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Investment Associate

Expansive Workspaces

Expansive Workspaces

Accounting & Finance
Austin, TX, USA
Posted on Tuesday, August 27, 2024

*Please know that there are no sponsorships for this role. You must be able to work in the U.S.

Single Bay Industrial is seeking a talented, experienced and motivated real estate professional to help lead and grow its recently launched shallow bay industrial investment platform. This is an opportunity for an entrepreneurial, growth-minded professional to get in on the ground floor of a growth strategy with a group of proven platform builders.

The Company: Single Bay Industrial LLC (“SBI”) is a platform venture from the founders and executives of Expansive

Workspace - the largest owner-operator of coworking and flex office buildings in the US – focused on strategically

acquiring and operating shallow bay industrial assets. Over the last 15 years the SBI leadership team has raised over $1 Billion of capital across its platforms and is a fully integrated real estate company with in-house acquisitions, asset

management, development, property management, operations, and accounting teams. SBI and affiliate companies have offices in Austin, Dallas, Chicago, and Atlanta.

Position: Investment Associate

Job Description: This position will be responsible for delivering on financial performance objectives at SBI’s properties through the creation and execution of plans and budgets for marketing, leasing, asset management, and capital projects.

Manager: Matt Goebel, Principal & Director

Job Location: Expansive– Highland, 305 E Huntland Dr, Austin, TX. This is an in-person position with moderate travel

required (estimated 5-7 days per month)

Primary Duties:

• Track, analyze and report on KPI’s; make recommendations to increase revenue and NOI performance

• Own the development and execution of the marketing and leasing strategy for SBI properties

• Negotiate lease and renewal terms to achieve business objectives

• Oversee rent collections and implement systems to reduce delinquency

• Work with vendors & service providers to improve quality and reduce cost

• Ensure customer satisfaction through outreach, responsiveness, professionalism, and follow through

• Create dynamic cash flow forecasts with variance reporting and sensitivity analyses

• Prepare and lead a weekly meeting with the SBI Executive Team on performance and progress on key initiatives

• Ensure accuracy and accessibility of key data and software systems

• Draft reports, responses other communication to key external stakeholders

Compensation: starting base salary of $70,000/yr plus bonus, with opportunity for rapid salary growth

Benefits: competitive healthcare plan, generous vacation policy, 401k matching, opportunity for advancement

Attributes: the following traits are needed to be successful in this position:

• Entrepreneurial mindset with an emphasis on marketing and sales

• Strong Excel skills and a passion for real estate finance and investing

• Ability to work cross-functionally and asynchronously with in-person and remote teams

• Excellent organization skills and discipline to stay focused on priorities among competing demands

• Highly resourceful with excellent written communication skills

Education & Experience: Bachelor’s degree or higher and 2+ years relevant work experience with a demonstrable history of high achievement in academics, work, and community.

Contact: please submit a resume and cover letter to Matt Goebel at matt@expansive.com to be considered for this position.