Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building – “the World’s Most Famous Building” – and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US, and #3 in the world, in Tripadvisor’s 2022 Travelers’ Choice Awards: Best of the Best. The company is a leader in healthy buildings, energy-efficiency, and indoor environmental quality and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of March 31, 2023, ESRT's portfolio is comprised of approximately 8.9 million rentable square feet of office space, 718,000 rentable square feet of retail space and 721 residential units across three multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn

The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT value continuous employee development and encourage colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision.

POSITION SUMMARY
The Investment Team seeks to invest in office, retail, and residential assets and pursue equity, preferred equity, mezzanine, and distressed debt opportunities. The Analyst position is integral to all phases of the investment process, with primary focus on underwriting, diligence, and execution.

RESPONSIBILITIES

• Analyze investments to the highest institutional standard
  • Analyze and synthesize market information to inform underwriting assumptions including leasing, development pipeline, financing, transaction, and capital raising activity
  • Organize and participate in market diligence trips, competing property tours, and onsite inspections
  • Understand and communicate the physical characteristics of properties and the related competitive advantages and disadvantages
  • Prepare efficient investment memoranda for the ESRT Investment Committee and participate in discussion
  • Create property and portfolio financial models that isolate variables and considers various outcomes
  • Analyze property and portfolio level data to inform underwriting assumptions including rent rolls, leases, historical cash flows, expense items, capital investment, and financing options
  • Collaborate with other departments to provide critical inputs for underwriting model
• Support the transactions process
  • Maintain and update process workflows and data rooms
  • Support due diligence process and ensure information flows are coordinated across internal and external parties
  • Maintain a database of pipeline and historic transactions
• Assist with key asset management initiatives
  • Participate in and provide support for the ongoing asset management of each investment
  • Work with CIO and Senior Vice President to prepare agendas and materials for asset management meetings
  • Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general responsibilities
• Contribute to investment strategy
  • Analyze data sets and identify industry trends that support new investment themes
  • Build proprietary databases that support sourcing initiatives
  • Analyze historical portfolio performance
• Act as a culture carrier and exemplify the guiding principles of ESRT
  • Service-oriented and an ESRT brand ambassador
  • Strong communicator
  • Team player

WHAT SUCCESS LOOKS LIKE
Success in this position means the Analyst has become an integral part of the Investments Team and can be relied upon for timely and accurate analyses. The Analyst works seamlessly with the members of the Investment Team to prioritize assignments and communicates issues and significant findings to the team immediately. The Analyst works flexibly based upon new information and deadlines and can pivot quickly as needed. The Analyst is curious and growth-oriented, constantly seeking to absorb knowledge and acquire experience.

REQUIRED SKILLS/ABILITIES

• One to three years of real estate related experience including investment sales, real estate valuations, investment banking, or private equity is preferred
• Highly detail-oriented, has strong organization and communication skills, and can prioritize and re-prioritize based on changing business needs
• Displays excellent judgment and can act decisively in situations requiring quick but thorough analysis and decision-making, while understanding when and how to escalate issues appropriately
• Active collaborator that thrives in a transparent and communicative setting
• Domain knowledge of New York and the greater metropolitan area is preferred but not required
• Proficient in ARGUS and Excel
• Has an entrepreneurial spirit and is excited by the challenges that come along with building a business

EDUCATION & EXPERIENCE

• A college degree in business administration, real estate, finance, or related field preferred.

WHAT YOU CAN EXPECT
At ESRT, like our tenants, our employees come from everywhere. We foster a richly diverse work environment that captures top talent and cultivates the best ideas. By focusing on inclusion and celebrating our differences, we create even greater value — in business practices, relationships, and employee engagement. As an Equal Opportunity Employer, we are committed to maintaining a diverse, inclusive and equitable work environment where our employees can thrive. In addition, ESRT employees embody our Company Culture & Success Factors -

• Adaptable – you are a self-starter who’s able to quickly digest and execute new processes to work both collaboratively and independently
• Dynamic – you are solutions-oriented, aim to improve processes and implement efficiency, and offer insightful feedback to improve ESRT
• Dependable – you take a strong sense of ownership and accountability over your work
• Passionate – you keep up with industry trends and are excited about the potential to propel the industry forward with a “roll-up-your-sleeves” attitude
• Curious – you consistently look for new ways to work smarter, not just harder
• Ethical – you treat others with respect, and embrace and contribute to a culture of diversity and inclusion
• Positive – you possess a service-oriented attitude with excellent follow through

The salary range for this position is $90,000 to $150,000. Salary is based on several factors including but not limited to education, work experience, job location, size of property where applicable, and/or certifications. In addition to your base salary, ESRT provides discretionary annual bonuses. ESRT offers comprehensive, competitive benefits & well-being programs including:

BENEFITS

• Competitive base salary and bonus
• Health/Dental/Vision insurance
• Company sponsored Life, AD&D, STD (with Salary Continuation), and LTD Insurance
• Voluntary Enhanced LTD Program
• Voluntary Hospital, Accident, and Cancer Programs
• 401(k) with 100% match up to 5%
• Paid parental leave
• Pre-tax transit accounts
• Employee Assistance Program for emotional, financial, and legal support

WELL-BEING

• Generous paid time off
• Flex remote work time
• Flex Summer Fridays
• Employee engagement programs
• Volunteer time off
• Continuing education
• Complimentary Empire State Building Observatory access
• Complimentary gym membership and other wellness benefits
• Employee Discount Programs