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Real Estate Associate
Dallas
Credit Funds
Ref #
3224
Date published
11-Sep-2023
About Fortress
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $46.2 billion of assets under management as of September 30, 2023. Founded in 1998, Fortress manages assets on behalf of approximately 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com. 

About The Position
Fortress Investment Group’s Dallas office has an opening for a Commercial Real Estate Associate focused on multifamily equity investments. The Real Estate Associate will support the team through all stages of the deal life cycle including acquisitions and asset management. The individual hired for this position will be focused on asset management of a discreet, value-add multifamily portfolio and provide support for new acquisitions across the capital stack. This person will additionally have exposure to real estate development and will interact with developers, equity partners, and industry professionals. Fortress promotes an open-door policy with a strong career track in all aspects of commercial real estate based on individual performance, offering significant growth and advancement opportunities. The ideal candidate should have effective communication skills, strong work ethic, and a desire to learn and assume additional roles.

Responsibilities
Asset manage a portfolio of multifamily equity investments
Assist in real estate underwriting and due diligence of new acquisitions of multifamily investments across the capital stack
Cash flow modeling 
Create transaction analysis, summaries, and investment memorandums for recommendations to the Investment Committee
Review weekly and monthly reporting packages and evaluate variances and trends in operating income and expenses
Manipulate large quantities of property level data received from third parties
Develop strong relationships and effective lines of communication with colleagues and third parties (including joint venture partners, property managers, leasing agents, brokers, attorneys, and loan servicers)
Implement action steps and strategies to maximize the value of the assets
Abstract and monitor legal documents such as operating agreements, loan documents, management and leasing agreements to ensure compliance
Regularly perform site inspections of assigned investments
Perform market data analysis

Qualifications
An undergraduate degree in Accounting, Finance, or Commercial Real Estate (or other relevant degree, e.g. Economics, Mathematics, Engineering)
2-5 years of experience in commercial real estate on the equity side; including experience and expertise in analyzing rent rolls, leases, operating statements, budgets, reviewing loan documents, appraisals, environmental and engineering reports
Excellent analytical skills, attention to detail and strong organizational skills
Outstanding written and verbal communication skills
Self-starter, able to work independently or in a team environment
Demonstrated flexibility to handle multiple projects in a fast-paced, merit driven work environment
Unquestionable integrity and ethics
Strong proficiency in MS Office applications (especially Excel)
Multifamily or student housing experience



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.