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Real Estate Analyst- Asset Management
New York
Credit Funds
Ref #
3283
Date published
15-Jan-2024

Credit Real Estate Analyst


About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $48 billion of assets under management as of December 31, 2023. Founded in 1998, Fortress manages assets on behalf of over 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. We had approximately 903 employees and 208 investment professionals as of December 31, 2022, at our headquarters in New York and our affiliate offices around the globe.


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. The investment team, led by Pete Briger, Dean Dakolias, Drew McKnight and Josh Pack, has a long and established track record investing throughout a number of credit and distressed cycles around the world. 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


Responsibilities:

  • Assist in the proactive asset management of a portfolio of opportunistic commercial real estate debt investments across various property types including office, hotel, retail, condo, and multifamily.
  • Review and analyze business plans, loan documents, lease approvals, construction draws, leasing activity and monthly property operating performance
  • Interact with Borrowers and operating partners to ensure compliance with loan documents, debt covenants and operating agreements.
  • Analyze new real estate debt investment opportunities within the Credit Fund business
  • Underwrite and value real estate (all asset classes) by building property level financial models and performing DCF and/or direct capitalization analysis.
  • Assist is preparation of Investment Committee memos and participate in deal presentations to senior management
  • Perform property level Due Diligence and market studies
  • Stay current on financial markets and competitive trends and use this expertise in the due diligence and evaluation process


Qualifications:

  • At least two to three years of experience working in the real estate finance industry
  • A Bachelor’s degree from a top university with a GPA of at least 3.5
  • Self-starter with excellent organizational skills and a strong work ethic
  • Team-player who thrives in a fast-paced work environment
  • Proven ability to multitask and quickly understand new concepts
  • Strong quantitative, written and oral communication skills
  • Advanced knowledge of Excel, PowerPoint, and ARGUS Enterprise
The base salary range for this position is expected to be between $100,000 and $110,000.

The base salary range proposed for this role has been set forth to comply with local law, but salary is only one element of the total compensation for this role. The base salary range suggested above does not include compensation elements such as bonuses, overtime and deferred cash (each of which are applicable in certain roles), benefits, perquisites, and company contributions to employee 401(k) accounts. Such other pay components often result in total compensation materially exceeding base salary for a particular role. Total compensation as well as base salary for a role depend in part upon individual performance, years of service, experience, geographic considerations, the performance and the needs of particular business units, company performance, and general market conditions.
Maximum Salary
110,000
Minimum Salary
100,000


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.