POSITION: Vice President

START DATE: Immediate

LOCATION: Philadelphia, PA

Lubert-Adler is seeking a self-motivated individual to assume a key role in managing its asset management and investments team, with primary responsibilities as qualifications outlined below. This individual will have the opportunity to join a successful organization where he/she will immediately have significant responsibility in the management of a portfolio of notable Philadelphia real estate assets.

QUALIFICATIONS:

Bachelor’s degree required, preferably with a major in finance, real estate, accounting, economics, or liberal arts.
Candidate should have 5+ years of experience in real estate acquisitions or asset management, ideally with expertise in multifamily and hotel asset classes.
Strong understanding of real estate investments and financing processes.
Advanced financial modeling and excel capabilities, including the ability to build financial models for complicated financial structures. Argus capabilities are a plus.
Interpersonal skills including the ability to develop strong relationships with colleagues, third party management and external partners, as candidate will be the point of contact and representative for Lubert-Adler to a wide range of professionals.
Ability to communicate clearly and concisely both orally and in writing.
Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously in a fast-paced environment.
Highly self-motivated individual who takes initiative and is accountable for quality of work product.

RESPONSIBILITIES:

Candidate will lead a team to evaluate and new development opportunities, primarily in and around Philadelphia.
Manage a due diligence process
Underwrite all aspects of investment opportunities, including analyzing property-level cash flows, conducting market and demographic research, on-site due diligence, comparable property analyses, and assessing the various risks associated with the specific project (including but not limited to construction risk, availability and pricing of financing, and disposition)
Create and present investment committee materials.
Lead loan, tax credit investment, and property acquisition closing processes
Meet with prospective investors to fundraise for the investment.
Candidate will be responsible for overseeing a team of 20+ people consisting of construction management, property management for various assets classes (office, apartment, hotel, wellness clubs, parking garages, and retail), accounting, and will be responsible for overseeing the creation of property-level operating budgets, capex budgets, construction budgets, and working with senior management to assess the asset’s business plan based on variance to budget.
Will be responsible for ensuring that the team complies with specific guidelines, key milestone dates, reporting obligations to lenders, tax credit investors, investors, and government agencies, where applicable.
Will be responsible for coordinate with and managing a team whose responsibilities include the following:
Investor and lender covenant reporting.
Budgeting
Tax abatement applications and tax appeals
Creation and approval of valuations
Leasing
Placement and renewals of insurance
Accounting and cash management
Debt maturity and refinance analysis and strategy
Disposition strategies

Interested candidates should send their CV and qualifications to careers@lubertadler.com

LUBERT-ADLER

Lubert-Adler is a real estate investment company co-founded by Ira M. Lubert and Dean S. Adler in March 1997. Messrs. Lubert and Adler collectively have over 60 years of experience in underwriting, acquiring, repositioning, refinancing and exiting real estate assets. As of December 2023, Lubert-Adler has raised over $9 billion of equity and invested in over $25 billion of assets. Since its founding, Lubert-Adler has distinguished itself through the combination of opportunistic acquisition philosophies, coupled with value enhancement programs, designed to create high-quality assets that seek to generate current yield at a favorable cost basis. Since inception Lubert-Adler has acquired nearly 80,000 multifamily units, 176 million SF of retail and 20,000 hotel rooms. Lubert-Adler is an equal opportunity employer.

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Vice President