Meridian Property Company

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Acquisitions Associate

Acquisitions | Irvine, CA | Full Time

Job Description

About Us

Meridian is a full service commercial developer of and provider of real estate services.
Meridian invests in medical and general office real estate assets between $10 - 50M throughout California. Meridian is able to develop, renovate or repurpose existing buildings to meet its clients’ needs from 7,000-SF to over 100,000-SF.  Meridian has completed numerous retail properties, clinics and medical practices, and general office buildings. We also seek to enhance the value of underperforming and underutilized medical office buildings through a strategic acquisition strategy. Meridian is an affiliate of the Marcus & Millichap Company, the parent company of a diversified group of real estate companies in the commercial investment, service and development industry.   For more information, please visit www.mpcca.com.

Position Overview

Job Description: The Acquisitions Associate will be responsible for conducting both desktop and field research and analysis on prospective opportunities including build-to-suit prospects, value-add buildings, and/or site selection for build-to-suit clients.  The Acquisitions Associate will also be involved in the due diligence process and market and financial feasibility analysis for real estate development projects. 

Primary Duties and Responsibilities:

  • Run financial models on build-to-suit opportunities and value-add opportunities using ARGUS and internal Microsoft Excel models.
  • Analyze prospective deals and evaluate them relative to the respective market at both a desktop level (CoStar, Loopnet), as well as in the field (site tours, property visits).
  • Periodically visit and analyze trade areas to understand the specific submarkets for supply and vacancy trends, comparable property identification, and potential acquisitions.
  • Maintain a lease and sales comp database around targeted submarkets.
  • Obtain/investigate lease and sale comps as needed for analysis, recommendation, and underwriting of prospective properties.
  • Prepare Letters of Intent (LOI) and assist in negotiation of offers with brokers and owners.
  • Prepare or assist in the preparation of pre-investment analysis, travel packages, and investment committee packages.
  • Assist with miscellaneous business development, corporate finance, and marketing tasks to increase deal flow and operational efficiency.
  • May perform other duties as required.

Required Education and Experience:

  • Bachelor's Degree required
  • Minimum of 3-years relevant real estate experience
  • Excellent written and verbal communication skills
  • Understanding of commercial real estate, finance, and capital markets (some design/architecture/construction experience is a plus)
  • Self-starter with the ability to be detail orientated
  • Knowledge of computer systems including  MS Excel and Word, CoStar, Argus, and other relevant software
  • Ability to plan, organize, and coordinate work assignments, and simultaneously coordinate multiple tasks

Supervisory / Management Responsibilities:

  • None

Environmental Conditions:

  • Normal office environment.

Other Important Data:

  • Must reside within reasonable commuting distance to Irvine, CA.