A major function of GRES is to provide ample exposure to the multitude of real estate job functions that exist in today's marketplace. The functions include, but are not limited to....
- Coordinates with general contractors to execute capital projects
- Directors of property managers for operation of commercial assets
- Assist acquisitions team with understanding update/repair costs for properties
- This is the industry’s broadest function and requires strong organization, communication, finance and planning skills
Acquisitions and Dispositions
- Responsible for entire buying process including: asset identification, market research, underwriting, price negotiations, due diligence, and capital calls
- Must have strong finance background, requires extensive networking, includes components of brokerage/sales
- For closed-end and open-ended funds, portfolio managers help limited partner (LP) clients and the asset management/acquisitions teams understand the geographic and segment specific risk associated with a pool of commercial assets and how that pool tracks a benchmark.
- Assists in adjustments in portfolio composition to maintain intended levels of risk
- Must have strong quantitative/analytical skills
- Functions range from identifying vacant land for ground-up development, or locating and acquiring infill re-development sites
- Must have strong problem solving skills and understanding of geography specific land-use regulations, must have the ability and discipline to navigate bureaucratic regulatory processes
- Must be able to formulate and pitch proposed building projects in the abstract, must have a compelling vision