Acquisitions and Development Professional - HBSE (Newark · NJ)

HBSE jobs
Sports Jobs in Newark · NJ
Other (consulting, membership, non-profit, real estate): Real Estate & Construction
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, leading venue Prudential Center in Newark, N.J., the GRAMMY Museum Experience Prudential Center, the Delaware Blue Coats, the Binghamton Devils, the Sixers Innovation Lab Crafted by Kimball, and renowned esports franchise Dignitas. Led by some of the best and brightest minds across a diverse spectrum of industries, HBSE positions itself as one of the most pioneering, innovative global sports and entertainment businesses to date. HBSE also strives to positively impact the local communities in which it operates 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. Prudential Center in downtown Newark, N.J. hosts more than 175 concerts, family shows and special events annually and is the fourth-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. Prudential Center is also home to the brand-new GRAMMY Museum Experience, the first and only of its kind on the east coast.

OUR COMMITMENT TO DIVERSITY:
At HBSE, we engage, represent and reflect diverse voices of employees, players fans and communities. We are dedicated to hiring the best talent that is reflective of 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 Real Estate, based in New York, is seeking an acquisitions and development professional to join our team. The ideal candidate has a bachelor’s degree in addition to 4-6 years of experience, preferably within an institutional real estate fund or an institutionally backed sponsor, and most recently developing large scale mixed‐use projects. The firm is comprised of exceptionally talented professionals who are dedicated to a common long‐term objective of developing real estate that improves communities around sports and entertainment venues. The professional will work in the firm’s investment and development group to acquire operating properties, acquire/execute development projects, and work selectively on sports and entertainment real estate related investment opportunities.

RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

  • Independently lead and prepare financial models, projections, and analyses on prospective property acquisitions and development opportunities including market analysis, lease analysis, budget creation, project scope, and return on investment modeling
  • Produce deal evaluations for internal review and participate with principals in meetings to consider potential acquisition and development opportunities with minimal oversight
  • Lead the preparation of acquisition proposals and offer letters
  • Research market data/demographics, including interfacing with brokers to obtain comparable lease and sales information
  • Interface and produce marketing materials and presentations to prospective institutional investors and lenders
  • Lead due diligence and closing activities
  • Assist in formulating deal structures, considering legal, financial and investment/capital aspects of the transaction
  • Aid and manage documentation of deal including purchase and sale, joint venture, financing and leasing agreements
  • Lead preparation of internal and external presentations
  • Assist with all aspects of development – financing, entitlement / government approvals, public relations, design, leasing / marketing and construction
  • Monitor construction costs, budgeting and timeline of deliverables
  • Work on special projects as assigned, including formulating investment strategies and prospective business lines


QUALIFICATIONS:

  • Bachelor's degree with a concentration in real estate, finance, business, or accounting
  • 4-6 years of professional experience working within an investment bank, institutional real estate fund or an institutionally backed sponsor is preferred; demonstrated deal sheet across property types, most recently in mixed‐use development
  • 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 using Excel and Argus, including knowledge of advanced Excel functions and ability to create joint venture waterfalls
  • Ability to work in a challenging, fast paced environment and handle multiple projects at the same time including travel on an as‐need basis. Accuracy and attention to detail is critical.
  • Adaptable and able to adjust to changing project scopes and timelines
  • Ability to handle a variety of responsibilities by taking initiative; self‐starter
  • Critical Evaluation - excellent problem‐solving skills, must exhibit good judgement
  • Willingness to question assumptions, demonstrated passion for continuing education, and has a strong interest in the built environment
  • Leadership and Navigation ‐ outstanding management and leadership skills
  • Ethical, has global and cultural awareness
  • Excellent time management and prioritization skills
  • Business Acumen - entrepreneurial, hardworking, and highly collaborative leader
  • Work well under pressure and has sound judgement in crisis situations
  • Relationship Management – excellent interpersonal skills; able to interact with vendors, colleagues and investors
  • Must possess a friendly and professional attitude; a great teammate
  • Professional attitude with a high energy level, strong work ethic and punctuality
  • Strong mentoring skills with the capability of developing employees


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.