Analyst, Acquisitions (Real Estate) @ Galvanize Climate Solutions

Galvanize Climate Solutions - Background

Galvanize Climate Solutions (“Galvanize”) is a recently formed alternative asset manager and SEC-registered investment advisory firm, founded in 2021 with a mission to provide the capital, expertise, and partnerships necessary to produce and scale vital and urgent climate solutions. Galvanize combines investment, technical, policy, talent, and communications expertise under one roof. We are organized to create investment strategies across seed, venture, and expansion, to support companies vital to decarbonizing our society.

The firm’s founders, Kathryn (Katie) Hall and Tom Steyer, have extensive experience in global investments, finance, philanthropy, and politics. Katie Hall is the Founder and Co-Chair of Hall Capital Partners (“HCP”), an independent, SEC-registered investment advisory firm. Founded in 1994, HCP manages over $40bn in investment assets for foundations, endowments, and large pools of family capital. Tom Steyer founded and ran Farallon Capital Management, a multi-strategy global investment business based in San Francisco, from 1986 until 2012. During that period, it grew assets from $6mm to $36bn. Over the same time, Tom was also a partner and Investment Committee member at Hellman & Friedman, a multi-billion dollar private equity firm.

Galvanize Real Estate - Background

Galvanize Real Estate (“GRE”) is a real estate investment platform dedicated to incorporating a comprehensive sustainability framework into the full investment process, from market and asset selection to business plan execution. Nothing about the framework and process will be concessionary. We believe that the focus on sustainability, when combined with disciplined fundamental investment practices, has the ability to contribute to produce compelling risk adjusted returns. GRE believes that many geographies and property types have access to untapped technological innovations that can make operational ESG initiatives, like green power generation, water reuse and reduction, profitable. We also believe that a sustainable relationship with the community in which the real estate resides can enhance a property's brand through a thoughtful offering of services and amenities, creating an improved sense of place and increased desirability.

This is an outstanding opportunity for an investment professional who is aligned with Galvanize’s mission and is excited to build a differentiated platform with a triple bottom line. Galvanize is a startup and so most roles - including this one - will evolve over time. Initially, the candidate needs to be willing to do whatever is necessary to advance the interests of GRE and its investors.

The Position

Title

Analyst

Location

New York

Reports to

Vice President of Acquisitions

Key Relationships

GRE investment professionals, including acquisitions team, asset managers, ESG / sustainability team, and portfolio managers

Main Focus and Initial Priorities

GRE is looking to hire an Analyst to support the Acquisitions team. The candidate will financially model and underwrite transactions as well as work with senior leaders to build processes and shape the investment thesis for sustainable investing in the US commercial real estate market. The employee will assist in the completion of marking materials, investor presentations, and literature.

The candidate must have a commitment to intellectual curiosity and honesty, soliciting opinions from diverse perspectives, a fact-based decision-making process, and a collaborative-consensus driven culture. GRE strives to support and elevate our colleagues through our daily practice of Galvanize's cultural values such as radical collaboration and respect for all.

Specific Responsibilities

Build and refine financial models used for evaluating investments in commercial real estate
Complete financial and qualitative analysis to help senior acquisitions professionals filter transactions based on their consistency with the investment thesis and ability to complete the sustainability plan
Work with the asset management and ESG / sustainability team to financially model and underwrite the investment and formulate a business plan
Complete analysis and content for the Investment Committee memo and help the VP Acquisitions lead, present, and defend investments to the Investment Committee
Coordinate the due diligence execution of acquisitions, including market surveys, tenant credit analysis and interviews, property management interviews, and ordering, coordinating, and analyzing third-party reports
Help compile internal and external marketing documents, investor presentations, and literature
Work with senior leaders in Acquisitions to research and evaluate markets
Identify desirable target markets for each property type and risk profile, ranging from core to core-plus to value-add and development
Initial target property types include multifamily, industrial, student, and self-storage
Digest market intelligence and cascade to the broader group with the goal of constantly challenging and refining the investment thesis
Act as a transaction manager for the execution of an acquisition
Build relationships with similar leveled counter-parties at brokerages, operator partners, owners, leasing agents and other market participants in the target markets
Collaborate with other members of the investment team, including the ESG team, to achieve overall objectives, including the successful implementation of the sustainability framework across the portfolio and achieving ESG metrics

Required Qualifications

Commercial real estate investment experience
Advanced knowledge of Microsoft Excel
Sophisticated financial skills and capital markets perspective with ability to structure investments to achieve investment requirements
Meticulous attention to detail – output is consistently accurate, thorough, and completed within deadlines
Excellent analytical and communication skills
Accountability for their work and receptive to constructive feedback
Ability to build relationships around the firm
Must possess a high standard of professionalism and integrity
Ability to prioritize, multi-task, and meet tight timelines
Willingness and ability to travel
Belief in Galvanize’s purpose of accelerating climate solutions through profitable investment strategies
Exceptional intellectual curiosity and honesty
Proactive self-starter with a track record of going above and beyond what is asked
Up-to-date with regard to COVID vaccines
Authorized to work in the US without eventually needing employer sponsorship

Additional Qualifications

Proficiency with Argus is a plus, but not required
Ability to work closely and communicate effectively with senior management
Thrive in organizations that constantly evolve and adapt

Compensation

Estimated base salary range, depending on experience in the role: $100,000 - $130,000 per annum
Role is also eligible for an annual discretionary bonus

What We Offer

Generous benefits package, including employer-paid health coverage options
401(k) plan with employer match
25 days of PTO for vacation, personal time, or sick leave
Monthly wellness benefit that covers a broad range of activities
Annual learning and development stipend
Up to four months paid parental leave
A collaborative and inclusive culture that is committed to recruiting, retaining, engaging, and developing a pool of talent that is diverse across all dimensions

More About Galvanize

As a newly launched investment platform, we are committed to recruiting, engaging, and retaining talent that is diverse across all dimensions. We will apply our team’s different experiences, backgrounds, and viewpoints to drive better decision making in advance of scaling vital and urgent climate solutions. Galvanize is an equal opportunity employer.

Galvanize will help lead the effort to close the climate investment gap by spearheading the use of Movement Capitalism – an economic philosophy that employs the foundations of capitalism – innovation, entrepreneurship, competition – in support of a higher public purpose.