Acquisitions & Asset Management Analyst (Real Estate)

About Penbrothers

Penbrothers is an HR & remote talent management partner and one of the fastest growing companies in the Philippines. We provide talented Filipinos with global opportunities in high-growth startups and dynamic companies, from the comfort of their own homes.

About the Client

Our Client is a commercial real estate investment firm that acquires and manages value-add retail properties. Based in Charlotte, NC, the firm specializes in sourcing, underwriting, and operating neighborhood shopping centers and similar assets, with a focus on long-term cash flow and strategic value creation. The Client partners with accredited investors and capital sources to deliver consistent returns through hands-on asset management and disciplined acquisition strategies.

About the Role

We are seeking a highly skilled Acquisitions & Asset Management Analyst (Real Estate) who can immediately contribute to underwriting, market research, and asset management. This role works directly with the CEO and sits at the center of the firm's investment process. Prior underwriting experience and hands-on ARGUS Enterprise and Excel cash flow modeling proficiency are required. Familiarity with NNN structures, CAM/TICAM reimbursements, and TI norms is required.

Work hours: 9 AM to 6PM EST

Work set-up: Remote

What you'll do

Acquisitions Support (Underwriting)

• Underwrite potential acquisitions using Excel and ARGUS
• Normalize OMs, T-12s, rent rolls, and seller-provided financials
• Run sensitivity analyses for rents, cap rates, rollover, TI, and exit pricing
• Analyze tenant rosters, lease structures, and competitive positioning
• Prepare concise, structured summary outputs that support fast decision-making

Market Tracking (Competitive Intelligence)

• Maintain clean databases of sales comps, rent comps, and submarket metrics
• Use tools such as CoStar (preferred) to pull comps, demographic data, and market analytics
• Track historical deals, owner patterns, broker behavior, and submarket trends
• Prepare periodic market summaries to inform acquisition strategy and underwriting assumptions

Asset Management Support

• Abstract leases and track key lease dates (commencement, expirations, options)
• Maintain updated rent rolls and tenant economic data
• Update property-level financial projections and mark-to-market analyses
• Assist with TICAM/NNN reconciliation reviews and operating budget updates
• Review property reports (roof, HVAC, environmental, survey) for analytical insights that improve underwriting and ongoing asset planning

What Success Looks Like (3–6 Months)

• Independently underwrite new deals with accuracy and consistency
• Produce clean, reliable Excel and ARGUS outputs
• Maintain up-to-date market intelligence databases
• Update asset models and rent rolls without prompting
• Identify risks, value drivers, and market nuance quickly
• Operate as a true analytical extension of Idlewood's acquisitions and asset management functions

What You Bring

• 3-5 years of hands-on experience underwriting commercial real estate acquisitions (retail preferred; office/industrial/multifamily acceptable)
• Proficiency in ARGUS Enterprise (ASC Certification a bonus)
• Strong Excel financial modeling capability
• Familiarity with NNN lease structures, CAM/TICAM reimbursements, TI/LC norms, and GP/LP pref/promote structures
• Ability to interpret rent rolls, T-12s, OMs, and leases accurately
• Excellent written English with ability to summarize findings clearly
• High attention to detail and strong organizational discipline
• Ability to overlap partially with U.S. working hours

Preferred qualifications:

• CoStar experience (rent comps, sales comps, submarket analytics)
• Retail shopping center underwriting experience
• Experience supporting acquisitions or asset management teams
• Lease abstraction experience
• Ability to turn underwriting outputs into clean, investor-ready summaries
• Skill in drafting first-pass investment package content for capital raises
• Experience assisting with investor update preparation, including extracting key metrics and drafting performance summaries
• Light marketing/design sense for organizing charts, tables, and deal narratives
• Basic presentation proficiency (PowerPoint, Google Slides, Canva)
• Ability to translate complex financial data into simple, compelling takeaways

Don't meet every single requirement? At Penbrothers we are committed to building a diverse, inclusive, and authentic workplace, so if you're excited about this role but you don't feel 100% aligned with the qualifications, we encourage you to apply anyway. You may just be the right fit for this or other roles.

Hiring Process

We utilize AI tools to enhance our hiring efficiency and ensure a fair evaluation of all candidates. As a result, candidates who passed our initial evaluations should expect an AI Interviewer as a component of our recruitment process. This is supervised by Human Talent Acquisition Experts who will also engage with you throughout your application journey.

What You'll Get

At Penbrothers, we are obsessed with creating positive employee experiences. Here you'll find an environment that nurtures learning and provides opportunities for growth. You'll have the opportunity to make an impact on fast-growing startups and dynamic companies.

• Meaningful work & Growth: We take every opportunity to stretch ourselves and deliver an excellent client experience.
• Employee as our biggest asset: We are genuinely invested in our people's career and welfare.
• Global reach & local impact: Get to work with high-growth startups and dynamic companies from the comfort of your own home.

Powering global startups: We've created 1,400 Filipino jobs that empower global start-ups to focus on growth.