Location: New York,NY, USA
About Galvanize Climate Solutions
Galvanize Climate Solutions ( Galvanize ) is a global investment firm focused on creating long-term value through investments in the climate transition. Founded by Katie Hall and Tom Steyer, Galvanize invests across asset classes including venture capital and growth equity, public equities, and real estate. The knowledge from these strategies, combined with analysis produced by the firm's impact measurement, science, technology, and policy specialists, generate investment intelligence that enhances the firm's ability to drive material climate impact and achieve outperformance for its investors.
Our Galvanize Real Estate ( GRE ) vertical is a first of its kind sustainable real estate platform that aims to invest in well located, high quality real estate to reduce the property's carbon footprint, improve cash flow, and increase asset values. GRE believes that many geographies and property types have access to untapped technological innovations that can make sustainability initiatives, like renewable power generation, energy reduction, electrification, water 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 role 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 operates as a dynamic startup, meaning that most roles-including this one-will naturally evolve over time. The ideal candidate should be adaptable and ready to take on a variety of tasks to support the growth and success of GRE and its investors.
Key relationships in the role will include GRE's acquisitions team, asset managers, sustainability team, and portfolio managers
Role
The Analyst or Associate will report directly to the Vice Presidents of Acquisitions, providing vital support to the Acquisitions team. This role involves financial modeling and underwriting transactions, as well as collaborating with senior leaders to develop processes and refine the investment thesis for sustainable investing in the U.S. commercial real estate market. Additionally, the team member will contribute to the creation of marketing materials, investor presentations, and other literature.
The ideal candidate will demonstrate a strong commitment to intellectual curiosity and integrity, actively seeking diverse perspectives and employing a fact-based decision-making approach. A collaborative mindset and a consensus-driven culture are essential. At GRE, we are dedicated to supporting and uplifting our colleagues through the daily practice of Galvanize's core cultural values, including 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 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 of 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 GRE and Galvanize team to achieve overall objectives, including the successful implementation of the sustainability framework across the portfolio and achieving GRE's stated KPIs
Required Qualifications
* Minimum of 1 year of experience in real estate acquisitions, asset management, portfolio management, or investment banking
* Experience with real estate valuation or modeling
* Advanced knowledge of Microsoft Excel and Argus
* 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, communication, and writing 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
* 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
* Willingness and ability to travel
* Authorized to work in the US without eventually needing employer sponsorship
Additional Qualifications
* Ability to work closely and communicate effectively with senior management
* Thrive in organizations that constantly evolve and adapt
Compensation and Benefits
* Estimated base salary range, depending on experience in the role: $100,000 - $175,000 per annum
* Role is also eligible for an annual discretionary bonus
* 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 16 weeks of 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
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.
Diversity Statement
Galvanize is 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. Consideration of the equitable distribution of global climate transition impacts and benefits, will be a core tenet of our decision-making and organization. This consideration guides Galvanize's culture, structure, investment strategy, and advocacy efforts. Galvanize is committed to building a broadly diverse organization from its ownership to its workforce.
Base Salary Pay Band
$100,000-$175,000 USD