United States onlyRCLCO Fund Advisors (RFA), a division of RCLCO, guides large-scale investors, including pension funds and sovereign wealth funds, in their real estate investment strategies and assists in managing their large and complex real estate portfolios. Founded in 2011, RFA became a registered investment advisor (RIA) with the Securities and Exchange Commission in 2014. Today it boasts several of the top 20 national institutional investors as primary clients, and it also serves large international investors including family offices, financial institutions, and sovereign wealth funds. RFA currently has approximately $100 billion of assets under advisement and has advised on over $11 billion of equity investments for its clients.
RFA is improving the traditional institutional real estate investment model by providing customized and aligned advisory and investment management solutions to limited partners (LPs). The company facilitates partnerships that generate greater LP control and transparency, and the team drives and achieves long-term objectives in allocation, access, diversification, and performance. RFA’s work is characterized by analytical rigor, a commitment to alignment between investment partners, and a deep understanding of real estate markets and the drivers of value. Services provided by RFA include:
• Investment strategy
- Pacing plan and portfolio construction
• Manager/investment sourcing and underwriting
• Asset management and monitoring
- Reporting, performance, and attribution
RFA is a division of RCLCO, a national leader in providing strategic economic guidance to the real estate industry over the last 55+ years. RCLCO is a pioneer in bridging market and financial feasibility, consumer research, and industry intelligence. In addition to RFA, RCLCO’s other service lines include:
1. RCLCO Real Estate Economics leverages over five decades of experience analyzing demographic and lifestyle trends, market dynamics, and capital market realities to provide recommendations on highest and best use, product definition, market positioning, and financial feasibility for any proposed investment or development concept, site, or product type. The team provides crafted investment strategies and development solutions, creating the industry’s best kit of analytical tools to model where value growth will occur, which markets are undersupplied, what product niches are emerging, and how real estate assets can be enhanced and de-risked at throughout the economic cycle.
2. RCLCO Management Consulting provides tailored and executable strategic advice to real estate companies across all industry sectors and geographies. With deep expertise in portfolio transformation, human capital strategies, and capital formation, we have developed enterprise strategies that enable our clients to look around the corner. Our management consulting practice is comprised of the following offerings: Strategic Planning; Organizational Consulting; Capital Strategy; Portfolio Strategy; Operational Strategy; Compensation Consulting; and Executive Search.
RCLCO team members across all three service lines work collaboratively out of offices in Los Angeles, Denver, Washington, D.C., Austin, Orlando, and New York City. RCLCO’s team members come from a variety of backgrounds and disciplines with a shared passion for real estate and the built environment.
THE POSITION
With its rapidly growing client roster, RFA seeks a qualified Vice President to join the team as a key project and client manager. The Vice President will contribute as both a client portfolio manager, working to optimize portfolio composition and performance, and an institutional investment consultant, assisting clients with their investment strategies. In both cases, the Vice President will work to address the important and unique issues regarding real estate investing faced by institutional investors, including:
- Developing investment strategies that maximize value throughout the cycle through the development and implementation of investment ideas, pacing plans, policies, and risk management systems.
• Providing high quality and forward-looking investment analyses, including review of assets, separate accounts, funds, and programmatic joint ventures that will provide superior risk-adjusted investment returns.
• Strategically guiding clients on their investment decisions and analyses through discussion, presentations, articles, and custom deliverables.
The Vice President will report to Ben Maslan, Managing Director, and collaborate closely with other Managing Directors in RFA while managing Analysts and Associates with expertise in underwriting and financial analysis. This position can be based out of either the Los Angeles or Denver office of RCLCO, both of which have a high concentration of RFA team members.
Core responsibilities of the Vice President include:
• Serve as a project leader for client analyses. Develop work plans and establish accountability for team members and oneself.
• Provide analytical support for client real estate investment strategy development and portfolio planning/construction/evaluation.
• In collaboration with senior team members, review and select potential fund managers and/or operating partners by assisting in manager interviews and analyzing their track records, strategies, pipelines, financial and operating structures.
• Underwrite new investments on behalf of institutional investors across multiple property types and locations, including the review of cash flow assumptions, pricing, fees, and preparation of discounted cash flow models including complex waterfall fee structures.
• Review existing assets, including investment performance reporting, hold/sell analyses, budget reviews, capital plans, restructuring analyses, and appraisal reviews.
• Research and develop informed perspectives on industry trends and participants, and translate these findings into potential investment theses and strategies.
• Evaluate and make recommendations relative to client policy and internal guidelines for real estate investments.
• Review and translate quarterly performance reports from each investment manager into key takeaways and action items for clients.
• Produce reports and presentations to communicate key findings and recommendations to RFA’s Investment Committee and clients.
• Maintain and grow working relationships with clients.
• Mentor, train, and supervise junior team members.
CANDIDATE QUALIFICATIONS AND EXPERIENCE
Experience: 6+ years of work experience requiring quantitative analysis, ideally in real estate investments or management consulting
Education: A bachelor’s or master’s degree in economics, real estate, finance, business, or related fields.
The successful candidate will have the following career experience, abilities, and attributes:
• Advanced spreadsheet skills in financial modeling and analysis
• Demonstrated knowledge of commercial real estate underwriting, valuation, and investment theory
• Ability to structure quantitative and qualitative problem-solving approaches with attention to detail and accuracy
• Excellent analytical, quantitative, written, and verbal communication skills. Strong interpersonal skills with the ability to tailor communication to different audiences.
• Experience managing junior team members on projects. This person’s success depends on their ability to leverage the work of internal team members above and below while taking a hands-on approach themselves.
• Experience managing multiple projects and project teams at any given time under various time frames and constraints
• Track record of developing genuine relationships with and respect from internal and external business partners. Strength of character and flexible style to work successfully with a diverse range of people.
• Demonstrated leadership potential and a drive to succeed professionally.
• Commitment to continual learning and development on both a personal and team level.
COMPENSATION AND BENEFITS
Estimated base salary range: $130K-160K, plus annual bonus
Our benefits package includes:
- Hybrid schedule flexibility, with team members in the office three days per week and the option to work fully remote 4 weeks each year
• 100% paid healthcare for employees, including dental and vision insurance (with the option to upgrade plans and add dependents at team member's expense)
• Competitive vacation and wellness/sick time provided annually
• Family planning and fertility benefits
• Employer-paid family leave after one year of employment
• Employee stipend for continuing education and professional development
• Commuting stipend for team members not driving to work
• Cell phone stipend
- Wellness benefits such as an Employee Assistance Program, standing desks available to all team members, and healthy snacks supplied in each office location
• Annual employer contribution to 401(k)
• Option to participate in FSA or HSA
• In-office lunches and social events on a regular basis
• Paid time off to volunteer annually
• Employee Assistance Program
• Access to UrbanSitter for care resources, including childcare, pet care, elder care, and home maintenance
CONTACT FOR MORE INFORMATION
Ellen Klasson, Managing Director, (404) 667-1014 or [email protected]
Kelsey Padgham, Vice President, (240) 835-5883 or [email protected]
Equal Opportunity Employer - RCLCO is an EEO Employer who celebrates diversity - Drug-Free Workplace
RCLCO is committed to Diversity, Equity, and Inclusion and strives to cultivate a diverse working environment that respects and values individuals from a broad range of backgrounds and experiences.
