Investment Director, HBSE Real Estate
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Job Location:
Newark, DE - USA
Yearly Salary:
$ 200000 - 250000
Posted on:
8 days ago
Vacancies:
1 Vacancy
Job Summary
In order to be considered for this role after clicking Apply Now above and being redirected you must fully complete the application process on the follow-up screen.
WHO WE ARE:
Founded by Josh Harris and David Blitzer Harris Blitzer Sports & Entertainment (HBSE) includes in its portfolio the Philadelphia 76ers the New Jersey Devils Prudential Center in Newark N.J. the Delaware Blue Coats the Utica Comets and a variety of other sports and entertainment properties. Led by some of the best and brightest minds in the industry HBSE positions itself as a pioneering and innovative global sports and entertainment business enterprise. We also strive to positively impact the local communities in which we operate through the powerful platform of sports. HBSE offers an energetic work environment built on collaboration growth and a quest to excel in everything we do.
As part of its portfolio Prudential Center in downtown Newark N.J. annually hosts more than 200 games concerts family shows and special events and is a top-5 ranked sports and entertainment venue in the U.S. by Pollstar and Billboard. It is home to the New Jersey Devils a renowned NHL franchise with three Stanley Cup championships and a proud passionate fan base. HBSE also owns the NBAs Philadelphia 76ers one of the most storied franchises in American sports having won three championships led by some of the most iconic athletes in NBA history.
OUR COMMITMENT TO INCLUSION:
At HBSE we are dedicated to hiring the best talent from the communities where we live work and play across all groups and levels; supporting and developing every employee to reach their potential; and creating an inclusive environment that allows team members to bring their true authentic selves to work.
POSITION OVERVIEW:
Harris Blitzer Sports and Entertainment is seeking a real estate investment professional to join our team. The ideal candidate has a bachelors degree in addition to 3-5 years of experience preferably within real estate investment banking an institutional real estate fund or an institutionally backed sponsor and most recently developing large scale mixeduse projects. The professional will report to the Head of Real Estate and the CFO and will work in close coordination with revenue and corporate development groups to analyze and underwrite large-scale investment and development projects for the firms sports and entertainment venues and surrounding mixed-use buildings.
RESPONSIBILITIES INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING:
- Independently prepare detailed financial models from scratch for prospective property acquisitions development and redevelopment projects including market analysis lease analysis budget creation detailed P&L build detailed capital stack analysis inclusive of equity and debt and corresponding return on investment modeling
- Produce financial evaluations and presentations for internal review and participate in meetings with principals to consider potential development opportunities with minimal oversight
- Assist in formulating deal structures considering legal financial and investment/capital aspects of the transaction
- Support the preparation of acquisition proposals and offer letters
- Research market data/demographics across the sports entertainment and real estate landscapes
- Interface and produce marketing materials and presentations to prospective institutional investors and lenders
- Support due diligence and closing activities for acquisitions and debt financing
- Aid and manage documentation of deal including purchase and sale joint venture financing and leasing agreements
- Lead preparation of internal and external presentations
- Work on special projects as assigned including formulating investment strategies and prospective business lines
QUALIFICATIONS:
- Bachelors degree with a concentration in real estate finance business or accounting
- 3-5 years of professional experience working within an investment bank institutional real estate fund or an institutionally backed sponsor; demonstrated deal sheet across property types
- Demonstrated success managing the life cycle of a transaction from acquisition through development and delivery
- Strong analytical quantitative communication and storytelling skills. Demonstrable understanding of financial statements use of comparative data and financial forecasting
- Outstanding proficiency in creating complex financial models for real estate financial analysis including knowledge of advanced Excel functions and ability to create joint venture waterfalls
- Outstanding proficiency in creating highly polished presentations and investment memorandums using PowerPoint
- Ability to work in a challenging fast paced environment and handle multiple projects at the same time including travel on an asneed basis. Accuracy and attention to detail is critical.
- Relationship Management excellent interpersonal skills; able to interact with vendors colleagues principals and investors
- Business Acumen entrepreneurial hardworking not afraid to ask questions
- Adaptable and able to adjust to changing project scopes and timelines
- Ability to handle a variety of responsibilities by taking initiative; selfstarter
- Critical Evaluation excellent problemsolving skills must exhibit good judgement
- Willingness to question assumptions demonstrated passion for continuing education and has a strong interest in the built environment
- Ethical has global and cultural awareness
- Work well under pressure and has sound judgement in crisis situations
- Must possess a friendly and professional attitude; a great teammate
- Professional attitude with a high energy level strong work ethic and punctuality
WORKING CONDITIONS:
- Travel Requirements: May be required to travel occasionally including between HBSEs various offices; trips may require air travel and/or overnight stay.
- Work Environment: This position generally requires that work primarily be performed from the NJ Devils office in Newark NJ. Must be able to work a flexible schedule including nights weekends and holidays as needed.
- Physical Requirements: Must be able to move up to 10 pounds.
COMPENSATION AND BENEFITS:
The pay range for this position at commencement of employment is expected to be between $200000 and $250000/year. Base pay offered may vary depending on multiple individualized factors including market location job-related knowledge skills and experience.
This position will be an at-will position and the Company reserves the right to modify base pay (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance Company or individual department/team performance and market factors.
The benefits package for the position may include the following subject to the terms of the then-in-effect Company policies plan documents and other eligibility criteria:
- Medical/Dental/Vision/Flexible Spending Accounts
- Pretax Transportation Benefit
- Generous Parental Leave policies
- 401K (with a company match after 1 year of service)
- Generous Paid Time Off policies
- 13 Paid Holidays
- ½ Day Summer Fridays
- Complimentary or Discounted Sports & Concert Tickets
- On Site Fitness Rooms
- Other League & Partner Discounts
Details of participation in these benefit plans will be provided if a candidate receives an offer of employment.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race color religion national origin sex sexual orientation age disability gender identity marital or veteran status or any other protected class.
Required Experience:
Director
About Company
Harris Blitzer Sports & Entertainment (HBSE), founded by Josh Harris & David Blitzer in 2017, is a proud family of diverse, global brands and sports properties including the Philadelphia 76ers and the New Jersey Devils among many others.
