Vice President Real Estate Valuation and Advisory Services

Houlihan Lokey’s Real Estate Valuation and Advisory Services practice (REVS) brings dedicated expertise to the unique challenges inherent in valuing real estate assets. Our seasoned team of real estate professionals has a distinguished history of valuing real estate companies and their underlying securities, large real estate portfolios, and individual properties.

Within our Real Estate Valuation and Advisory Services practice, our clients include many of the world’s largest hedge funds, private equity funds, direct lending funds, business development companies, among other asset managers, and we advise them on the valuations of illiquid real estate debt, equity and complex securities in order to meet their investor and regulatory financial reporting requirements.  Our market-leading practice has a strong reputation with regulators, auditors, and investors and we rapidly mobilize the right team for the job, drawing on our expertise in a wide variety of asset classes, along with our firm’s real-world transaction experience and market knowledge

The group is composed of credentialed industry professionals who hold the MAI designation awarded by the Appraisal Institute, Certified Public Accountants, as well as Accredited Senior Appraisers of the American Society of Appraisers (ASA) and professional members of the Royal Institute of Chartered Surveyors (MRICS and FRICS). Our capabilities go far beyond appraisal, with our REVS team regularly working alongside our Real Estate, Lodging & Leisure Group (Corporate Finance/ Restructuring) to provide distinctive expertise in transaction execution. Such market intelligence empowers our REVS team to deliver real-time insight based on real-world transactional experience.

SCOPE

Our Real Estate Valuation and Advisory Services (REVS) team is excitingly recruiting for a new VP who will be a fully integrated member of our engagement teams. Conduct market and financial research regarding real estate supply, demand, pricing and investment parameters; including in-market interviews, data gathering and confirmation of comparable transactions as well as utilizing data subscription sources 

RESPONSIBILITIES

• Manage and train a team of Analysts and Associates working a diverse range of real estate asset classes analyzing both real estate debt, equity and asset valuation
• Manage client relationships, including leading financial due diligence sessions, managing deliverables and supporting business development efforts
• Leading the valuation review process by guiding the valuation of real estate debt, equity and asset valuations and reviewing complex financial models (e.g., for specific securities or transaction structures);
• Presenting valuation analyses and conclusions internally and externally;
• Acquire knowledge of the use and capabilities of subscription data sources, e.g., CoStar, SNL, CBRE-EA, and mine data from the sources efficiently 
• Collect, manipulate and analyze property, market and financial data, including: 
  • Analyze historic property operating statements 
  • Abstract and analyze leases 
  • Prepare complex cash flow models using Excel and/or ARGUS software
  • Analyze available data to estimate revenues, costs and rates of return 
  • Estimate property and portfolio values 
  • Ensure that all work product is accurate and complete 
  • Prepare reports and presentations to team and clients, including graphic and written sections 

QUALIFICATIONS

• The environment at Houlihan Lokey is aggressive and entrepreneurial and, as such, rewards Vice Presidents with substantial responsibility. The ideal candidate should be motivated, creative, commercially driven, and possess strong skills in overall project management, leading, managing, performing financial analysis, and business development. Candidates must have a strong knowledge of real estate finance and valuation. Candidates must also have strengths in real estate financial theory, analytical capabilities, and verbal and written communication skills.

BASIC QUALIFICATIONS

• Bachelor’s degree in real estate or business administration or other related academic major with essential classes in finance, accounting and economics 
• Approximately seven plus years of real estate industry experience demonstrating solid real estate analytical capabilities 
• Demonstrated real estate analytical skills, including ability to identify and analyze comparable property sales and leases 
• Knowledge of real estate valuation techniques
• •Strong technical modeling skills with Excel and ARGUS software and ability to model property performance and waterfalls from property financial statements, debt instruments, ownership documents, budget and leases combined with market data 
• Knowledge of commercial property lease terms including expense treatments and adjustments to yield comparable rent amounts 
• Thorough competence in Microsoft Office products, particularly Excel, Word and PowerPoint 
• Excellent organizational, problem solving and communication skills 
• Strong work ethic and attention to detail 
• Strong business writing and presentation skills

PREFERRED QUALIFICATIONS

• Possession of, or progress toward, real estate industry certifications and licenses, e.g., MAI, CCIM, certified general real estate appraiser, broker, CPA, etc. 
• Willingness to travel