Jonathan Rose Companies
 
Careers


NEW POSITIONS INTERNSHIPS
If you support our mission and are looking for a collaborative, multi-disciplinary work environment, you will find a career at Jonathan Rose Companies to be both challenging and rewarding. We understand that a successful business is built on leadership, project excellence and a visionary outlook for the future.

Jonathan Rose Companies is an equal opportunity employer that supports and promotes human dignity and racial, ethnic and cultural diversity by taking positive steps to eliminate barriers that may exist in hiring and employment practices. We encourage applications from minorities, women, and persons with disabilities. Company policy prohibits discrimination or harassment on the basis of race, color, religion, national origin, ancestry, sex, age, marital status, familial status, sexual orientation, disability or veteran status.

Salary will be commensurate with experience and qualifications.  Comprehensive benefits provided.  Position available immediately. 


Contact Information
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Please include the name of the position in the subject line of the email.

Fax: (917) 542-3601
No Phone Calls Please

We are currently accepting application for our Spring internship program. 

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THE FREDERICK P. ROSE ARCHITECTURAL FELLOWSHIP

The Frederick P. Rose Architectural Fellowship was established in 1999 by the Frederick P. Rose and Sandra P. Rose Foundation to assist recent architecture school graduates in directing their skills in the service of low and moderate-income communities.

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SUPER UNDERWRITER
NEW YORK CITY OFFICE

We are seeking a Super Underwriter for the Investments team. The position is located in the New York City office.

The acquisition team is responsible for sourcing new investment opportunities, including direct investments and joint ventures, managing operating partner relationships, conducting due diligence (in close coordination with Asset Management), obtaining debt financing, grants and subsidies, conducting closings, creating property-level business plans, coordinating with the Finance and Accounting team, and transitioning new acquisitions to the Asset Management team.  

Position Requirements:

  • 7-10 years of real estate acquisition transaction experience on the principal side.
  • A master’s degree in real estate or master’s in business administration; relevant work experience will be considered.

  • Excellent command of real estate finance, underwriting and pro forma construction, including property level cash flow projections, discounted cash flow analysis, multi-tiered waterfalls, and acquisition joint ventures.

  • Demonstrated experience with regulated affordable housing, including HUD subsidized, LIHTC, mixed-income and mixed-finance.
  • Experience with multifamily and commercial investment product types.
  • Experience working with state housing finance agencies is a plus.
  • Excellent writing abilities for producing cogent investment memoranda and briefings.
  • Managerial experience, including demonstrated ability to provide guidance and mentorship to analysts and fellow acquisition team members.
  • Network of contacts to assist in the sourcing of new investment opportunities.
  • Willingness to travel within domestic US for work.
  • Hands-on, team-oriented personality, with a willingness to lead as well as play supporting role.
  • Advanced skills in Excel modeling (experience with ARGUS a plus).


ASSET MANAGER - OFFICE / RETAIL
NEW YORK CITY OFFICE

We are seeking an individual with a positive attitude, strong work ethic and good interpersonal skills for an Asset Manager for our portfolio. This position will be part of our Investments Group and report to the Director of Asset Management.

Position Requirements:

  • Coordinate all aspects of asset management for a national portfolio of office and ground floor retail space
  • Plan, develop and implement procedures that will ensure the higest occupancy possible with the correct tenant mix
  • Monitor the operations and budgets of the properties (overseeing local property management staff) as as to ensure the long-term affordability and viability of the properties
  • Responsible for the marketing, leasing, occupancy, receivables (rental income), maintenance and capital improvements.
  • Manage all leasing brokers with frequent oversight
  • Coordination and oversight of capital work (green retrofits). 
  • Negotiate commercial leases and brokerage agreeements on behalf of the owner  

Qualifications


  • 10 years experience, preferably in the commercial real estate field
  • Masters degree preferred
  • LEED certified professional




AFFORDABLE HOUSING ACQUISITION ANALYST
NEW YORK CITY OFFICE

We are seeking an Analyst to join the acquisition team, which is responsible for sourcing new investment opportunities, including direct investments and joint ventures, managing operating partner relationships, conducting due diligence (in close coordination with Asset Management), obtaining debt financing, grants and subsidies, conducting closings, creating property-level business plans, coordinating with the Finance and Accounting team, and transitioning new acquisitions to the Asset Management team.  

We seek mixed-income and 100% acquisitions with one or more of the following characteristics: properties with project-based Section 8 contracts; Section 42 properties with expiring use restrictions or re-syndication opportunities; Section 236 properties in need of restructuring; other assisted projects catered to low-income residents.

Many of the assets we acquire are in need of capital and energy efficiency improvements, and for this we leverage our firm’s 25 years of experience with building and renovating affordable housing.  

Primary Responsibilities:

  • Screen potential acquisitions for match with underwriting criteria
  • Underwrite and complete new affordable and mixed-income housing investments nationally
  • Perform financial analysis and modeling, verification of income and expense assumptions, and evaluation of range of capital structures and financing relevant to affordable housing
  • Communicate with brokers, property managers, owners, consultants, government/regulatory agencies as necessary to inform accurate property valuation
  • Compile due diligence information for Investment Committee, including market research data, federal, state and local regulatory information 
  • Assist in preparing initial asset level business plan, including documentation of strategy and forecast of financial performance 
  • Complete applications and documentation necessary for obtaining debt financing or Low Income Housing Tax Credits as appropriate 
  • Establish and maintain relationships with brokers in order to assist in sourcing new deals
  • Review pertinent legal documentation and support contract negotiations, including purchase contracts and joint venture agreements
  • Work on portfolio analysis and valuations, as required
  • Travel required 

Qualifications

 

  • Positive attitude, strong sense of integrity and ethics 

 

  • 2-4 years relevant experience
  • Strong quantitative analysis and financial modeling skills (Excel) are a pre-requisite
  • Willingness to take on new challenges, and structure and manage processes to produce results and meet deadlines
  • Demonstrated ability to solve complex problems, and think holistically while being detail-oriented
  • A strong command of multi-housing finance, including bonds, Low Income Housing Tax Credits, FHA, and GSE
  • Experience working with Department of Housing and Urban Development (HUD), including familiarity with regulations and subsidy programs
  • Excellent verbal and written communication skills 
  • Education:  minimum B.A. or B.S. in Real Estate or Finance; M.B.A. preferred
  • Experience with mixed-use assets, and other product types (i.e. office and retail) is a plus. 


CONSTRUCTION MANAGER
NEW YORK CITY OFFICE
The Construction practice provides a full array of construction services on all projects within Jonathan Rose Companies. The Construction Project Manager role (CPM) is a new position designed to bring dedicated construction knowledge and support to the other practice groups within Jonathan Rose Companies.  Working mainly with the development and owner’s representation practice groups, the CPM will serve as day-to-day contact with third party construction managers/general contractors regarding construction issues and will work closely with development project managers, clients, project accountants and other internal staff to manage the project from inception through completion.

Primary Responsibilities:

  • Provide pre-development/pre-acquisition advisory services on construction related items such as: budget, phasing, and site logistics;
  • Work with in-house team of project managers during preconstruction to review construction budgets prepared by outside Construction Managers/General Contractors to support competitive pricing;
  • Manage value engineering process;
  • Assist in plan review to ensure conformance to Jonathan Rose Companies’ standards and identify constructability issues;
  • Serve as construction period representative for projects in the New York regional market;
  • Attend site project meetings as the Owner’s Representative;
  • Provide on-site support for timely completion of projects, including monitoring inspections, submittals, change orders, requests for information, construction change directives, commissioning, schedule and construction quality;
  • Coordination of project close-out, warranty work, and transition to asset management;
  • Review contracts, contractor requisitions, change order and draw requests; and ensure adherence to budget, schedule, and design goals;

 

    Position Requirements:

    • Minimum BS in Engineering, Architecture, Construction Management or related field;
    • 5-7 years of construction experience.  Familiarity with mid-rise and hi-rise market rate or mixed income multifamily construction preferred;
    • Excellent project management skills;
    • Excellent communication skills;
    • Self-starter with ability to manage multiple complex projects simultaneously and contribute productively in a team environment;
    • Microsoft Office Suite and Microsoft Project, 
    • Familiarity with New York City Department of Buildings and BIS system a plus;
    • Experience with LEED and/or energy management systems a plus; 
    • Experience with institutional and cultural facilities a plus.