Real Estate Valuation and Advisory Services

Houlihan Lokey’s Real Estate Valuation and Advisory Services practice (REVS) brings dedicated expertise to the unique challenges inherent in valuing real estate assets. Our seasoned team of real estate professionals has a distinguished history of valuing real estate companies and their underlying securities, large real estate portfolios, and individual properties.

The group is composed of credentialed industry professionals who hold the MAI designation awarded by the Appraisal Institute, Certified Public Accountants, as well as Accredited Senior Appraisers of the American Society of Appraisers (ASA) and professional members of the Royal Institute of Chartered Surveyors (MRICS and FRICS). Our capabilities go far beyond appraisal, with our REVS team regularly working alongside our Real Estate, Lodging & Leisure Group (Corporate Finance/ Restructuring) to provide distinctive expertise in transaction execution. Such market intelligence empowers our REVS team to deliver real-time insight based on real-world transactional experience.

Job Description

Our Real Estate Valuation and Advisory Services (REVS) team is recruiting for a Financial Analyst for our Mumbai office. As a Financial Analyst, you will review and analyze complex real estate models, conduct market and financial research regarding real estate supply, demand, pricing and investment parameters; including in-market interviews, data gathering and confirmation of comparable transactions as well as utilizing data subscription sources. The Financial Analyst will work with other Analysts, Associates, and Officers to execute valuation advisory work, often in connection with high profile real estate transactions. You will work with many leading REITs, real estate private equity firms, and real estate operators, analysing and valuing their investments for a variety of purposes.

The Financial Analyst will work with a highly talented and dedicated staff of professionals who will give broad exposure to the many different issues and concerns affecting real estate businesses and investors today. The environment at Houlihan Lokey is collegial and entrepreneurial and rewards Financial Analysts with substantial responsibility and interaction with senior-level professionals.

Responsibilities & Deliverables:

• Work alongside Analysts, Associates, and Officers valuing commercial real estate investments across various asset classes (multifamily, retail, industrial, hospitality, and more).

• Be actively involved in various client engagements, including valuation and advisory work related to investor and financial reporting, due diligence, and transaction opinions.

• Collect, manipulate, and analyze property, market, and financial data.

• Acquire knowledge of the use and capabilities of subscription data sources and software, including Costar, REIS, Green Street, Real Capital Analytics, Marshall Valuation Services, ARGUS, etc.

• Analyze historic property operating statements and analyze leases.

• Assist Associates and Officers in the preparation of complex cash flow models using Excel and/or ARGUS software, including analyzing available data to estimate revenues, costs, and rates of return.

• Estimate value of real estate investments at various levels of the capital stack, includingasset-level valuations, equity valuations, preferred equity valuations, and debt valuations.

• Prepare reports and presentations to team and clients, including graphic and written sections.

• Assist in marketing pitches, real estate thought leadership articles, and other ad-hoc duties.

Basic Qualifications

• Undergraduate coursework in real estate finance, real estate valuation, or related fields preferred.

• Chartered Accountants (CAs) or graduates from Tier-1 business schools preferred.

• A strong interest in real estate advisory work (i.e., valuation consulting).

Preferred Qualifications

Teamwork is essential to the firm’s success. At the same time, creativity and new ideas are encouraged. Analysts are given substantial responsibility and are encouraged to help us grow our business. The ideal candidate should be motivated, creative, outgoing, and possess strong financial analysis skills.

• Knowledge of real estate valuation theory, methodologies, and applications

• Strong analytical abilities

• Proficiency with Excel (particularly modeling skills, writing macros, etc.) and PowerPoint.

• Experience in ARGUS is strongly preferred.

• Excellent verbal and written communication skills

• Strong work ethic and attention to detail

• Ability to multi-task and work in a fast-paced environment

• Excellent organizational, problem solving and communication skills