Piedmont Office Realty Trust
Analyst
Piedmont Office Realty Trust, Atlanta, Georgia, United States, 30383
At Piedmont, our mission is to build and transform workspaces that enhance connection and collaboration for tenants, while remaining committed to our stakeholders, employees, and local communities. Going beyond Piedmont’s commitment to a best-in-class built environment, we have dedicated ourselves to fostering a diverse and inclusive culture by empowering employees to share their experiences and ideas to create a culture where there is shared pride, passion, and commitment to excellence, innovation, and respect. Culture is more than just a buzzword to us; our employees are what make Piedmont such a dynamic and rewarding place to work and remain our most valuable resource to work together, be successful, grow the company, and make an impactful difference in the office experience.The Real Estate Analyst provides wide-ranging support to teams responsible for the financial and operational oversight of Piedmont’s approximately $5 billion portfolio of Class A office properties. This support would include, but not be limited to, the evaluation and analysis of potential acquisitions, dispositions, lease transactions, re-development, and development opportunities as well as the operational strategy of a select portfolio of assets.JOB RESPONSIBILITIES:
Lead the financial analysis of various real estate transactions including leases, acquisitions, dispositions, and development/re-development. Most common forms of analysis include NPV, IRR, payback, and net effective rent calculations.Maintain and update asset level software (ARGUS) on a quarterly basis, to include:Pertinent leasing updatesReview of market and submarket fundamentalsCapital expenditure forecastingRecommend changes of underlying assumptions to asset managerDetermine initial opinion of value for select assetsMonitor property financials to assess performance versus budgets, and discuss with property manager possible correction actions for material variances.Participate in frequent discussions with third party brokerage firms regarding potential transactions and relevant market conditions.Participate in design of property repositioning and renovations.Cross-train and collaborate with analyst and associate pool in order to ensure best practices are implemented across regional real estate and acquisitions/dispositions teams.Prepare internal documents for review of material transactions (Executive Committee, Investment Committee, and Board of Directors).Support various real estate team initiatives.EOE/MFDVJOB REQUIREMENTS:
Bachelor's Degree in Finance, Real Estate, Economics, Accounting, or related field.0-3 years of commercial real estate industry experience.Solid understanding of financial concepts (NPV, IRR, lease comparison, ROI, DCF modeling, financial statements, etc.).Knowledge of Microsoft Office suite with high proficiency in Excel; experience in PowerPoint is a plus.Knowledge of Argus Enterprise preferred, but not required.Excellent interpersonal, written, and verbal communication skills.Excellent analytical, quantitative, and problem-solving skills.Physical requirements involve sitting to perform general office work at a computer, and mobility between departments or office area to facilitate work.Routine travel is not required for the position.
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Lead the financial analysis of various real estate transactions including leases, acquisitions, dispositions, and development/re-development. Most common forms of analysis include NPV, IRR, payback, and net effective rent calculations.Maintain and update asset level software (ARGUS) on a quarterly basis, to include:Pertinent leasing updatesReview of market and submarket fundamentalsCapital expenditure forecastingRecommend changes of underlying assumptions to asset managerDetermine initial opinion of value for select assetsMonitor property financials to assess performance versus budgets, and discuss with property manager possible correction actions for material variances.Participate in frequent discussions with third party brokerage firms regarding potential transactions and relevant market conditions.Participate in design of property repositioning and renovations.Cross-train and collaborate with analyst and associate pool in order to ensure best practices are implemented across regional real estate and acquisitions/dispositions teams.Prepare internal documents for review of material transactions (Executive Committee, Investment Committee, and Board of Directors).Support various real estate team initiatives.EOE/MFDVJOB REQUIREMENTS:
Bachelor's Degree in Finance, Real Estate, Economics, Accounting, or related field.0-3 years of commercial real estate industry experience.Solid understanding of financial concepts (NPV, IRR, lease comparison, ROI, DCF modeling, financial statements, etc.).Knowledge of Microsoft Office suite with high proficiency in Excel; experience in PowerPoint is a plus.Knowledge of Argus Enterprise preferred, but not required.Excellent interpersonal, written, and verbal communication skills.Excellent analytical, quantitative, and problem-solving skills.Physical requirements involve sitting to perform general office work at a computer, and mobility between departments or office area to facilitate work.Routine travel is not required for the position.
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