Robert Belzer Email & Phone Number

Newark, New Jersey, United States

• Cover the major property groups in downtown Newark including multifamily, office, hospitality, and retail. • Generate commercial real estate research reports on the major property groups.• Interface with key stakeholders to support business improvement in downtown Newark.• Underwrite underutilized commercial properties for real estate redevelopment.

New York, United States

• Instruct an online course covering the real estate investment trusts (REITs).• Covers the key aspects of the REITs and how to value them including funds from operations (FFO) per share multiples and net asset value (NAV).• Introduces the concepts of total return and relative valuation.

New York, Ny

• Underwrite and model apartment, hotel, and office developments for a NYC real estate developer.• Source, underwrite, and negotiate multifamily investments in the metro NYC market.• Prepare investment and financing memoranda.

New York

• Covered the US healthcare, mall, shopping center, and triple net REIT sectors. Also covered select apartment and industrial REITs.• Responsible for domestic stock selection for the Morningstar four star rated EIIRX US fund and global fund.• Formulated stock selection based on financial statement analysis, company modeling and valuation analysis.• Valuation approach consisted principally of funds from operations (FFO) multiple and net asset value (NAV) relative analysis. Valuation also included discounted cash flow (DCF) valuation as a supplemental tool.

• Covered the mall, shopping center, and healthcare REIT sectors. Also covered select industrial REITs.• Coverage included writing First Call notes for companies covered, and industry notes and quarterly reports for the healthcare REIT and mall REIT sectors.• Initiated coverage of the healthcare REITs,Simon Property, and The Rouse Company.• Built and maintained financial models in Microsoft Excel for each company.

New York

• Served as an acquisition analyst purchasing shopping centers and garden apartment complexes. • Sourced, underwrote, negotiated, and closed properties. Acquisition volume for the group totaled approximately $1 billion.• In-depth knowledge of property leases and operating statements. • Due diligence included price acceptance and contract negotiation. • Reviewed commercial lease abstracts and reconciling CAM, tax, and insurance billings.• Reviewed market demographics and competitive property information.

• Published research reports on approximately thirty-five companies in the real estate (REITs), computer software, specialty chemical, and natural gas industries. • Analysis included financial statement analysis, generating revenue and earnings forecasts, cash flow projections, and capital budgeting requirements.

Bachelor Of Business Administration - Bba, Finance; Honors, Magna Cum Laude

Academics