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Berkadia

Integrated commercial real estate investment services

Real Estate Analyst - Hotels & Hospitality

Appraisal & ValuationUpdated on Nov 13
Full-timeNew York, NY, USA

About the Job

Requirements

  • One to three years of prior experience in a similar position.
  • General understanding of real estate capital markets and the institutional investment sales process.
  • Basic understanding of real estate cash flow modeling.
  • Must be able to work in the office according to the weekly office schedule and travel by air occasionally on short notice.
  • Must be able to simplify and effectively communicate complex ideas in writing and through data visualization techniques to diverse audiences.
  • Must be proficient in Microsoft Office Suite, including Outlook, Word, PowerPoint, and Excel.
  • Must have working knowledge of at least one major artificial intelligence model, such as ChatGPT or Claude.
  • Must be able to prioritize tasks, work on multiple assignments at one time, and manage rapidly changing assignments in a team environment.

Responsibilities

  • Assist Investment Sales Advisors in preparing investment memorandums and valuations for review by senior executives.
  • Assist the market research function in procuring and analyzing market rates and expenses, comparable sales, and market trends.
  • Prepare financial models using alternative valuation methods, including discounted cash flow, direct capitalization, comparable sales, and internal rate of return; develop cash flow waterfalls, note sale valuation models, and debt sizing analyses.
  • Assist with financial analysis and projections for acquisition and disposition opportunities so senior executives can evaluate each project's financial feasibility and viability.
  • Break down and analyze profit and loss statements and competitive market STR reports.
  • Use and maintain databases tracking investment sales activity, debt capital markets data points, construction pipeline, and other relevant real estate metrics.
  • Prepare and actively participate in presentations for internal and external clients.
  • Review industry surveys and benchmarks, and economic and demographic trends.
  • Establish working relationships with the team to understand and identify its market intelligence needs.
  • Assist in managing third-party reports to complete underwriting and due diligence for acquisitions and dispositions.
  • Maintain databases, including management of a cloud-based customer relationship management system.
  • Support senior hospitality executives.
  • Perform other duties as assigned.

Desired Qualifications

  • Experience with data analytics, including demographics, competitors, industry trends, and real estate trends.
  • Knowledge of real estate value drivers, including capital markets, real estate submarket dynamics, and hospitality market considerations.
  • Experience using Adobe Creative Suite, including InDesign and Photoshop.

About the Company

Berkadia

Integrated commercial real estate investment services

Berkadia provides integrated commercial real estate services across the full investment lifecycle, offering investment sales, mortgage banking, and loan servicing for multifamily and other commercial properties. Its platform uses technology, data, and analytics to support underwriting, closing, servicing, and asset management, delivering a seamless, end-to-end experience for institutional and individual investors. What sets Berkadia apart is its scale and backing as a joint venture between Berkshire Hathaway and Jefferies Financial Group, which gives broad access to capital and extensive industry relationships. Its goal is to help clients optimize investment outcomes through comprehensive, data-driven financial services and asset management.

Company size
1,001-5,000
Company stage
Debt Financing
Total funding
$361.2M
Headquarters
Amherst, New York
Founded
2009

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