Koch Real Estate Investments ("KREI") is seeking an Investment Director to join the team in Dallas, TX or Las Vegas, NV to focus on investments in the gaming and lodging space including the investment in Fontainebleau Las Vegas. KREI is the real estate investment arm of Koch Industries, the second largest privately held company in the US with over $115bn in revenue. Since 2003, Koch has completed over $130bn of acquisitions and investments. KREI is active in the private and public markets and makes financial investments throughout the capital stack. With a proven track record of successful investments, we are committed to excellence and innovation in the real estate industry.
Day to Day Responsibilities This position will report to the President of KREI and will be located in Dallas, TX or Las Vegas, NV. We are seeking a highly skilled and experienced Director of Real Estate Investment to oversee our investment in a large gaming property in Las Vegas (Fontainebleau Las Vegas). The ideal candidate will have a strong background in real estate investment, particularly in the hospitality sector, and a proven ability to drive financial performance and strategic growth initiatives.
What You Will Do Manage all aspects of KREI's investment in Fontainebleau Las Vegas, including additional acquisitions, financing, asset management, and disposition.Develop and execute investment strategies to optimize financial performance and maximize returns for stakeholders.Oversee asset management activities, including monthly, quarterly and annual budgeting and financial review, key stakeholder meetings and material preparation, and ongoing property operation initiatives and capital improvement projects/approvals.Collaborate at all levels with internal teams, external partners, and stakeholders to align investment objectives and drive business growth.Conduct thorough industry research, financial analysis, market research, modeling and due diligence to identify new investment opportunities and strategies in the gaming and lodging sector.Maintain an intimate level of knowledge of current portfolio operating performance and resourcefully incorporate it into the underwriting process to enhance accuracy.Prepare comprehensive reports, presentations, and recommendations for senior management and investors.A successful candidate will have the following characteristics:
Self-starter, highly focused and ability to work independently and assist the investment diligence and underwriting process.Ability to build trusted relationships and credibility.Excellent organizational and communication skills (both verbal and written).Humility, collaborative and a team player.Entrepreneurial spirit, comfortable with ambiguity, and an ability to think outside the box.Integrity and a strong sense of ethics.Strong financial modeling skills.Who You Are (Basic Qualifications) 7 or more years of experience in real estate investing specifically in the gaming and lodging space.Hands-on hospitality transaction due diligence experience including operating metrics and technical performance capabilities.Understanding of capital markets and structuring complex real estate.Willing and able to spend at least 50% of your time in Las Vegas.Experience in preparing operating memorandums and/or detailed valuation presentations.What Will Put You Ahead Bachelor's degree in Accounting, Finance, or Real Estate Finance.10 or more years of real estate underwriting and transactional experience.
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