COMPANY DESCRIPTION
Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 174 existing properties, Lightstone s over $7.5 billion portfolio currently includes over 10.4 million square feet of industrial, logistics, life sciences, and commercial properties, over 22,700 residential units, and over 4,300 hotel keys. Lightstone s development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.
ROLE: VICE PRESIDENT, CREDIT MANAGEMENT
This role will be to document, identify, and review Investment Committee Memo s ( ICOMM ) and Procedure Standards for Lightstone s Real Estate Debt and Real Estate Equity investments ( Real Estate Investments ).
The position will report to the Chief Credit Officer of Lightstone Group and will be located in New York City.
KEY RESPONSIBILITIES
- Review expected performance to actual performance for all Real Estate Investments.
- Review original ICOMMs of all relevant Real Estate Investments.
- Review actual performance with Asset Management Team, Acquisitions Team, Legal Team, and Finance Team.
- Identify and document the key differences from expected performance to actual performance.
- Collaborate with Senior Management to provide documented takeaways based in the key differences identified from performance reviews.
- Collaborate with Senior Management to proactively and reactively establish Procedure Standards for Real Estate Investments.
- Continually review and update procedure standards for Real Estate Investments.
- Participate in the underwriting, credit review and risk assessment all Real Estate Investments.
- Ensure all ICOMMs maintain quality standards and measure risk appropriately.
- Ensure compliance with all Procedure Standards for Real Estate Investments.
KEY ATTRIBUTES/EXPERIENCE
- Minimum of five to seven years of relevant commercial real estate experience.
- Relevant real estate experience in Multifamily, Hospitality and Industrial.
- Ability to identify key risks associated with Real Estate Investments.
- Self-starter who is able to effectively prioritize multiple projects simultaneously.
- Strategic thinker coupled with the ability to dive into the details.
- Well-organized; strong independent work ethic with an excellent attention to detail.
- Effective communication and collaboration skills
- Ability to contribute to a positive, supportive Lightstone culture.
- Highly proficient in both writing and presentation skills
- Proficient in Microsoft Excel.
- Appropriate education credentials.