Ackman-Ziff Real Estate Group LLC History
1920
In 1926, Herman and Bert Ackman founded Ackman Brothers. Initially focused on new construction and acquisition projects, the brothers shifted their focus to property refinancing opportunities with the onset of the Great Depression and World War II. During the post-war construction boom, the firm developed a reputation as a highly capable land assembler.
1960
Larry Ackman, Herman’s son, joined the firm during the 1960s, ultimately becoming president in 1968 and CEO in 1977. In response to the instability in interest rates and property values that marked the 1970s and 1980s, the firm engineered various financial vehicles to match market movements, thereby reducing a critical area of interest rate risk in clients’ projects.
1980
The firm embarked on the next stage of its evolution when Simon Ziff joined Ackman Brothers and Singer in 1989 as an analyst. Simon was named president of Ackman-Ziff Real Estate Group in 1995 and Larry Ackman assumed the Chairman role. As president, Simon has overseen the firm’s aggressive growth.
2020
Today, Ackman-Ziff Real Estate Group is the industry’s preeminent boutique real estate capital advisory firm – offering a wide variety of cutting-edge commercial real estate capital markets financing solutions including debt and mezzanine financing, preferred and joint venture equity, sponsor equity, and investment sales. The privately held company is headquartered in New York City with offices in Miami, Los Angeles, and Boston.
Culture
Ackman-Ziff has been a trusted advisor for over 95 years. This longevity is not a result of luck or happenstance, but rather leadership’s focus on building a culture, not merely a company. Talented people placed in the right culture can do amazing things together – the company is simply the body while the culture is the soul.
Ackman-Ziff team members are focused on building long-term relationships with clients, many of which have evolved into long-term friendships. The firm’s key to such relationships – some even multi-generational – is its core ethos of ethics, integrity, honesty, and trust. These qualities begin internally with team member relationships, and naturally extend to the working relationships with clients. Client success is, naturally, of utmost importance.
If you are interested in learning more about Ackman-Ziff and how you may become part of its culture, please email your resume to human resources.
Careers
Ackman-Ziff is the industry’s preeminent boutique real estate capital advisory firm. Hiring guidelines are stringent and expectations are high. Ackman-Ziff seeks individuals who are entrepreneurial, creative, driven, and possess a strong desire to overachieve. Candidates must also be able to work in a collaborative environment and have the highest level of integrity.
The firm not only prides itself on attracting the industry’s best talent, but retaining talent over the long-term. Ackman-Ziff principals have worked together for 20-plus years and the average tenure of team members is 10-plus years. We are looking to fill the following positions:
Current Openings
Ackman-Ziff Real Estate Group is currently seeking team-oriented Managing Directors with senior and partner level experience to originate structured financings across asset classes with a particular focus on loan sales, debt, mezzanine and equity capital structuring property. Positions are based in New York, Miami, and Los Angeles.
Job Description and Responsibilities
Senior Originators will provide real estate capital markets advisory services to assist clients in securing the most appropriate capital solutions for their commercial real estate projects.
Responsibilities include:
- Originate financing mandates across asset classes
- Develop and maintain strong client relationships with owners and developers
- Pre-screen transactions prior to the full underwriting and execution
- Work closely with other members of the firm’s origination and execution teams
- Manage the transaction process from origination to closing including negotiating term sheets, transaction and legal documents
- Assist in preparing offering memorandum to prospective lenders and investors
- Cross-sell Ackman-Ziff’s lines of business and expertise
Skills and Qualifications
- 7 plus years of commercial real estate advisory, lending, or principal experience
- Significant existing relationships and experience working with owners and developers
- Ability to negotiate complicated term sheets and loan documents
- Strong customer service beliefs with a history of winning repeat business
- Superior deal evaluation and assessment skills
- Entrepreneurial and an outside-the-box thinker with a desire to expand existing client base
- Collaborative professional style that supports a collegial approach to meeting corporate objectives
- Team player with the highest desire to succeed
- High level of integrity and creativity with a hands-on, proactive style
- Bachelor’s degree required and advanced degree a plus
Ackman-Ziff offers a competitive compensation structure and a full range of benefits.
Please send resumes and cover letter to originations@ackmanziff.com.
Ackman-Ziff Real Estate Group is currently seeking a highly qualified and motivated Director level professional to join our execution team in our New York office. The primary focus of the role will be the execution of highly structured debt and equity transactions.
Job Description and Responsibilities
The Director will be an integral member of the transaction execution team and will work closely with senior management to provide clients with the most attractive capital markets solutions available.
Responsibilities include:
- Pre-screen transactions prior to the full underwriting and execution
- Perform underwriting analysis using discounted cash flow analysis, income capitalization, leveraged IRR and comparable sales and cost analysis
- Prepare lender presentations, offering memoranda and marketing materials including detailed market studies, cash flow analysis, transaction highlights and project descriptions
- Present offering memorandum to prospective capital sources
- Manage the collection of all required due-diligence materials
- Work closely with senior management to assist in the execution of debt, mezzanine, and equity transactions
- Review lender and investor term sheets, loan documentation, third party reports and miscellaneous documents relevant to transactions
- Identify and research real estate property trends, debt capital markets and equity trends in order to provide clients and internal members with sophisticated market color
- Attend client meetings and industry events to support the origination and execution of new opportunities
- Develop and maintain strong client relationships with owners and developers
Skills and Qualifications
- Five to seven years of experience in commercial real estate investing, capital markets brokerage, or commercial real estate debt lending
- Advanced degree preferred
- Financial analysis/underwriting experience
- Strong communication skills to manage both internal and client expectations
- Expert command of Excel, Word, PowerPoint; ARGUS experience a plus
- Ability to work in a team environment while possessing excellent self-motivational and entrepreneurial skills
- Ability to multi-task and prioritize between multiple projects
Ackman-Ziff offers a competitive compensation structure and a full range of benefits.
Please send resumes and cover letter to hr@ackmanziff.com with subject: 2022 Director, Execution
Ackman-Ziff Real Estate Group is currently seeking applicants for its 2023 full-time 9-12 month Analyst / Intern training program.
Skills/Qualifications
- Enrollment in a top-tier finance or real estate Master’s degree program
- Demonstrated interest in learning more about real estate finance and capital markets
- Strong writing skills with great attention to detail
- Motivated self-starter
- Advanced proficiency in Microsoft Office (Word, Excel, Outlook, and PowerPoint)
- Adaptable to fast, ever-changing environment
- Ability to multitask, prioritize, and maintain a flexible schedule
- Experience with underwriting, modeling, and financial analysis preferred
Job Description and Responsibilities
- Participate as a member of deal teams; interacting daily with associates and managing directors to create deliverables for clients and capital sources
- Learn the many moving parts of a capital markets transaction from inception to completion
- Exposure to owners/operators and capital sources
- Learn about real estate capital markets, deal structuring, negotiation, and financial modeling
- Exposure to underwriting to all asset classes, nationwide
- Exposure to current market trends and participate in research opportunities
- Sit in on meetings with senior management
- Assist in the maintenance of the firm’s database of clients and capital sources
Ackman-Ziff offers a competitive compensation structure and a full range of benefits.
Please send resumes and cover letter to hr@ackmanziff.com with subject: 2022 Analyst Program
Ackman-Ziff is currently seeking a highly motivated and qualified individual with relevant debt/equity experience to join our New York office as an Associate in our Debt Capital Markets practice.
Job Description
The Associate will be a member of the transaction execution team and will work closely with senior management to provide clients with the most attractive capital solutions available in the market.
Key Responsibilities:
- Perform preliminary underwriting analysis using discounted cash flow analysis, income capitalization, leveraged IRR and comparable sales and cost analysis
- Prepare lender presentations, offering memoranda and marketing materials including detailed market studies, cash flow analysis, transaction highlights and project descriptions
- Present offering memorandum to prospective capital sources
- Manage the collection of all required due-diligence materials
- Work closely with senior management to assist in the execution of debt, mezzanine, and equity financings
- Review term sheets, loan documentation, third party reports and miscellaneous documents relevant to transactions
- Identify and research real estate property trends, debt capital markets and equity trends to provide clients and internal sources with sophisticated market color
- Oversee and review work performed by analysts and interns
- Attend client meetings to support the origination of new opportunities
- Execution of limited client-facing communications on a technical level
Skills/Qualifications
- BA/BS degree in Business Finance and/or Real Estate Finance from a top-tier college and/or two to three years’ experience in commercial brokerage or lending. Master’s degree preferred.
- Financial analysis/underwriting experience including advanced modeling skills in Excel; debt capital markets experience a plus
- Strong written and verbal communication skills to manage both internal and client expectations
- Ability to work in a team environment while possessing excellent self-motivational and entrepreneurial skills
- Ability to multi-task and prioritize between multiple projects with deadlines in the same timeframe with a strong attention to detail
- Strong organizational skills
- Ability to work independently while also maintaining rapport with a team
- Strong Microsoft Office skills (Word, PowerPoint, Excel, etc.); ARGUS experience a plus.
- Candidates must be authorized to work in the United States
Compensation/Benefits
- Competitive salary / bonus structure
- Attractive health benefits
Please send resumes to hr@ackmanziff.com with subject: 2023 Debt Associate Role
About Ackman-Ziff
Ackman-Ziff Real Estate Group is the industry’s preeminent boutique real estate capital advisory firm that offers a wide variety of cutting-edge commercial real estate capital markets financing solutions, including debt, equity and mezzanine financing, preferred and joint venture equity, sponsor equity and investment sales. In business for over 90 years, the privately held company is headquartered in New York City with offices in Miami, San Francisco, Los Angeles and Boston. The firm is highly regarded within the industry for its integrity, creativity, and advocacy on behalf of its clients. Ethics and trust are the core ethos of the firm. Ackman-Ziff’s unparalleled commitment to aligning itself with its clients through a totally collaborative model differentiates it from other firms.
Ackman-Ziff is seeking a Senior Analyst to join our Equity Capital Markets team in Boston (Newton) by June 2023. This individual will work directly with senior members of the team to execute broad-based investment activity nationally with a focus on programmatic joint ventures, alternative property sectors, structured equity, and entity-level transactions. The successful candidate will be responsible for all aspects of underwriting, analysis, due diligence, and closing commercial real estate transactions and joint ventures as well as promoting collaboration and team culture in a fast-moving environment. The senior analyst position features a competitive salary and bonus compensation structure. The selected candidate is encouraged (but not required) to start the position in the NYC headquarters.
Responsibilities:
- Handle all aspects of due diligence, underwriting, deal modeling, and closing for acquisition and development opportunities across various markets with varying investment structures and risk profiles
- Assist deal team in deal structuring, financing, and negotiation of deal terms
- Prepare Offering memoranda and related materials through market research, risk analysis, and in-depth understanding of investment factors
- Analyze economic, market, legal, and political conditions within assigned sectors and regions
- Alongside other senior members of the team, develop and cultivate strong relationships with real estate owners, operators, GP/LP investors, investment bankers, joint venture partners, and other industry players
- Leveraging the firm’s network of industry contacts, work alongside senior Transactions professionals to seek new transactions and work with a variety of sources to identify new deal opportunities
- Work as part of an efficient team of professionals to maximize productivity of the JV Equity team, support each other with complementary expertise, and work together to develop the skillsets of analysts
Required Skills:
- Bachelor’s degree required; Finance/Math, Real Estate, Business, or related discipline preferred.
- Minimum of 1-2 years of commercial real estate investment or capital markets experience including underwriting, due diligence, and closing real estate transactions
- Strong communication and interpersonal skills
- Strong quantitative skills and demonstrated analytical ability including underwriting and complex financial analysis
About Ackman-Ziff
Ackman-Ziff Real Estate Group (“AZ”) is the industry’s preeminent boutique real estate capital advisory firm and has been a trusted advisor for over 95 years. AZ offers a wide variety of cutting-edge commercial real estate capital markets financing solutions, including debt and mezzanine financing, preferred and joint venture equity, sponsor equity, and investment sales. The privately held company is headquartered in New York City with offices in Miami, and Boston. The firm is highly regarded within the industry for its integrity, creativity, and advocacy on behalf of its clients. Ethics and trust are the core ethos of the firm.
About our equity team
Ackman-Ziff’s equity practice comprises professionals with over 50 years of combined experience investing for the most prestigious and sophisticated private equity funds and investment managers in the world. Such comprehensive investing expertise, combined with the firm’s unparalleled access to capital, enables Ackman-Ziff to operate what is considered the industry’s leading equity placement business.
The foundation of the equity group’s success is the combination of experience-derived proprietary methodologies with creative structuring and execution capabilities. Beginning with a thorough analysis of deal elements, AZ equity professionals underwrite transactions based on real-time knowledge of the ever-changing capital markets. This knowledge allows Ackman-Ziff to match the right equity structure and equity partner with each client’s unique circumstances.
Please submit resumes to hr@ackmanziff.com with the subject line: JV Equity Senior Analyst
People
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