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Retail Specialist


Credit Funds

Ref#: 2581

Date published: 4-Aug-2020

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $45.5 billion of assets under management as of June 30, 2020. 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.

About Credit

Fortress’s Credit business was launched in 2002 by Pete Briger. Today, the Fortress Credit team consists of over 500 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. With over 100 professionals dedicated to asset management in 14 geographic locations, the Fortress Credit team also has the experience and expertise to manage and service assets with operational complexity.

About the Position

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, closing and asset management of Retail investments. 

Responsibilities Include:

           Screening of potential retail 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 leasing, operations and renovations

           Negotiating loan documents, leasing 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 direct & hands on experience in commercial RE retail investing and asset management, preferably in a Retail REIT or institutional environment

           Experience in distressed, opportunistic, repositioning and value add retail investments a huge plus 

           Prior leasing, property management and construction oversight experience also a plus.

           Strong modeling skills including regular use of Argus and MS Excel 

           Developed relationships with brokers and retail operators throughout the country 

           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.