial real estate hospitality investing and asset management, preferably in a Hospitality REIT or other hotel ownership environment
Experience in distressed, opportunistic, repositioning and value add hospitality investments a huge plus 
Prior asset management, property management, and construction oversight experience also a plus.
Strong modeling skills including regular use of Excel and MS Office programs 
Developed relationships with brokers and, ideally, owners and brands throughout the county 
Excellent analytical skills, acute attention to detail, and strong organizational skills
Outstanding written and verbal communication
Self-starter, able to work independently or in a team environment 
A Bachelor’s degree in accounting, finance or real estate  
Demonstrated flexibility to handle multiple projects in a fast-paced environment
Unquestionable integrity and ethics

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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.