Transaction Analyst at Last Mile Investments

North American Properties and its portfolio companies believe that it all comes down to connections—people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them.

We believe that by fulfilling people’s desire for connectedness, we’re creating happier places and experiences that in turn become more successful environments, more vibrant communities and ultimately, a better world. Since 1954, we’ve balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.

Whether developing multifamily, mixed-use, office, student housing, hotel or retail environments, we’re driven to deliver more valuable, meaningful real estate and ventures that transform, inspire, delight and succeed by connecting us all with what matters most.

Position Summary

Classification: Exempt, Regular Full-Time

Last Mile Investments (the “Company”) is looking to hire a Transaction Analyst, who is energized to perform in a fast-paced, high growth, team-based environment. Located in Cincinnati, the Transaction Analyst would primarily run the due diligence and closing process for new acquisitions, as well as dispositions of existing properties. The position will make recommendations to senior team members on investment decisions. This position will also assist in debt capital markets transactions, including loan documentation review and working with lenders to coordinate the loan closing process.

Last Mile Investments, an affiliate with North American Properties, is a real estate fund management platform that is currently acquiring on behalf of Fund III, intending to acquire 20+ retail assets per year. The ideal candidate should have a strong passion for real estate. The Transaction Analyst will be part of a small team working closely with the Company’s Principals and must have proficient communication skills and the ability to think independently, but unafraid to ask questions or seek direction. Strong organizational skills are required to balance multiple deals at once and keep deals on track through tight due diligence and closing time frames. The position will necessitate travel to properties under contract.

Duties & Responsibilities

• Work with Vice President of Investments and outside counsel to negotiate purchase contracts and loan documents for potential acquisitions.
• Work with title, seller, and internal finance and accounting teams to submit earnest money deposits and establish critical transaction dates.
• Collect proposals for third party reports and coordinate the kickoff and management of third party vendors.
• Work with outside sellers and brokerage groups to collect information on deals under contract, including taking inventory of critical due diligence and operating materials materials and asking questions to ensure understanding of current center operations.
• Conduct site visits and tenant interviews for properties under contract
• Review tenant leases, rent rolls, operating statements, tenant recovery statements, and other financial statements
• Work with internal leasing and asset management teams to put together leasing and asset management plans for properties under contract.
• Work with property management to put together operating expense and capital budgets for properties under contract.
• Work with Investments team to put together models and return projections for properties under contract.
• Compile data and qualitative deal aspects into a detailed sign off memo and present to internal team, including senior leadership and department heads.
• Coordinate closings between title, outside counsel, lender, and seller.
• Hand off the properties to operations post-closing and act as liaison between operations and investments.
• Oversee the due diligence and closing process for disposition properties.

Qualifications and Requirements

• Proficient in Excel, Word, and PowerPoint.
• Close attention to detail and strong organizational skills.
• Team player, strong work ethic, and passion to learn about the commercial real estate industry.
• 2-5 years of relevant work experience preferred (Co-op and internship experience included).
• BA/BS in Real Estate, Finance, or Economics from four-year college or university preferred.
• Ability to comprehend, analyze, and interpret various types of real estate documents, including leases and financial statements.
• Excellent communication skills (both written and verbal).
• Ability to multi-task in order to meet deadlines.
• Must demonstrate professionalism with the ability to react objectively.

Compensation and Benefits:

The position will include an excellent benefits package that includes medical, dental, life, and 401(k). It will provide a competitive salary based on the candidate’s experience.

About Last Mile Investments:

Last Mile Investments is a partnership between North American Properties and the Last Mile Investments management team, and is a real estate investment management platform currently acquiring on behalf of Fund III. The Company focuses on multi-tenant neighborhood centers with the following characteristics: i) assets located in highly convenient locations near the consumers home, work, or other stable traffic drivers; ii) assets leased to primarily internet and Amazon resistant retailers; and iii) assets that have been undermanaged/undercapitalized with value add opportunities. This particular strategy takes advantage of the structural trends in the retail landscape and offers a tremendous opportunity for investors in a yet unseen asset class.

About North American Properties

What makes a place great? North American Properties believes that it all comes down to connections—people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them.

We believe that by fulfilling people’s desire for connectedness, we’re creating happier places and experiences that, in turn, become more successful environments, more vibrant communities, and ultimately, a better world. Since 1954, we’ve balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.

Whether developing multifamily, mixed-use, office, student housing, hotel, or retail environments, we’re driven to deliver more valuable, meaningful real estate that transforms, inspires, delights, and succeeds by connecting us all with what matters most.

We look forward to hearing from you!

You can submit your resume at [email protected]

About North American Properties

NAP upholds a professional and deadline‐oriented working environment in an office setting. At NAP, we live our values of Relationships, Ownership, Agility, Strength, and Stability, Courage and Creativity, Empowerment, and Integrity.

North American Properties does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

We look forward to hearing from you!

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